Experian 2010 Annual Report Download - page 151

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149
Introduction
2 – 11
Business review
12 – 51
Governance
52 – 84
Financial statements
85 – 160
Report of the auditors:
parent company nancial statements
Independent auditors’ report to the members of Experian plc
We have audited the parent company nancial statements of Experian plc for the year ended 31 March 2010 which comprise
the parent company prot and loss account, the parent company balance sheet and the related notes. These parent company
nancial statements have been prepared under the accounting policies set out therein. We have also audited the information in
the report on directors’ remuneration that is described as having been audited.
We have reported separately on the Group nancial statements of Experian plc for the year ended 31 March 2010.
Respective responsibilities of directors and auditors
The directors’ responsibilities for preparing the annual report and the parent company nancial statements in accordance with
applicable law and UK Accounting Standards are set out in the statement of directors’ responsibilities.
Our responsibility is to audit the parent company nancial 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 113A 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 parent company nancial statements give a true and fair view and are properly
prepared in accordance with the Companies (Jersey) Law 1991. We report to you whether in our opinion the information given in
the directors’ report is consistent with the parent company nancial statements. The information given in the directors’ report
includes that specic information presented in the business review that is cross referred from the directors’ report. We also
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 nancial statements. This other information comprises only 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 all of the other information listed 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 nancial statements. Our
responsibilities do not extend to any other information.
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 nancial statements. It also includes an assessment of the signicant estimates and judgments made by the
directors in the preparation of the parent company nancial 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 sufcient evidence to give reasonable assurance that the parent company nancial 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 nancial statements.
Opinion
In our opinion:
the parent company nancial statements give a true and fair view, in accordance with UK Generally Accepted Accounting -
Practice, of the state of the parent company’s affairs as at 31 March 2010 and of its loss for the year then ended;
the parent company nancial 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 nancial statements. -
Andrew Kemp
for and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants
London, United Kingdom
19 May 2010