Experian 2008 Annual Report Download - page 133

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131Experian Annual Report 2008
Introduction
2 – 5
Business review
6 – 37
Governance
38 – 64
Financial statements
Company financial statements
Financial statements
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 year ended 31 March 2008 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 2008.
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 UK Accounting Standards (UK 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. We also report to you whether in our opinion the information given in the
directors’ report is consistent with the parent company financial statements. The information given in the directors’ report
includes that specific information presented in the business review that is cross referred from the directors’ report.
In addition we report to you if, in our opinion, the Company has not kept proper accounting records or if 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, the corporate governance statement and the other items as referred to on the contents listing. We consider
the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the parent
company financial statements. Our responsibilities do not extend to any other information.
We also 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 judgments 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.
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 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
l
Accounting Practice, of the state of the Company’s affairs as at 31 March 2008 and of the loss for the year then ended;
the parent company financial statements have been properly prepared in accordance with the Companies (Jersey) Law 1991; and
l
the information given in the directors’ report is consistent with the parent company financial statements. l
PricewaterhouseCoopers LLP
Chartered Accountants and Registered Auditors
London, United Kingdom
20 May 2008
Report of the auditors: parent company
financial statements