Ryanair 2004 Annual Report Download - page 24

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Statement of Directors’ Responsibilities
The directors are responsible for preparing financial statements for each financial
year which, in accordance with applicable Irish law and accounting standards, give
a true and fair view of the state of affairs of the company and the group and of the
profit or loss of the group for that period.
Statement of Directors’ Responsibilities & Independent
Auditors’ Report to the Members of Ryanair Holdings plc
24
A N N U A L R E P O RT & F I N A N C I A L S T A T E M E N T S 2 0 0 4
IN PREPARING THOSE FINANCIAL STATEMENTS, THE DIRECTORS
ARE REQUIRED TO:
•select suitable accounting policies and then apply them
consistently
•make judgements and estimates that are reasonable and
prudent
•prepare the financial statements on a going concern basis
unless it is inappropriate to presume that the group will
continue in business.
The directors are responsible for keeping proper books of
account which disclose with reasonable accuracy at any time
the financial position of the company and of the group and to
enable them to ensure that the financial statements comply
with the Companies Acts 1963 to 2003 and all Regulations to
be construed as one with those Acts. They have general
responsibility for taking such steps as are reasonably open to
them to safeguard the assets of the group and to prevent and
detect fraud and other irregularities.
On behalf of the Board
D. Bonderman M.O’Leary
Chairman Chief Executive
Independent Auditors’ Report to the Members of
Ryanair Holdings plc
We have audited the financial statements on pages 26 to 62.
This report is made solely to the company’s members, as a body, in accordance
with Section 193 of the Companies Act, 1990. 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 are responsible for preparing the Annual Report.
As described above, this includes responsibility for preparing
the financial statements in accordance with applicable Irish law
and accounting standards.
Our responsibilities, as independent auditors, are established in
Ireland by statute, the Auditing Practices Board, the Listing
Rules of the Irish Stock Exchange and by our profession’s ethical
guidance.