Aer Lingus 2014 Annual Report Download - page 82

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Directors’ remuneration
Under the Companies Acts 1963 to 2013 we are required to report to you if, in our opinion, the disclosure of Directors’
remuneration and transactions specified by law have not been made, and under the Listing Rules of the Irish Stock Exchange we
are required to review the six specified elements of disclosures in the report to shareholders by the Board on Directors’
remuneration. We have no exceptions to report arising from these responsibilities.
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Corporate governance statement
Under the Listing Rules of the Irish Stock Exchange we are required to review the part of the Corporate Governance Statement
relating to the company’s compliance with nine provisions of the UK Corporate Governance Code and the two provisions of the
Irish Corporate Governance Annex specified for our review. We have nothing to report having performed our review.
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Other matters on which we are required to report by the Companies Acts 1963 to 2013
 We have obtained all the information and explanations which we consider necessary for the purposes of our audit.
 In our opinion proper books of account have been kept by the Company.
 The Company statement of financial position is in agreement with the books of account.
 The net assets of the Company, as stated in the Company Statement of financial position, are more than half of the amount
of its called-up share capital and, in our opinion, on that basis there did not exist at 31 December 2014 a financial situation
which under Section 40 (1) of the Companies (Amendment) Act, 1983 would require the convening of an extraordinary
general meeting of the Company.
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Responsibilities for the financial statements and the audit
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Our responsibilities and those of the Directors
As explained more fully in the Directors’ Responsibilities Statement set out on page 45, the Directors are responsible for the
preparation of the consolidated and company financial statements giving a true and fair view.
Our responsibility is to audit and express an opinion on the consolidated and company financial statements in accordance with
Irish law and ISAs (UK & Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards
for Auditors.
This report, including the opinions, has been prepared for and only for the company’s members as a body in accordance with
Section 193 of the Companies Act, 1990 and for no other purpose. We do not, in giving these opinions, accept or assume
responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save
where expressly agreed by our prior consent in writing.
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What an audit of financial statements involves
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 and Company’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.
We primarily focus our work in these areas by assessing the Directors’ judgements against available evidence, forming our own
judgements, and evaluating the disclosures in the financial statements.
We test and examine information, using sampling and other auditing techniques, to the extent we consider necessary to provide a
reasonable basis for us to draw conclusions. We obtain audit evidence through testing the effectiveness of controls, substantive
procedures or a combination of both.
In addition, we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with
the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially
inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent
material misstatements or inconsistencies we consider the implications for our report.
Andrew Craig
for and on behalf of PricewaterhouseCoopers
Chartered Accountants and Statutory Audit Firm
Dublin
27 March 2015