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GOVERNANCE > Statement of Directors' Responsibilities |
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statement of directors' responsibilities |
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The Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
UK company law requires the Directors to prepare financial statements for each financial year. Under that law, the Directors have prepared the consolidated and parent financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and in accordance with applicable law. The Group and parent company financial statements are required by law to present fairly the financial position and performance of the Company and the Group and of the profit or loss of the Group for that year. In preparing the financial statements the Directors are required to:
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Select suitable accounting policies and then apply them consistently; |
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Make judgements and estimates that are reasonable and prudent; and |
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State that the financial statements comply with IFRS as adopted by the European Union, subject to any material departures disclosed and explained in the financial statements. |
The Directors confirm that they have complied with the above requirements in preparing the financial statements.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at the time, the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 1985 and Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Under applicable law and regulations, the Directors are also responsible for preparing a Directors' Report, Directors' Remuneration Report and Corporate Governance Statement that comply with that law and those regulations.
The Directors are responsible for maintaining the integrity of the corporate and financial information, including the Annual Report, included on the Company’s website.
Note: Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
By order of the Board
J R Probert
Secretary
5 March 2008 |
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