Holiday Inn 2005 Annual Report Download - page 88

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IN RELATION TO THE COMPANY FINANCIAL STATEMENTS
The following statement, which should be read in conjunction
with the Independent Auditor’s Report, is made with a view to
distinguishing for shareholders the respective responsibilities
of the Directors and of the auditors in relation to the Company
financial statements.
Following discussions with the auditors, the Directors consider
that, in preparing the Company financial statements, the Company
has used appropriate accounting policies, consistently applied and
supported by reasonable and prudent judgements and estimates,
and that all applicable accounting standards have been followed.
The Company financial statements have been prepared on a going
concern basis as the Directors have a reasonable expectation that
the Company has adequate resources to continue in operational
existence for the foreseeable future.
The Directors have responsibility for ensuring that the Company
keeps accounting records which disclose with reasonable accuracy
the financial position of the Company and which enable them to
ensure that the Company financial statements comply with the
Companies Act 1985.
The Directors have general responsibility for taking such steps
as are reasonably open to them to safeguard the assets of the
Company and to prevent and detect fraud and other irregularities.
statement of directors’ responsibilities
86 InterContinental Hotels Group 2005