Carphone Warehouse 2016 Annual Report Download - page 84

Dixons Carphone plc Annual Report and Accounts 2015/16
Corporate Governance
Statement of Directors’ responsibilities
82
The directors are responsible for preparing the annual report and the 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 are
required to prepare the consolidated financial statements in accordance with IFRS as adopted by the European Union and
Article 4 of the IAS Regulation and have elected to prepare the Company financial statements in accordance with Financial
Reporting Standard 101 Reduced Disclosure Framework. Under company law the directors must not approve the accounts
unless they are satisfied that they 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 the Group for that period.
In preparing the Company financial statements, the directors are required to:
•select suitable accounting policies and then apply them consistently;
•make judgements and accounting estimates that are reasonable and prudent;
•state whether Financial Reporting Standard 101 Reduced Disclosure Framework has been followed, subject to any material
departures disclosed and explained in the financial statements; and
•prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will
continue in business.
In preparing the consolidated financial statements, IAS 1 ‘Presentation of Financial Statements’ requires that directors:
•properly select and apply accounting policies;
•present information, including accounting policies, in a manner that provides relevant, reliable, comparable and
understandable information;
•provide additional disclosures when compliance with the specific requirements in IFRS are insufficient to enable users to
understand the impact of particular transactions, other events and conditions on the Group’s financial position and financial
performance; and
•make an assessment of the Group’s ability to continue as a going concern.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s
transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable
them to ensure that the financial statements comply with the Companies Act 2006. 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 corporate and financial information included on the
Group’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may
differ from legislation in other jurisdictions.
Responsibility statement
We confirm that to the best of our knowledge:
•the financial statements, prepared in accordance with the relevant financial reporting framework, give a true and fair view of
the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation
taken as a whole;
•the Strategic Report includes a fair review of the development and performance of the business and the position of the
Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal
risks and uncertainties that they face; and
•the annual report and financial statements, taken as a whole, are fair, balanced and understandable and provide the
information necessary for shareholders to assess the Group and the Company’s performance, business model and strategy.
By Order of the Board
Sebastian James Humphrey Singer
Group Chief Executive Group Finance Director
28 June 2016 28 June 2016
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