Enterprise Inns plc Annual Report and Accounts 2012

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Risks and Uncertainties Risks and uncertainties Mitigation processes Regulatory (continued) Licensing and other regulatory factors There is a risk that changes to the regulations relating to the sale of alcohol could have an impact on the Group’s business and the ability of our Publicans to operate their pubs. These risks include changes to licensing legislation and increases to alcohol duties imposed by the Government and the impact of social responsibility issues on the industry in general. Litigation The Group operates in a heavily regulated industry and may be involved in legal or statutory proceedings in relation to our Publicans. The impact of such litigation may be immaterial in value but may result in harm to the Group’s reputation. • The Group works closely with Local Authorities as necessary to ensure licensing requirements are dealt with whenever appropriate. • The Group is a member of a number of trade bodies and associations, is a contributor to the Drinkaware Trust, and works closely with these organisations to promote responsible drinking practices. Further details can be found in the Corporate Social Responsibility section of our website at enterpriseinns.com. • The Group employs a legal services manager and other in-house specialists to ensure we comply with legislation and to manage any litigation with our Publicans. • The Group will work with Local Authorities as necessary whenever any statutory issues are raised in relation to its pub estate. • Where appropriate, the Group takes legal proceedings against Publicans to ensure compliance with their agreements. Annual Report 2012 Our Governance Health and safety A health and safety incident could result in a serious injury to the Group’s employees, Publicans or their customers. • The Group has policies and procedures in place to ensure compliance with Health and Safety regulations and such systems are regularly reviewed with training provided as appropriate. • The Group employs a health and safety manager to identify and remedy specific risks and to ensure employees are aware of regulatory requirements. The health and safety manager reports to the Board periodically. • The Group operates Health and Safety Committees which meet regularly to consider all aspects of health and safety and ensure policies, procedures and working practices are suitable and sufficient to control risk within the Group. • The group operates a Primary Authority Agreement with Westminster City Council. The purpose of this agreement is to ensure all policies and procedures provide suitable control over risks and therefore ensure the Group remains legally compliant. 22
Statement of Directors’ Responsibilities in Relation to the Group and Company Financial Statements The directors are responsible for preparing the Annual Report, the Directors’ Remuneration Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the Group and Company financial statements in accordance with International Financial Reporting Standards (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 Group and the Company and of the profit or loss of the Group and Company for that period. In preparing these financial statements, the directors are required to: • select suitable accounting policies and then apply them consistently; • make judgements and accounting estimates that are reasonable and prudent; • state whether applicable IFRSs as adopted by the EU 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 will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s and the Group’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements and the Directors’ Remuneration Report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are also responsible for preparing the Directors’ Report (including the Corporate Governance Report), Directors’ Remuneration Report in accordance with the Companies Act 2006 and applicable regulations, including the Listing Rules and the Disclosure and Transparency Rules. The directors are responsible for the maintenance and integrity of the Company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Each of the directors, whose names and functions are disclosed on pages 24 and 25, confirm that, to the best of their knowledge: • the Group financial statements, which have been prepared in accordance with IFRSs as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit of the Group; and • the Chief Executive’s Review contained in this report includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces. On behalf of the Board Our Governance G E Tuppen Chief Executive 19 November 2012 N R Smith Chief Financial Officer 19 November 2012 Annual Report 2012 23
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Enterprise Inns plc Annual Report and Accounts 2012

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