Ryanair 2016 Annual Report Download - page 42

42
Independent Auditor’s Report to the Members of Ryanair Holdings plc (continued)
6 We have nothing to report in respect of the matters on which we are required to report by exception
ISAs (U.K. & Ireland) require that we report to you if, based on the knowledge we acquired during our audit, we have
identified information in the annual report that contains a material inconsistency with either that knowledge or the financial
statements, a material misstatement of fact, or that is otherwise misleading.
In particular, we are required to report to you if:
 we have identified any inconsistencies between the knowledge we acquired during our audit and the Directors’
statement that they consider the annual report is fair, balanced and understandable and provides information necessary
for shareholders to assess the entity’s performance, business model and strategy; or
 the Report from the Audit Committee included in the Corporate Governance Report does not appropriately disclose
those matters that we communicated to the Audit Committee.
The Listing Rules of the Irish Stock Exchange and U.K. Listing Authority require us to review:
 the Directors’ statement, set out on page 27, in relation to going concern;
 the part of the Corporate Governance Statement on page 27 relating to the Company’s compliance with the provisions
of the U.K. Corporate Governance Code and the Irish Corporate Governance Annex specified for our review; and
 certain elements of disclosures in the report to shareholders by the Board of Directors’ remuneration committee.
In addition, the Companies Act 2014 require us to report to you if, in our opinion, the disclosures of directors’ remuneration
and transactions specified by law are not made.
7 Our conclusions on other matters on which we are required to report by the Companies Act 2014 are set out below
We have obtained all the information and explanations which we consider necessary for the purposes of our audit.
In our opinion the accounting records of the Company were sufficient to permit the financial statements to be readily and
properly audited and the financial statements are in agreement with the accounting records.
In our opinion the information given in the Directors’ Report is consistent with the financial statements and the description
in the Corporate Governance Statement of the main features of the internal control and risk management systems in relation
to the process for preparing the Group financial statements is consistent with the Group financial statements.
In addition, we report in relation to information given in the Corporate Governance Statement on pages 13 to 27, that:
 based on knowledge and understanding of the Company and its environment obtained in the course of our audit, no
material misstatements in the information identified above have come to our attention;
 based on the work undertaken in the course of our audit, in our opinion:
– the description of the main features of the internal control and risk management systems in relation to the
process for preparing the Group financial statements, and information relating to voting rights and other
matters required by the European Communities (Takeover Bids (Directive 2004/25/EC)) Regulations 2006 and
specified by the Companies Act 2014 for our consideration, are consistent with the financial statements and
have been prepared in accordance with the Companies Act 2014; and
– the Corporate Governance Statement contains the information required by the Companies Act 2014.