Experian 2010 Annual Report Download - page 87

85
Introduction 2 – 11
Business review 12 – 51
Governance 52 – 84
Financial statements 85 – 160
Report of the auditors:
Group nancial statements
Independent auditors’ report to the members of Experian plc
We have audited the Group nancial statements of Experian plc for the year ended 31 March 2010 which comprise the Group
income statement, the Group statement of comprehensive income, the Group balance sheet, the Group statement of changes in
total equity, the Group cash ow statement and the related notes. These Group nancial statements have been prepared under
the accounting policies set out therein.
We have reported separately on the parent company 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 Group nancial statements in accordance with applicable
law and International Financial Reporting Standards (‘IFRSs’) as adopted by the European Union are set out in the statement of
directors’ responsibilities.
Our responsibility is to audit the Group 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 Group nancial statements give a true and fair view and are properly prepared in
accordance with the Companies (Jersey) Law 1991 and Article 4 of the IAS Regulation. We report to you whether in our opinion
the information given in the directors’ report is consistent with the Group 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 review whether the corporate governance statement reects the Company’s compliance with the nine provisions of the
Combined Code (2008) specied for our review by the Listing Rules of the United Kingdom Financial Services Authority, and
we report if it does not. We are not required to consider whether the board’s statements on internal controls cover all risks
and controls, or form an opinion on the effectiveness of the Group’s corporate governance procedures or its risk and control
procedures.
We read the other information contained in the annual report, and consider whether it is consistent with the audited Group
nancial statements. The 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 Group 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
Group nancial statements. It also includes an assessment of the signicant estimates and judgments made by the directors
in the preparation of the Group nancial statements, and of whether the accounting policies are appropriate to the Group’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 Group 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 Group nancial statements.
Opinion
In our opinion:
the Group nancial statements give a true and fair view, in accordance with IFRSs as adopted by the European Union, of the -
state of the Group’s affairs as at 31 March 2010 and of the Group's prot and cash ows for the year then ended;
the Group nancial statements have been properly prepared in accordance with the Companies (Jersey) Law 1991 and -
Article 4 of the IAS Regulation; and
the information given in the directors’ report is consistent with the Group nancial statements. -
Andrew Kemp
for and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants
London, United Kingdom
19 May 2010