The directors take responsibility for ensuring that the financial statements accurately and fairly represent the state of affairs of the company and of the group at the end of the financial year and the profits and losses for the year. The directors are also responsible for the accuracy and consistency of other information included in the financial statements.
To enable the directors to meet these responsibilities:
• The group and company financial statements are prepared by management; opinions are obtained from the external auditors of the companies.
• The board is advised by the audit committee, comprising only non-executive directors, the committee meets regularly with the auditors, and the management of the group to ensure that adequate internal controls are maintained, and that the financial information complies with International Financial Reporting Standards. The internal auditors and the external auditors of the companies have unrestricted access to these committees.