Unilever 2011 Annual Report Download - page 66

63
AUDITOR’S REPORT UNITED KINGDOM
Independent auditor’s report to the members
of Unilever PLC
We have audited the group financial statements of Unilever Group
for the year ended 31 December 2011 which comprise the
consolidated income statement, consolidated statement of
comprehensive income, consolidated statement of changes in
equity, consolidated balance sheet, consolidated cash flow
statement, and the related notes on pages 64 to 110. The financial
reporting framework that has been applied in their preparation is
applicable law and International Financial Reporting Standards
(IFRSs) as adopted by the European Union.
Respective responsibilities of Directors and auditors
As explained more fully in the Statement of Directors’
responsibilities set out on page 61, 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 parent company’s members as a body in accordance
with Chapter 3 of Part 16 of the Companies Act 2006 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 group 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 group financial
statements. In addition, we read all the financial and non-financial
information in the Annual Report and Accounts 2011 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 December 2011 and of its profit and cash flows for the year
then ended;
• have been properly prepared in accordance with IFRSs as
adopted by the European Union; and
• have been prepared in accordance with the requirements of
the Companies Act 2006 and Article 4 of the lAS Regulation.
Separate opinion in relation to IFRSs as issued by the IASB
As explained in note 1 to the group financial statements, the
Group in addition to complying with its legal obligation to apply
IFRSs as adopted by the European Union, has also applied IFRSs
as issued by the International Accounting Standards Board (IASB).
In our opinion the group financial statements comply with IFRSs
as issued by the IASB.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, the information given in the Directors’ Report set
out on pages 121 and 122 for the financial year for which the group
financial statements are prepared is consistent with the group
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 Act 2006 we are required to report to you if,
in our opinion:
• certain disclosures of Directors’ remuneration specified by law
are not made; or
• 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, set out on page 61, in relation to going
concern;
• the part of the Corporate governance statement relating to the
parent 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 matters
We have reported separately on the parent company financial
statements of Unilever PLC for the year ended 31 December 2011
and on the information in the Directors’ Remuneration Report that
is described as having been audited.
John Baker
(Senior Statutory Auditor)
for and on behalf of PricewaterhouseCoopers LLP
Chartered Accountants and Statutory Auditors
London
28 February 2012
Unilever Annual Report and Accounts 2011
Financial statements