Holiday Inn 2007 Annual Report Download - page 92

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90 IHG Annual Report and Financial Statements 2007
Statement of Directors’ responsibilities
In relation to the parent 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 auditor in relation to the Company
financial statements.
The Directors are responsible for preparing the parent company
financial statements and Remuneration Report in accordance
with applicable United Kingdom law and United Kingdom
Generally Accepted Accounting Practice (UK GAAP).
The Directors are required to prepare Company financial
statements for each financial year which present fairly the
financial position of the Company and the financial performance
of the Company for that period.
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.