UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 114
Based on this assessment the
directors have a reasonable
expectation that the Group will
be able to continue in operation
and meet its liabilities as they fall
due over the three-year period of
their assessment.
Directors’ Responsibility Statement
Each of the directors whose names
and functions are set out in the Board
section of this Annual Report confirm
their responsibility for preparing the
Annual Report and the consolidated
and Company financial statements in
accordance with applicable Irish law
and regulations.
Company law in Ireland requires
the directors to prepare financial
statements for each financial year.
Under that law the directors have to
prepare the consolidated financial
statements in accordance with
International Financial Reporting
Standards (IFRSs) as adopted by the
European Union (EU). The directors
have elected to prepare the Company
financial statements in accordance
with IFRSs as adopted by the EU
and as applied by the Companies
Act 2014. The financial statements
are required by law to give a true
and fair view of the assets, liabilities
and financial position of the Group
and Company and of the profit or
loss of the Group for that period. In
preparing those financial statements,
the directors are required to:
g select suitable accounting policies
and then apply them consistently;
g make judgements and estimates
that are reasonable and prudent;
g state whether applicable IFRSs
have been followed, subject to
any material departures disclosed
and explained in the financial
statements; and
g prepare the financial statements
on the going concern basis unless
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it is inappropriate to presume
that the Company, and the
Group as a whole, will continue
in business.
The directors are responsible for
keeping accounting records which
disclose with reasonable accuracy
at any time the financial position of
the Group and the Company and
which enable them to ensure that the
financial statements comply with the
Companies Act 2014 and Article 4 of
the IAS Regulation.
They are 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 responsible for the
maintenance and integrity of the
corporate and financial information
on the Company’s website. Legislation
in the Republic of Ireland governing
the preparation and dissemination of
financial statements may differ from
legislation in other jurisdictions.
In accordance with Transparency
(Directive 2004/109/EC) Regulations
2007 and the Transparency Rules
of the Financial Regulator, the
directors confirm that to the best
of their knowledge:
g the Group financial statements
and the Company financial
statements, prepared in
accordance with the applicable
set of accounting standards, give
a true and fair view of the assets,
liabilities, financial position and
profit or loss of the Group and
Company; and
g the Report of the Directors
includes a fair review of the
development and performance of
the business and the position of
the Group and Company, together
with a description of the principal
risks and uncertainties that
they face.
They are also satisfied in compliance
with Provision 27 of the 2018 UK
Corporate Governance Code:
g that the Annual Report and
financial statements, taken as
a whole, is fair, balanced and
understandable and provides
the information necessary for
shareholders to assess the
Group’s position, business model
and strategy.
Directors’ Compliance Statement
The directors acknowledge that
they are responsible for securing
the Company’s compliance with its
relevant obligations in accordance
with Section 225(2)(a) of the
Companies Act 2014 (the “Act”)
(described below as the “Relevant
Obligations”).
In accordance with Section 225 (2)(b)
of the Act, the directors confirm that
they have:
1. drawn up a Compliance Policy
Statement setting out the
Company’s policies (that are,
in the opinion of the directors,
appropriate to the Company)
in respect of the compliance by
the Company with its Relevant
Obligations;
2. put in place appropriate
arrangements or structures that,
in the opinion of the directors,
provide a reasonable assurance of
compliance in all material respects
with the Company’s Relevant
Obligations; and
3. during the financial year to which
this report relates, conducted a
review of the arrangements or
structures that the directors have
put in place to ensure material
compliance with the Company’s
Relevant Obligations.
