Directors' Responsibilities
The Directors are responsible for preparing the Annual Report, the Group and the parent Company financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the Group financial statements in accordance with International Financial Reporting Standards as adopted by the European Union, and the Company financial statements have been prepared in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Group and Company financial statements are required by law to give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period. The Directors are required to prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Group will continue in business.
The Directors confirm that suitable accounting policies have been used and applied consistently throughout the year. They confirm that reasonable and prudent judgements and estimates have been made in preparing the financial statements for the year ended 31 December 2007 and that applicable accounting standards have been followed. The financial statements have been prepared on the going concern basis.
The Directors are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the Company and the Group enabling them to ensure that the Group financial statements comply with the Companies Act 1985 and Article 4 of the International Accounting Standards Regulation and that the Company 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.
The maintenance and integrity of the corporate and financial information included on the Group web site is the responsibility of the Directors. The work carried out by the auditors does not involve consideration of these matters and accordingly the auditors accept no responsibility for any changes that may have been made to the financial statements since they were initially presented.
Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This information is being disclosed for the purposes of rule 26 of the AIM Rules for Companies. The information on this page was last updated on 4 July 2008. |
