Experian 2007 Annual Report Download - page 135

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Experian Annual Report2007 |133
Report of the auditors: parent company financial statements
Independent auditors’ report to the members of Experian Group Limited
We have audited the parent company financial statements of Experian Group Limited for the period ended 31 March 2007 which comprise the
parent company balance sheet, the parent company profit and loss account and the related notes and those parts of the report on directors’
remuneration described as being audited. These parent company financial statements have been prepared under the accounting policies set out
therein.
We have reported separately on the Group financial statements of Experian Group Limited for the year ended 31 March 2007.
Respective responsibilities of directors and auditors
The directors’ responsibilities for preparing the annual report, the report on directors’ remuneration and the parent company financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) are set out in
the Statement of directors’ responsibilities.
Our responsibility is to audit the parent company financial statements in accordance with relevant legal and regulatory requirements and
International Standards on Auditing (UK and Ireland). This report, including the opinion, has been prepared for and only for the Company’s
members as a body in accordance with Article 110 of the Companies (Jersey) Law 1991 and for no other purpose. We do not, in giving this
opinion, 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.
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the
Companies (Jersey) Law 1991. Wealso reportto you whether in our opinion the information given in the directors’ report is consistent with the
parent company financial 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.
We read the other information contained in the Annual Report, and consider whether it is consistent with the audited parent company financial
statements. This other information comprises only the Group financial highlights, the directors’ report, the chairman’s statement, the business
review, the board of directors, the unaudited part of the report on directors’ remuneration and the corporate governance statement. We consider
the implications for our reportif we become awareof any apparent misstatements or material inconsistencies with the financial statements. Our
responsibilities do not extend to any other information.
Wealso review whether the report on directors’ remuneration complies with the requirements of the Listing Rules of the United Kingdom Financial
Services Authority and report to you any non compliance.
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 parent company financial statements. It also
includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and of
whether the accounting policies are appropriate to the Company’s circumstances, consistently applied and adequately disclosed.
Weplanned and performed our audit so as to obtain all the information and explanations which we considered necessaryin order to provide us
with sufficient evidence to give reasonable assurance that the parent company financial statements 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 parent company financial statements.
Opinion
In our opinion:
•the parent company financial statements give a true and fair view,in accordance with United Kingdom Generally Accepted Accounting Practice, of
the state of the Company’s affairs as at 31 March 2007 and of the loss for the period then ended;
•the parent company financial statements have been properly prepared in accordance with the Companies (Jersey) Law 1991; and
•the information given in the directors’ report is consistent with the parent company financial statements.
PricewaterhouseCoopers LLP
Chartered Accountants and Registered Auditors
London, United Kingdom
22 May 2007