To the members of The Great Universal Stores P.L.C.
We have audited the financial statements included in
this report.
Respective responsibilities of directors and auditors
We report to you our opinion as to whether the
financial statements give a true and fair view and are
properly prepared in accordance with the Companies
Act. We also report to you if, in our opinion, the
directors' report is not consistent with the financial
statements, if the Company has not kept proper
accounting records, if we have not received all the
information and explanations we require for our
audit, or if information specified by law or the
Listing Rules regarding directors' remuneration
and transactions is not disclosed.
We read the other information contained in the
Annual Report and consider the implications for
our report if we become aware of any apparent
misstatements or material inconsistencies with the
financial statements.
We review whether the statement of corporate governance
reflects the Company's compliance with those
provisions of the Combined Code specified for our
review by The London Stock Exchange, and we
report if it does not. We are not required to form an
opinion on the effectiveness of the Group's corporate
governance procedures or its internal controls.
Basis of audit opinion
We planned and performed our audit so as to
obtain all the information and explanations which
we considered necessary in order to provide us
with sufficient evidence to give reasonable
assurance that the financial statements are free
from material misstatement, whether caused by
fraud or other irregularity or error. In forming our
opinion we also evaluated the overall adequacy of
the presentation of information in the financial
statements.
Opinion
PricewaterhouseCoopers
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