Carphone Warehouse 2013 Annual Report Download - page 50

STATEMENT OF DIRECTORS’ RESPONSIBILITIES
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
‘Presentation of Financial Statements’ 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 are 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 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 Business Review on pages 3 to 34, 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 25 June 2013
Roger Taylor Chief Executive Officer
Nigel Langstaff Chief Financial Officer
CARPHONE WAREHOUSE GROUP PLC ANNUAL REPORT 201348