Carphone Warehouse 2008 Annual Report Download - page 52

Directors’ Report: Governance
Statement of Directors’ Responsibilities
40 The Carphone Warehouse Group PLC Annual Report 2008
The Directors are responsible for preparing the Annual Report, Directors’
Remuneration Report and the financial statements in accordance with
applicable law and regulations.
Company law requires the Directors to prepare financial statements
for each financial period. The Directors are required by the IAS Regulation
to prepare the Group financial statements under International Financial
Reporting Standards (“IFRSs”) as adopted by the European Union.
The financial statements are also required by law to be properly prepared
in accordance with the Companies Act 1985, the effective provisions
of the Companies Act 2006 and Article 4 of the IAS Regulation.
International Accounting Standard 1 requires that financial statements
present fairly for each financial year the Group’s financial position, financial
performance and cash flows. This requires the faithful representation of
the effects of transactions, other events and conditions in accordance
with the definitions and recognition criteria for assets, liabilities, income
and expenses set out in the International Accounting Standards Board’s
‘Framework for the preparation and presentation of financial statements’.
In virtually all circumstances, a fair presentation will be achieved by
compliance with all applicable IFRSs. However, Directors are also
required to:
• properly select and apply accounting policies;
• present information, including accounting policies, in a manner that
provides relevant, reliable, comparable and understandable information; and
• provide additional disclosures when compliance with the specific
requirements in IFRSs is insufficient to enable users to understand
the impact of particular transactions, other events and conditions on
the entity’s financial position and financial performance.
The Directors are responsible for keeping proper accounting records that
disclose with reasonable accuracy at any time the financial position of the
Group and enable them to ensure that the financial statements comply with
the Companies Act 1985 and the effective provisions of the Companies
Act 2006. They are also responsible for safeguarding the assets of 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
corporate and financial information included on the corporate website.
Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in
other jurisdictions.
Each of the persons who is a Director at the date of approval of this
Report confirms that:
•so far as the Director is aware, there is no relevant audit information
of which the Group’s auditors are unaware; and
•the Director has taken all the steps that he/she ought to have taken
as a Director in order to make himself/herself aware of any relevant
audit information and to establish that the Group’s auditors are aware
of that information.
This confirmation is given and should be interpreted in accordance
with the provisions of s234ZA of the Companies Act 1985.