Holiday Inn 2007 Annual Report Download - page 93

PARENT COMPANY FINANCIAL STATEMENTS
Statement of Directors’ responsibilities and Independent auditor’s report 91
Independent auditor’s report to the members
of InterContinental Hotels Group PLC
In relation to the parent company financial
statements
We have audited the parent company financial statements
of InterContinental Hotels Group PLC for the year ended
31 December 2007 which comprise the Company balance sheet
and related notes 1 to 10. These parent company financial
statements have been prepared under the accounting policies
set out therein. We have also audited the information in the
Remuneration Report that is described as having been audited.
We have reported separately on the Group financial statements
of InterContinental Hotels Group PLC for the year ended
31 December 2007.
This report is made solely to the Company’s members, as a
body, in accordance with Section 235 of the Companies Act 1985.
Our audit work has been undertaken so that we might state to
the Company’s members those matters we are required to state
to them in an auditor’s report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the Company and the
Company’s members as a body, for our audit work, for this
report, or for the opinions we have formed.
Respective responsibilities of Directors
and auditors
The Directors’ responsibilities for preparing the Annual Report,
the Directors’ Remuneration Report and the parent company
financial statements in accordance with applicable United
Kingdom law and Accounting Standards (United Kingdom
Generally Accepted Accounting Practice) are set out in the
Statement of Directors’ Responsibilities.
Our responsibility is to audit the parent company financial
statements and the part of the Directors’ Remuneration Report
to be audited in accordance with relevant legal and regulatory
requirements and International Standards on Auditing
(UK and Ireland).
We report to you our opinion as to whether the parent company
financial statements give a true and fair view and whether
the parent company financial statements and the part of
the Remuneration Report to be audited have been properly
prepared in accordance with the Companies Act 1985. We also
report to you whether, in our opinion, the information given in the
Directors’ Report is consistent with the financial statements. The
information given in the Directors’ Report includes that specific
information that is cross referred from the Business review,
Directors and Employees sections of the Directors’ Report.
In addition we report to you if, in our opinion, the Company has
not kept proper accounting records, if we have not received all
the information and explanations we require for our audit, or if
information specified by law regarding Directors’ remuneration
and other transactions is not disclosed.
We read other information contained in the Annual Report and
consider whether it is consistent with the audited parent company
financial statements. The other information comprises only the
Highlights, Message from the Chairman and Chief Executive,
Business Review, Directors’ Report, Corporate Governance
Statement, Audit Committee Report and the unaudited part of the
Remuneration Report. We consider the implications for our report
if we become aware of any apparent misstatements or material
inconsistencies with the parent company financial statements.
Our responsibilities do not extend to any other information.
Basis of audit opinion
We conducted our audit in accordance with International
Standards on Auditing (UK and Ireland) issued by the Auditing
Practices Board. An audit includes examination, on a test basis,
of evidence relevant to the amounts and disclosures in the
parent company financial statements and the part of the
Directors’ Remuneration Report to be audited. It also includes
an assessment of the significant estimates and judgements
made by the Directors in the preparation of the parent company
financial statements, and of whether the accounting policies are
appropriate to the Company’s circumstances, consistently applied
and adequately disclosed.
We planned and performed our audit so as to obtain all the
information and explanations which we considered necessary
in order to provide us with sufficient evidence to give reasonable
assurance that the parent company financial statements and
the part of the Directors’ Remuneration Report to be audited
are free from material misstatement, whether caused by fraud
or other irregularity or error. In forming our opinion we also
evaluated the overall adequacy of the presentation of information
in the parent company financial statements and the part of the
Directors’ Remuneration Report to be audited.
Opinion
In our opinion:
• the parent company financial statements give a true and fair
view, in accordance with United Kingdom Generally Accepted
Accounting Practice, of the state of the Company’s affairs
as at 31 December 2007;
• the parent company financial statements and the part of
the Directors’ Remuneration Report to be audited have been
properly prepared in accordance with the Companies Act
1985; and
• the information given in the Directors’ Report is consistent
with the parent company financial statements.
Ernst & Young LLP,
Registered auditor, London.
18 February 2008
PARENT COMPANY FINANCIAL STATEMENTS