Carphone Warehouse 2016 Annual Report Download - page 85

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Independent Auditor’s report
83
Opinion on the financial statements of Dixons Carphone plc
In our opinion,
•the financial statements give a true and fair view of the state of the Group’s and of the parent company’s affairs as at 30 April
2016 and of the Group’s profit for the year then ended;
•the Group financial statements have been properly prepared in accordance with International Financial Reporting Standards
(IFRSs) as adopted by the European Union;
•the parent company financial statements have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice, including FRS 101 ‘Reduced Disclosure Framework’; and
•the financial statements have been prepared in accordance with the requirements of the Companies Act 2006 and, as regards
the Group financial statements, Article 4 of the IAS Regulation.
The financial statements comprise the Consolidated income statement, the Consolidated statement of comprehensive income,
the Consolidated balance sheet, the Consolidated statement of changes in equity, the Consolidated cash flow statement, the
Company balance sheet, the Company statement of changes in equity, and the related notes 1 to 31 and C1 to C10. The
financial reporting framework that has been applied in the preparation of the Group financial statements is applicable law and
IFRSs as adopted by the European Union. The financial reporting framework that has been applied in the preparation of the
parent company financial statements is applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice), including FRS 101 ‘Reduced Disclosure Framework’.
Separate opinion in relation to IFRSs as issued by the IASB
As explained in note 1a) to the Group financial statements, in addition to complying with its legal obligation to apply IFRSs
as adopted by the European Union, the Group has also applied IFRSs as issued by the International Accounting Standards
Board (IASB).
In our opinion the Group financial statements comply with IFRSs as issued by the IASB.
Going concern
As required by the Listing Rules we have reviewed the directors’ statement regarding the appropriateness of the going concern
basis of accounting contained within note 1a) to the financial statements and the directors’ statement on the longer-term viability
of the group contained within the strategic report.
We have nothing material to add or draw attention to in relation to:
•the directors' confirmation on page 45 that they have carried out a robust assessment of the principal risks facing the Group,
including those that would threaten its business model, future performance, solvency or liquidity;
•the disclosures on pages 20 to 23 that describe those risks and explain how they are being managed or mitigated;
•the directors’ statement in note 1a) to the financial statements about whether they considered it appropriate to adopt the going
concern basis of accounting in preparing them and their identification of any material uncertainties to the Group’s ability to
continue to do so over a period of at least 12 months from the date of approval of the financial statements;
•the directors’ explanation on page 29 as to how they have assessed the prospects of the Group, over what period they have
done so and why they consider that period to be appropriate, and their statement as to whether they have a reasonable
expectation that the group will be able to continue in operation and meet its liabilities as they fall due over the period of their
assessment, including any related disclosures drawing attention to any necessary qualifications or assumptions.
We agreed with the directors’ adoption of the going concern basis of accounting and we did not identify any such material
uncertainties. However, because not all future events or conditions can be predicted, this statement is not a guarantee as
to the Group’s ability to continue as a going concern.
Independence
We are required to comply with the Financial Reporting Council’s Ethical Standards for Auditors and we confirm that we are
independent of the Group and we have fulfilled our other ethical responsibilities in accordance with those standards. We also
confirm we have not provided any of the prohibited non-audit services referred to in those standards.
00_DC 2016 Annual Report.pdf 83 11/07/2016 18:34