annington annual rep 2019-web - Page 43



Statement of directors’ responsibilities
Statement of directors’ responsibilities
STATEMENT OF DIRECTORS’
RESPONSIBILITIES
The directors are responsible for
preparing the Strategic Report, the
Directors’ Report and the financial
statements in accordance with
applicable law and regulations.
Company law requires the directors
to prepare such 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 (“IFRSs”) as
adopted by the European Union and
have also chosen to prepare the parent
company financial statements under
IFRSs as adopted by the EU. 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
Company and of the profit or loss of the
Company for that year.
42 | Annington Limited Annual Report & Accounts 2019
In preparing these financial statements,
International Accounting Standard 1
requires that directors:
properly select and apply accounting
policies;
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 are insufficient
to enable users to understand the
impact of particular transactions,
other events and conditions on the
entity’s financial position and financial
performance; and
make an assessment of the
Company’s ability to continue as a
going concern.
The directors are responsible for keeping
adequate accounting records that
are sufficient to show and explain the
Company’s transactions and disclose
with reasonable accuracy at any time the
financial position of the Company, and
enable them to ensure that the financial
statements comply with the Companies
Act 2006. They are also responsible for
safeguarding the assets of the Company
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
included on the Company’s website.
Legislation in the United Kingdom
governing the preparation and
dissemination of financial statements
may differ from legislation in other
jurisdictions.
Annington Limited Annual Report & Accounts 2019 | 43

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