RWS Annual Report 2022 web - Flipbook - Page 95
Statement of Directors’
responsibilities in respect of
the financial statements
The Directors are responsible for preparing
the annual report and the financial
statements in accordance with applicable
United Kingdom 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 UK-adopted international
accounting standards (“IFRSs”), and the Parent Company
financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable law), including Financial
Reporting Standard 101 Reduced Disclosure Framework
(“FRS 101”). Under company law the Directors must not
approve the financial statements unless they are satisfied
that they give a true and fair view of the state of affairs of the
Group and the Parent Company and of the profit or loss of
the Group and the Parent Company for that period.
In preparing these financial statements the Directors are
required to:
•
Select suitable accounting policies in accordance with
IAS 8 Accounting Policies, Changes in Accounting
Estimates and Errors and then apply them consistently.
The Directors are responsible for keeping adequate
accounting records that are sufficient to show and explain
the Parent Company’s and Group’s transactions and
disclose with reasonable accuracy at any time the financial
position of the Parent Company and the Group and enable
them to ensure that the Parent Company and the Group
financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets
of the Group and Parent Company and hence for taking
reasonable steps for the prevention and detection of
fraud and other irregularities.
Under applicable law and regulations, the Directors
are also responsible for preparing a strategic report,
Directors’ report, Directors’ remuneration report and
corporate governance statement that each comply with
the relevant law and regulations.
The Directors are responsible for the maintenance and
integrity of the corporate and financial information
included on the Company’s website.
DIRECTORS’ RESPONSIBILITY STATEMENT
The Directors confirm, to the best of their knowledge:
•
That the consolidated financial statements, prepared
in accordance with UK-adopted international
accounting standards, give a true and fair view of the
assets, liabilities, financial position and profit of the
Parent Company and undertakings included in the
consolidation taken as a whole;
•
Make judgements and accounting estimates that are
reasonable and prudent.
•
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 and in respect of
the Parent Company financial statements, FRS 101 is
insufficient to enable users to understand the impact of
particular transactions, other events and conditions on
the Group and Parent Company financial position and
financial performance.
•
That the annual report, including the strategic
report, includes a fair review of the development
and performance of the business and the position of
the Parent Company and undertakings included in
the consolidation taken as a whole, together with a
description of the principal risks and uncertainties that
they face; and
•
In respect of the Group financial statements, state
whether UK-adopted international accounting standards
have been followed, subject to any material departures
disclosed and explained in the financial statements.
•
•
In respect of the Parent Company financial statements,
state whether applicable UK Accounting Standards,
including FRS 101, have been followed, subject to any
material departures disclosed and explained in the
financial statements.
That they consider the annual report, taken as a whole,
is fair, balanced and understandable and provides the
information necessary for shareholders to assess the
Parent Company’s position, performance, business
model and strategy.
On behalf of the Board
Prepare the financial statements on the going concern
basis unless it is inappropriate to presume that the Parent
Company and/ or the Group will continue in business.
14 December 2022
•
Ian El-Mokadem
CHIEF EXECUTIVE OFFICER
GOVERNANCE REPORT
RWS — Annual Report 2022
95
