Dave Forsey Chief Executive 19 July 2012 - Sports Direct International

60 / MANAGEMENT AND GOVERNANCE
Directors’ Responsibilities
and Responsibility Statement
The Directors are responsible for preparing the Annual Report and the Company and
Group financial statements in accordance with applicable law and regulations.
Directors’ responsibilities
Company law requires The Directors to prepare financial statements
for each financial year. Under that law The Directors are required
to prepare the Group financial statements in accordance with
International Financial Reporting Standards as adopted by the
European Union (IFRSs).
The Directors have elected to prepare the Company financial
statements in accordance with United Kingdom Generally Accepted
Accounting Practices (UK GAAP).
In preparing each of the Company and Group financial statements,
The Directors are required to:
• select suitable accounting policies and then apply
them consistently;
• make judgements and estimates that are reasonable
and prudent;
• for the Group financial statements, state whether applicable
IFRSs have been followed, subject to any material departures
disclosed and explained in the financial statement;
• for the Company financial statements, state whether applicable
UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial
statements; and
• prepare the financial statements on the going concern basis
unless it is inappropriate to presume that the Company and
Group will continue in business.
Responsibility statement
To the best of our knowledge:
(a) the 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 of the Company
and of the undertakings included in the consolidation taken as
a whole;
and
(b) the management report includes a fair review of the
development and performance of the business and the position of
the Company and the undertakings included in the consolidation
taken as a whole, together with a description of the principal risks
and uncertainties that they face.
The Directors are responsible for keeping adequate accounting
records that disclose with reasonable accuracy the financial position
of the Company and 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 have general responsibility for
the system of internal control, taking such steps as are reasonably
open to them to safeguard the assets of the Company and the
Group and to prevent and detect fraud and other irregularities.
Under applicable law and regulations, The Directors are also
responsible for preparing a Directors’ Report, Directors’
Remuneration Report and Corporate Governance Report that
comply with that law and those regulations.
In so far as each of The Directors is aware:
• there is no relevant audit information of which the Company’s
auditors are unaware; and
• the Directors have taken all steps that they ought to have
taken to make themselves aware of any relevant audit
information and to establish that the auditors are aware of that
information.
The Directors are responsible for the maintenance and integrity of
the corporate and financial information included on the Company’s
website. Legislation in the UK governing the preparation and
dissemination of financial statements may differ from legislation in
other jurisdictions.
On behalf of the Board
Dave Forsey Bob Mellors
Chief Executive Group Finance Director
19 July 2012