Experian 2011 Annual Report Download - page 93

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Financial statements 91
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 2011 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 cashow
statement and the related notes. The nancial reporting framework that has been applied in their preparation is applicable law and International
Financial Reporting Standards as adopted by the European Union.
Respective responsibilities of directors and auditors
As explained more fully in the Statements of directors' responsibilities the directors are responsible for the preparation of the Group nancial
statements and for being satised that they give a true and fair view. Our responsibility is to audit and express an opinion on the Group nancial
statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply
with the Auditing Practices Board’s Ethical Standards for Auditors.
This report, including the opinions, 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 these opinions, 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.
Scope of the audit of the nancial statements
An audit involves obtaining evidence about the amounts and disclosures in the nancial statements sufcient to give reasonable assurance
that the nancial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether
the accounting policies are appropriate to the group’s circumstances and have been consistently applied and adequately disclosed; the
reasonableness of signicant accounting estimates made by the directors; and the overall presentation of the nancial statements. In addition,
we read all the nancial and non-nancial information in the Annual report and accounts to identify material inconsistencies with the audited
nancial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our
report.
Opinion on nancial statements
In our opinion the Group nancial statements:
•give a true and fair view of the state of the Group’s affairs as at 31 March 2011 and of the Group’s prot and cashows for the year then ended;
•have been properly prepared in accordance with International Financial Reporting Standards as adopted by the European Union; and
•have been prepared in accordance with the requirements of the Companies (Jersey) Law 1991 and Article 4 of the IAS Regulation.
Opinion on other matters
In our opinion:
•the information given in the Directors’ report for the nancial year for which the Group nancial statements are prepared is consistent with
the Group nancial statements; and
•the information given in the Corporate governance statement with respect to internal control and risk management systems and about share
capital structures is consistent with the nancial statements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following:
Under the Companies (Jersey) Law 1991, we are required to report to you if, in our opinion we have not received all the information and
explanations we require for our audit.
Under the Listing Rules we are required to review:
•the directors’ statement in relation to going concern as set out in the Directors’ report;
•the part of the Corporate governance statement relating to the company’s compliance with the nine provisions of the June 2008 Combined
Code specied for our review; and
•certain elements of the report to shareholders by the Board on directors’ remuneration.
Other matter
We have reported separately on the parent company nancial statements of Experian plc for the year ended 31 March 2011.
Andrew Kemp
For and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants and Recognized Auditor
London, United Kingdom
17 May 2011