|
 |
|
|
|
|
| |
Statement of Directors' Responsibilities |
|
|
|
|
|
| |
|
| |
|
| |
|
|
|
STATEMENT OF DIRECTORS’ RESPONSIBILITIES
in Respect of the Annual Report, the Directors’ Remuneration Report and the Financial Statements |
|
| |
|
The directors are responsible for preparing the Annual Report, the Directors’ Remuneration Report and the Group and the parent company financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the Group financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union, and the parent company financial statements and the Directors’ Remuneration Report in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Group and parent company financial statements are required by law to give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Company and Group for that period. |
|
| |
|
| In preparing those financial statements, the directors are required to: |
| • |
select suitable accounting policies and then apply them consistently; |
| • |
make judgements and estimates that are reasonable and prudent; |
| • |
state that the Group financial statements comply with IFRSs as adopted by the European Union, and with regard to the parent company financial statements that applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; |
| • |
prepare the Group and parent company financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business, in which case there should be supporting assumptions or qualifications as necessary. |
|
|
| |
|
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 that disclose with reasonable accuracy at any time the financial position of the company and the Group and to enable them to ensure that the Group financial statements comply with the Companies Act 1985 and Article 4 of the IAS Regulation and the parent company financial statements and the Directors’ Remuneration Report comply with the Companies Act 1985. 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.
The directors are responsible for the maintenance and integrity of the Company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
So far as each director is aware, there is no relevant audit information of which the Company’s auditors are unaware; and each has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Company’s auditors are aware of that information. |
|
| |
|
By Order of the Board
Stephen East
Finance Director
2 April 2008 |
|
|
|
|
|
back to top |
|
|