Statement of Directors’ Responsibilities in
Relation to the Group Financial Statements
The Directors are responsible for preparing the Annual Report and the Group Financial Statements in accordance with applicable United Kingdom law
and those International Financial Reporting Standards (IFRS) as adopted by the European Union.
Under Company Law the Directors must not approve the Group Financial Statements unless they are satisfied that they present fairly the financial
position of the Group and the financial performance and cash flows of the Group for that period. In preparing the Group Financial Statements, the
Directors are required to:
• select suitable accounting policies in accordance with IAS 8 ‘Accounting Policies, Change in Accounting Estimates and Errors’ and then apply them
consistently;
• present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;
• provide additional disclosures when compliance with the specific requirements in IFRSs is insufficient to enable users to understand the impact of
particular transactions, other events and conditions on the Group’s financial position and financial performance;
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Directors’ Report and Business Review
• state that the Group has complied with IFRSs, subject to any material departures disclosed and explained in the Financial Statements; and
• make judgements and accounting estimates that are reasonable and prudent.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Group’s transactions and disclose
with reasonable accuracy at any time the financial position of the Group and enable them to ensure that the Financial Statements comply with the
Companies Act 2006 and Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Group and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are also responsible for preparing the Directors‘ Report, the Directors‘ Remuneration Report and the Corporate Governance Report
in accordance with the Companies Act 2006 and applicable regulations, including the requirements of the Listing Rules and the Disclosure and
Transparency Rules.
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