Holiday Inn 2012 Annual Report Download - page 85

OVERVIEW BUSINESS REVIEW GOVERNANCE
GROUP FINANCIAL
STATEMENTS
PARENT COMPANY FINANCIAL STATEMENTS OTHER INFORMATION
Statements of Directors’ responsibilities and Independent Auditor’s Report 83
Opinion on other matter prescribed by the
Companies Act 2006
In our opinion the information given in the Directors’ Report for
the financial year for which the Group Financial Statements are
prepared is consistent with the Group Financial Statements.
Matters on which we are required to report
by exception
We have nothing to report in respect of the following:
Under the Companies Act 2006 we are required to report to you if,
in our opinion:
• certain disclosures of Directors’ remuneration specified by law
are not made; or
• we have not received all the information and explanations we
require for our audit.
Under the Listing Rules we are required to review:
• the Directors’ statement, set out on page 80, in relation to going
concern; and
• the part of the Corporate Governance statement relating to
the Company’s compliance with the nine provisions of the
UK Corporate Governance Code specified for our review; and
• certain elements of the report to shareholders by the Board on
Directors’ remuneration.
Other matter
We have reported separately on the Parent Company Financial
Statements of InterContinental Hotels Group PLC for the year
ended 31 December 2012 and on the information in the Directors’
Remuneration Report that is described as having been audited.
Alison Duncan (Senior statutory auditor)
for and on behalf of Ernst & Young LLP, Statutory Auditor
London
18 February 2013
Notes:
1. The maintenance and integrity of the InterContinental Hotels Group PLC website
is the responsibility of the Directors; the work carried out by the auditors does not
involve consideration of these matters and, accordingly, the auditors accept no
responsibility for any changes that may have occurred to the Financial Statements
since they were initially presented on the website.
2. Legislation in the United Kingdom governing the preparation and dissemination
of financial statements may differ from legislation in other jurisdictions.
We have audited the Group Financial Statements of
InterContinental Hotels Group PLC for the year ended 31 December
2012 which comprise the Group income statement, the Group
statement of comprehensive income, the Group statement of
changes in equity, the Group statement of financial position,
the Group statement of cash flows, accounting policies and the
related notes 1 to 35. The financial reporting framework that
has been applied in their preparation is applicable law and
International Financial Reporting Standards (IFRSs) as adopted
by the European Union.
This report is made solely to the Company’s members, as a body,
in accordance with Chapter 3 of Part 16 of the Companies Act 2006.
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 auditor
As explained more fully in the Statements of Directors’
responsibilities set out on page 82, the Directors are responsible
for the preparation of the Group Financial Statements and for being
satisfied that they give a true and fair view. Our responsibility is to
audit and express an opinion on the Group Financial Statements in
accordance with applicable law and International Standards on
Auditing (UK and Ireland). Those standards require us to comply
with the Auditing Practices Board’s Ethical Standards for Auditors.
Scope of the audit of the Financial Statements
An audit involves obtaining evidence about the amounts and
disclosures in the Financial Statements sufficient to give
reasonable assurance that the Financial Statements are free from
material misstatement, whether caused by fraud or error. This
includes an assessment of: whether the accounting policies are
appropriate to the Group’s circumstances and have been
consistently applied and adequately disclosed; the reasonableness
of significant accounting estimates made by the Directors; and the
overall presentation of the Financial Statements. In addition, we
read all the financial and non-financial information in the Annual
Report to identify material inconsistencies with the audited
Financial Statements. If we become aware of any apparent material
misstatements or inconsistencies we consider the implications
for our report.
Opinion on Financial Statements
In our opinion the Group Financial Statements:
• give a true and fair view of the state of the Group’s affairs as
at 31 December 2012 and of its profit for the year then ended;
• have been properly prepared in accordance with IFRSs as
adopted by the European Union; and
• have been prepared in accordance with the requirements of
the Companies Act 2006 and Article 4 of the IAS Regulation.
Independent Auditor’s Report to the members of InterContinental Hotels Group PLC