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CORPORATE GOVERNANCE / STATEMENT OF DIRECTORS' RESPONSIBILITY
United Kingdom company law requires the directors to prepare financial
statements for each financial year which give a true and fair view of the
state of affairs of the Company and the Group as at the end of the
financial year and of the profit or loss of the Group for that period.
In preparing those financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- state whether applicable accounting standards have been followed.
The directors are responsible for keeping proper accounting records
which disclose with reasonable accuracy at any time the financial
position of the Company and enable them to ensure that the financial
statements comply with the Companies Act 1985. They are also
responsible for safeguarding the assets of the Company and the Group
and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
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