Experian 2012 Annual Report Download - page 89

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87
Governance Financial statementsBusiness reviewBusiness overview
Report of the auditors:
Group financial statements
Independent auditors’ report to the members of Experian plc
We have audited the Group financial statements of Experian plc for the year ended 31 March 2012 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 flow
statement and the related notes. The financial 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 financial
statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the Group financial
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 financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that
the financial 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 significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition,
we read all the financial and non-financial information in the Annual report and accounts to identify material inconsistencies with the audited
financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
Opinion on financial statements
In our opinion the Group financial statements:
• give a true and fair view of the state of the Group’s affairs as at 31 March 2012 and of the Group’s profit and cash flows 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 properly 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 financial year for which the Group financial statements are prepared is consistent with the
Group financial 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 financial 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 UK 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 UK Corporate
Governance Code specified 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 financial statements of Experian plc for the year ended 31 March 2012.
Ranjan Sriskandan
For and on behalf of PricewaterhouseCoopers LLP,
Chartered Accountants and Recognized Auditor,
London, United Kingdom
9 May 2012
Experian Annual Report 2012 Financial statements