Unilever 2014 Annual Report Download - page 41
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Please find page 41 of the 2014 Unilever annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.DIRETORS’ RESPONSIBILITY STATEMENT
Each of the Drectors confrms that, to the best of hs or her
knowledge
• The Annual Report and Accounts, taken as a whole, s far,
balanced and understandable, and provdes the nformaton
necessary for shareholders to assess the roup’s performance,
busness model and strategy
• The fnancal statements whch have been prepared n
accordance wth Internatonal Fnancal Reportng Standards
as adopted by the EU and as ssued by the Internatonal
Accountng Standards Board (n the case of the consoldated
fnancal statements) and UK accountng standards (n the
case of the PL parent company accounts) and UK accountng
standards and Part 9 of Book 2 of the Dutch vl ode (n the
case of the NV parent company accounts), gve a true and far
vew of the assets, labltes, fnancal poston and proft or
loss of the roup and the undertakngs ncluded n the
consoldaton taken as a whole and
• The Strategc Report ncludes a far revew of the development
and performance of the busness and the poston of the roup
and the undertakngs ncluded n the consoldaton taken as a
whole, together wth a descrpton of the prncpal rsks and
uncertantes that they face
The Drectors and ther roles are lsted on pages 41 and 54
OIN ONERN
The actvtes of the roup, together wth the factors lkely to
affect ts future development, performance, the fnancal poston
of the roup, ts cash flows, lqudty poston and borrowng
facltes are descrbed nthe Strategc Report on pages 2 to 35
In addton, we descrbe n notes 15 to 18 on pages 109 to 123 the
roup’s obectves, polces and processes for managng ts
captal ts fnancal rsk management obectves detals of ts
fnancal nstruments and hedgng actvtes and ts exposures
to credt and lqudty rsk
The roup has consderable fnancal resources together wth
establshed busness relatonshps wth many customers and
supplers n countres throughout the world As a consequence,
the Drectors beleve that the roup s well placed to manage ts
busness rsks successfully despte the current uncertan outlook
After makng enqures, the Drectors have a reasonable
expectaton that the roup has adequate resources to contnue n
operatonal exstence for the foreseeable future Accordngly, they
contnue to adopt the gong concern bass n preparng ths Annual
Report andAccounts
INTERNAL AND DISLOSURE ONTROLS AND
PROEDURES
Please refer to pages 49 to 53 for a dscusson of Unlever’s
prncpal rsk factors and to pages 50 to 53 for commentary
on the roup’s approach to rsk management and control
ANNUAL AOUNTS
The Drectors are requred by Part 9 of Book 2 of the vlode
n the Netherlands and the UK ompanes Act 2006 to prepare
accounts for each fnancal year whch gve a true and far vew
of the state of affars ofthe Unlever roup, and the NV and PL
enttes, as at the end of the fnancal year and of the proft or
loss and cash flows for that year
The Drectors consder that, n preparng the accounts, theroup
and the NV and PL enttes have used the most approprate
accountng polces, consstently appled and supported by
reasonable and prudent udgements and estmates, and thatall
Internatonal Fnancal Reportng Standards as adopted by the EU
andas ssued by the Internatonal Accountng Standards Board
(nthecase of the consoldated fnancal statements), UK
accountng standards (n the case of the PL parent company
accounts) and Dutch law (n the case of the NV parent company
accounts) whch they consder to be applcable have been followed
The Drectors have responsblty for ensurng that NV and PL
keep accountng records whch dsclose wth reasonable accuracy
ther fnancal poston and whch enable the Drectors to ensure
that the accounts comply wth the relevant legslaton They also
have a general responsblty for takng such steps as are
reasonably open tothem to safeguard the assets of the roup,
and to prevent and detectfraud and other rregulartes
Ths statement, whch should be read n conuncton wth the
Independent Audtors’ reports, smade wth a vew to
dstngushng for shareholders the respectve responsbltes
of the Drectors andoftheaudtors n relaton to the accounts
A copy of the fnancal statements of the Unlever roup s
placedonour webste at wwwunlevercom/nvestorrelatons
The mantenance and ntegrty of the webste are the responsblty
of the Drectors, and the work carred out by the audtors does not
nvolve consderaton of these matters Accordngly, the audtors
accept no responsblty for any changes that may have occurred
to the fnancal statements snce they were ntally placed on the
webste Legslaton n the UK and the Netherlands governng the
preparaton and dssemnaton of fnancal statements may dffer
from legslaton n other ursdctons
UK law sets out addtonal responsbltes for the Drectors of PL
regardng dsclosure of nformaton to audtors Dsclosure n
respect of these responsbltes s made on page 48
78 Unilever Annual Report and Accounts 2014Financial statements
STATEMENT OF DIRETORS’
RESPONSIBILITIES