HSBC 2014 Annual Report Download - page 105

HSBC BANK PLC
Statement of Directors’ Responsibilities in Respect of the Annual Report and
Accounts 2014 and the Financial Statements
103
The following statement, which should be read in conjunction with the Auditor’s statement of their responsibilities set out
in their report on the next page, is made with a view to distinguishing for shareholders the respective responsibilities of
the Directors and of the Auditor in relation to the financial statements.
The Directors are responsible for preparing the Annual Report and Accounts 2014, comprising the consolidated financial
statements of HSBC Bank plc and its subsidiaries (the ‘group’) and parent company financial statements for HSBC Bank plc
(the ‘bank’) in accordance with applicable laws and regulations.
Company law requires the Directors to prepare a Strategic Report, a Report of the Directors and group and parent
company financial statements for each financial year. The Directors are required to prepare the group financial
statements in accordance with IFRSs as adopted by the EU and have elected to prepare the bank financial statements on
the same basis.
Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true
and fair view of the state of affairs of the group and parent company and of their profit or loss for that period. In
preparing each of the group and parent company financial statements, the Directors are required to:
• select suitable accounting policies and then apply them consistently;
• make judgments and estimates that are reasonable and prudent;
• state whether they have been prepared in accordance with IFRSs as adopted by the EU; and
• prepare the financial statements on the going concern basis unless it is not appropriate. Since the Directors are
satisfied that the group has the resources to continue in business for the foreseeable future, the financial statements
continue to be prepared on a going concern basis.
The Directors have responsibility for ensuring that sufficient accounting records are kept that disclose with reasonable
accuracy at any time the financial position of the bank and enable them to ensure that its financial statements comply
with the Companies Act 2006.
The Directors have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of
the group and to prevent and detect fraud and other irregularities.
The Directors have responsibility for the maintenance and integrity of the Annual Report and Accounts as they appear on
the bank’s website. UK legislation governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
Each of the Directors, the names of whom are set out in the ‘Report of Directors: Governance’ section on pages 94 and 95
of this Annual Report and Accounts 2014, confirm to the best of their knowledge:
• in accordance with rule 4.1.12(3)(a) of the Disclosure Rules and Transparency Rules, the consolidated financial
statements, which have been prepared in accordance with IFRSs as issued by the IASB and as endorsed by the EU, have
been prepared in accordance with the applicable set of accounting standards and give a true and fair view of the
assets, liabilities, financial position and profit or loss of the bank and the undertakings included in the consolidation
taken as a whole; and
• the management report represented by the Strategic Report and the Report of the Directors has been prepared in
accordance with rule 4.1.12(3)(b) of the Disclosure Rules and Transparency Rules, and includes a fair review of the
development and performance of the business and the position of the bank and the undertakings included in the
consolidation as a whole, together with a description of the principal risks and uncertainties that the group faces.
On behalf of the Board
Nicola Black, Secretary 23 February 2015