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Corporate Governance |
Accountability & Audit |
The directors are required by the Companies Act 1985 to prepare
accounts which give a true and fair view of the state of affairs of
the company and of the group as at the end of the financial year
and of the profit or loss of the group for the financial year.
In preparing the accounts of the company and of the group, the
directors confirm they have:
- selected and consistently applied appropriate accounting
policies;
- made reasonable and prudent estimates and judgements, where
appropriate;
- followed applicable accounting standards; and
- prepared the accounts on a going concern basis.
The directors are responsible for ensuring that the company and its
subsidiary undertakings keep accounting records which disclose,
with reasonable accuracy, the financial position of the company and
the group and which enable them to ensure that the accounts comply
with the Companies Act 1985. They also have general responsibility
for taking such steps as are reasonably open to them to safeguard
the assets of both the company and the group and to prevent and
detect fraud and other irregularities.
The above statement, which should be read in conjunction with the
Report of the auditors, is made with a view to distinguishing for
shareholders the respective responsibilities of the directors and
of the auditors in relation to the accounts.
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