Full-year - Chime Communications PLC

Independent auditors’ report to the members of Chime Communications plcIndependent auditors’ report to the members ofChime Communications plcWe have audited the Group financialstatements of Chime Communications plc forthe year ended 31 December 2008 whichcomprise the consolidated income statement,the consolidated statement of recognisedincome and expense, the consolidatedbalance sheet and the consolidated cash flowstatement and the related notes 1 to 43.These Group financial statements have beenprepared under the accounting policies set outtherein. We have also audited the informationin the Directors’ Remuneration Report that isdescribed as having been audited.We have reported separately on the parentcompany financial statements of ChimeCommunications plc for the year ended 31December 2008.This report is made solely to the Company’smembers, as a body, in accordance withsection 235 of the Companies Act 1985. Ouraudit work has been undertaken so that wemight state to the Company’s members thosematters we are required to state to them inan auditors’ report and for no other purpose.To the fullest extent permitted by law, we donot accept or assume responsibility to anyoneother than the Company and the Company’smembers as a body, for our audit work, forthis report, or for the opinions we have formed.Respective responsibilities of directorsand auditorsThe Directors’ responsibilities for preparing theAnnual Report, the Directors’ RemunerationReport and the Group financial statementsin accordance with applicable law andInternational Financial Reporting Standards(IFRSs) as adopted by the European Unionare set out in the Statement of Directors’Responsibilities.Our responsibility is to audit the Group financialstatements in accordance with relevant legaland regulatory requirements and InternationalStandards on Auditing (UK and Ireland).We report to you our opinion as to whetherthe Group financial statements give a true andfair view, whether the Group financialstatements have been properly prepared inaccordance with the Companies Act 1985 andArticle 4 of the IAS Regulation and whetherthe part of the Directors’ remuneration reportdescribed as having been audited has beenproperly prepared in accordance with theCompanies Act 1985. We also report to youwhether in our opinion the information given inthe Directors’ Report is consistent with theGroup financial statements.In addition we report to you if, in our opinion,we have not received all the information andexplanations we require for our audit, or ifinformation specified by law regardingdirector’s remuneration and other transactionsis not disclosed.We review whether the Corporate GovernanceStatement reflects the Company’s compliancewith the nine provisions of the 2006 CombinedCode specified for our review by the ListingRules of the Financial Services Authority, andwe report if it does not. We are not required toconsider whether the Board’s statements oninternal control cover all risks and controls, orform an opinion on the effectiveness of theGroup’s corporate governance procedures orits risk and control procedures.We read the other information contained in theAnnual Report as described in the contentssection and consider whether it is consistentwith the audited Group financial statements.We consider the implications for our reportif we become aware of any apparentmisstatements or material inconsistencieswith the Group financial statements. Ourresponsibilities do not extend to any furtherinformation outside the Annual Report.Basis of audit opinionWe conducted our audit in accordance withInternational Standards on Auditing (UK andIreland) issued by the Auditing PracticesBoard. An audit includes examination, on atest basis, of evidence relevant to the amountsand disclosures in the Group financialstatements and the part of the Directors’Remuneration Report to be audited. It alsoincludes an assessment of the significantestimates and judgements made by theDirectors in the preparation of the Groupfinancial statements, and of whether theaccounting policies are appropriate to theGroup’s circumstances, consistently appliedand adequately disclosed.We planned and performed our audit so as toobtain all the information and explanationswhich we considered necessary in order toprovide us with sufficient evidence to givereasonable assurance that the Group financialstatements and the part of the Directors’Remuneration Report to be audited are freefrom material misstatement, whether causedby fraud or other irregularity or error. In formingour opinion we also evaluated the overalladequacy of the presentation of informationin the Group financial statements and thepart of the Directors’ Remuneration Reportto be audited.OpinionIn our opinion:• the Group financial statements give a trueand fair view, in accordance with IFRSsas adopted by the European Union,of the state of the Group’s affairs as at31 December 2008 and of its profit for theyear then ended;• the Group financial statements have beenproperly prepared in accordance with theCompanies Act 1985 and Article 4 of theIAS Regulation;• the part of the Directors’ remunerationreport described as having been auditedhas been properly prepared in accordancewith the Companies Act 1985; and• the information given in the Directors’Report is consistent with the Groupfinancial statements.Deloitte LLPChartered Accountantsand Registered AuditorsLondon, United Kingdom11 March 2009Annual Report & Accounts 2008 49