Carphone Warehouse 2009 Annual Report Download - page 45

www.cpwplc.com 41
Financial Statements
Independent Auditors’ Report
Independent Auditors’ Report to the members of
The Carphone Warehouse Group PLC
We have audited the Group nancial statements of
The Carphone Warehouse Group PLC for the year ended
31March 2009 which comprise the Consolidated Income
Statement, the Consolidated Statement of Changes in Equity,
the Consolidated Balance Sheet, the Consolidated Cash Flow
Statement, and the related notes 1 to 33. These Group nancial
statements have been prepared under the accounting policies
set out therein. We have also audited the information in the
Directors’ Remuneration Report that is described as having
been audited.
We have reported separately on the individual Company
nancial statements of The Carphone Warehouse Group PLC
for the year ended 31 March 2009.
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 auditors’ 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 Group nancial
statements in accordance with applicable law and International
Financial Reporting Standards (“IFRSs”) as adopted by the
European Union are set out in the Statement of Directors’
Responsibilities.
Our responsibility is to audit the Group nancial statements
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 Group nancial
statements give a true and fair view, whether the Group
nancial statements have been properly prepared in
accordance with the Companies Act 1985 and Article 4 of
the IAS Regulation and whether the part of the Directors’
Remuneration Report described as having been audited has
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 Group nancial statements.
In addition we report to you if, in our opinion, we have not
received all the information and explanations we require for
our audit, or if information specied by law regarding Directors’
remuneration and other transactions is not disclosed.
We review whether the Corporate Governance Statement
reects the Company’s compliance with the nine provisions
of the 2006 Combined Code specied for our review by the
Listing Rules of the Financial Services Authority, and we
report if it does not. We are not required to consider whether
the Board’s statements on internal control cover all risks
and controls, or form an opinion on the effectiveness of
the Group’s corporate governance procedures or its risk
and control procedures.
We read the other information contained in the Annual Report
as described in the contents section and consider whether it
is consistent with the audited Group nancial statements.
We consider the implications for our report if we become aware
of any apparent misstatements or material inconsistencies with
the Group nancial statements. Our responsibilities do not
extend to any further information outside the Annual Report.
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 Group nancial statements and the part of the Directors’
Remuneration Report to be audited. It also includes an
assessment of the signicant estimates and judgments made
by the Directors in the preparation of the Group nancial
statements, and of whether the accounting policies are
appropriate to the Group’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 sufcient evidence to give
reasonable assurance that the Group nancial 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 Group nancial statements and the part
of the Directors’ Remuneration Report to be audited.
Opinion
In our opinion:
▪ the Group nancial statements give a true and fair view,
in accordance with IFRSs as adopted by the European
Union, of the state of the Group’s affairs as at 31 March
2009 and of its prot for the year then ended;
▪ the Group nancial statements have been properly prepared
in accordance with the Companies Act 1985 and Article 4 of
the IAS Regulation;
▪ the part of the Directors’ Remuneration Report described
as having been audited has been properly prepared in
accordance with the Companies Act 1985; and
▪ the information given in the Directors’ Report is consistent
with the Group nancial statements.
Deloitte LLP
Chartered Accountants and Registered Auditors
London, United Kingdom
4June 2009