Carphone Warehouse 2011 Annual Report Download - page 48

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44 Carphone Warehouse Group plc Annual Report 201144 Carphone Warehouse Group plc Annual Report 2011
The directors are responsible for preparing the annual report
and the financial statements in accordance with applicable law
and regulations.
Company law requires the directors to prepare financial
statements for each financial year. Under that law the directors
are required to prepare the consolidated financial statements
in accordance with IFRS and Article 4 of the IAS Regulation and
have elected to prepare the Company financial statements in
accordance with UK GAAP. Under company law the directors
must not approve the accounts unless they are satisfied that
they give a true and fair view of the state of affairs of the
Company and Group and of the profit or loss of the Company
and Group for that period.
In preparing the Company financial statements, the directors
are required to:
• select suitable accounting policies and then apply them
consistently;
• make judgements and accounting estimates that are
reasonable and prudent;
• state whether applicable UK GAAP has been followed,
subject to any material departures disclosed and explained
in the financial statements; and
• prepare the financial statements on the going concern basis
unless it is inappropriate to presume that the Company will
continue in business.
In preparing the consolidated financial statements, IAS 1
requires that directors:
• properly select and apply accounting policies;
• present information, including accounting policies,
in a manner that provides relevant, reliable, comparable
and understandable information;
• provide additional disclosures when compliance with the
specific requirements in IFRS is insufficient to enable users
to understand the impact of particular transactions, other
events and conditions on the Group’s financial position and
financial performance; and
• make an assessment of the Group’s ability to continue
as a going concern.
The directors are responsible for keeping adequate accounting
records that are sufficient to show and explain the Company’s
transactions and disclose with reasonable accuracy at any time
the financial position of the Company and Group and enable
them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding
the assets of the Company and Group and hence for taking
reasonable steps for the prevention and detection of fraud and
other irregularities.
The directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
Group’s website. Legislation in the United Kingdom governing
the preparation and dissemination of financial statements may
differ from legislation in other jurisdictions.
Responsibility statement
We confirm that to the best of our knowledge:
• the financial statements, prepared in accordance with the
relevant financial reporting framework, give a true and fair
view of the assets, liabilities, financial position and profit or
loss of the Company and the undertakings included in the
consolidation taken as a whole; and
• the management report, which is incorporated into the
Directors’ Report, includes a fair review of the development
and performance of the business and the position of the
Company and the undertakings included in the consolidation
taken as a whole, together with a description of the principal
risks and uncertainties that they face.
By order of the Board on 13 June 2011
R Taylor N Langstaff
Chief Executive Officer Chief Financial Officer
GOVERNANCE
STATEMENT OF DIRECTORS’ RESPONSIBILITIES