Bring Dreams to Life Fíoraítear Aislingí - National Lottery

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Report of the DirectorsTuarascáil na StiúrthóiríGoing ConcernThe Directors have reviewed the Company’s business plan andother relevant information including the terms of the licencegranted by the Minister for Finance to the Company for theoperation of the National Lottery until 31 December 2011.On that basis, the Directors have a reasonable expectationthat the Company will continue in operational existence forthe foreseeable future. For this reason, the Directors continueto adopt the going concern basis in preparing the financialstatements.Accounting RecordsThe Directors believe that they have complied with therequirements of Section 202 of the Companies Act, 1990with regard to books of account by employing accountingpersonnel with appropriate expertise and by providing adequateresources to the financial function. The books of account of theCompany are maintained at An Post National Lottery CompanyHeadquarters, Lower Abbey Street, Dublin 1.7. AuditorsKPMG, Chartered Accountants, continue in office in accordancewith Section 160(2) of the Companies Act, 1963.Gnóthas LeantachD’athbhreithnigh na Stiúrthóirí plean gnó an Chomhlachta aguseolas ábhartha eile, ina measc an ceadúnas a thug an tAireAirgeadais don Chomhlacht chun an Crannchur Náisiúnta areáchtáil go dtí 31 Nollaig 2011. Ar an mbonn sin, tá ionchasréasúnta ag na Stiúrthóirí go leanfaidh an Comhlacht de bheithag feidhmiú go ceann i bhfad. Ar an gcúis sin, leanann naStiúrthóirí orthu de bheith ag ullmhú na ráiteas airgeadais ar anmbonn gur gnóthas leantach é an Comhlacht.Taifid ChuntasaíochtaCreideann na Stiúrthóirí gur chomhlíon siad riachtanais Alt202 d’Acht na gCuideachtaí, 1990 i dtaca leis na leabhairchuntasaíochta trí fhoireann cuntasaíochta, leis an saineolascuí, a fhostú agus trí dhóthain acmhainní a chur ar fáil do nafeidhmeanna cuntasaíochta. Coinnítear leabhair chuntas inArdoifig Chomhlacht Chrannchur Náisiúnta an Phoist, ag Sráidna Mainistreach Íochtarach, Baile Átha Cliath 1.7. IniúchóiríLeanann KPMG, Cuntasóirí Cairte, orthu in oifig faoi réir Alt160(2) d’Acht na gCuideachtaí, 1963.On behalf of the BoardDonal Connell,Chairman17 February 2009Dermot Griffin,Chief ExecutiveThar ceann an BhoirdDonal Connell,Cathaoirleach17 Feabhra 2009Dermot Griffin,Príomhfheidhmeannach34National Lottery Annual Report 2008
Statement of Directors’ResponsibilitiesRáiteas faoi Fhreagrachtaína StiúrthóiríThe Directors are responsible for preparing the Annual Reportand financial statements in accordance with applicable law andregulations.Company law requires the Directors to prepare financialstatements for each financial year. Under that law, the Directorshave elected to prepare the Company’s financial statementsin accordance with Generally Accepted Accounting Practice inIreland, comprising applicable Irish law and the accountingstandards issued by the UK Accounting Standards Board andpromulgated by the Institute of Chartered Accountants inIreland.The Company’s financial statements are required by law to givea true and fair view of the state of affairs of the Company and ofthe profit or loss of the Company for that period.In preparing those financial statements, the Directors arerequired to:• select suitable accounting policies and then apply themconsistently;• make judgements and estimates that are reasonable andprudent; and• prepare the financial statements on the going concern basisunless it is inappropriate to presume that the Company willcontinue in business.The Directors are responsible for keeping proper books ofaccount which disclose with reasonable accuracy at any timethe financial position of the Company and to enable them toensure that the financial statements comply with the CompaniesActs, 1963 to 2006. They are also responsible for taking suchsteps as are reasonably open to them to safeguard the assetsof the Company and to prevent and detect fraud and otherirregularities.The Directors are also responsible for preparing a Directors’Report that complies with the requirements of the CompaniesActs 1963 to 2006.The Directors are responsible for the maintenance and integrityof the corporate and financial information included on theCompany’s website. Legislation in the Republic of Irelandgoverning the preparation and dissemination of financialstatements may differ from legislation in other jurisdictions.Tá na Stiúrthóirí freagrach as an Tuarascáil Bhliantúil agusna ráitis airgeadais a ullmhú faoi réir dhlíthe agus rialacháininfheidhmithe.Éilíonn dlí chuideachtaí go n-ullmhódh na Stiúrthóirí ráitisairgeadais do gach bliain airgeadais. Shocraigh na Stiúrthóirífaoin dlí sin ráitis airgeadais a ullmhú a bheadh ag teacht leis naCleachtais Chuntasaíochta, a bhfuil gnáth-ghlacadh leo in Éirinn,a chuimsíonn dlí infheidhmthe na hÉireann agus na caighdeáinchuntasaíochta a d’eisigh an UK Accounting Standards Boardagus a d’fhoilsigh Institiúid na gCuntasóirí Cairte in Éirinn.Éilítear faoin dlí go dtabharfadh ráitis airgeadais an Chomhlachtatuairisc fíor agus cothrom ar staid chúrsaí an Chomhlachta agusar bhrabús nó ar chaillteanas an Chomhlachta i rith na tréimhsesin.Mar chuid de ullmhúcháin na ráiteas airgeadais seo, tá sé dedhualgas ar na Stiúrthóirí:• polasaithe cuntasaíochta oiriúnacha a roghnú agus ansin iada chur i gcrích go rialta;• breithiúnais agus meastacháin atá réasúnta agus stuamaa dhéanamh; agus• ráitis airgeadais a ullmhú ar bhonn gnóthas leantachach amháin nuair atá sé neamhoiriúnach a cheapadhgo leanfaidh an Comhlacht ar aghaidh mar ghnó.Tá na Stiúrthóirí freagrach as leabhair chuntais chuí a choinneáilag léiriú go réasúnta beacht ag am ar bith staid airgeadais anChomhlachta agus a thabharfadh seans dóibh a chinntiú gogcomhlíonann na ráitis airgeadais Achtanna na gCuideachtaí,1963 go 2006. Tá siad freagrach i gcoitinne as pé céimeannaatá riachtanach a thógáil chun sócmhainní an Chomhlachta achosaint agus chun aon chalaois nó aon mhírialtacht a thabhairtfaoi deara agus a stopadh.Tá na Stiúrthóirí freagrach chomh maith as Tuarascáil Stiúrthóiría ullmhú a chomhlíonann forálacha Achtanna na gCuideachtaí1963 go 2006.Tá na Stiúrthóirí freagrach chomh maith as cothabháil agus assláine an eolais chorparáide agus airgeadais a chuimsítear arshuíomh gréasáin an Chomhlachta. Is féidir go bhfuil difríochtaíidir reachtaíocht Phoblacht na hÉireann maidir le réiteach agus ledáileadh ráiteas airgeadais agus an reachtaíocht i ndlínsí eile.Review of the YearAthbhreithniú ar an mBliainGovernanceRialachasOn behalf of the BoardDonal Connell,Chairman17 February 2009Thar ceann an BhoirdDonal Connell,Cathaoirleach17 Feabhra 2009Dermot Griffin,Chief ExecutiveDermot Griffin,PríomhfheidhmeannachFinanceAirgeadasTuarascáil Bhliantúil an Chrannchuir Náisiúnta 2008 35
Page 4 and 5: Financial HighlightsBuaicphointí A
Page 6 and 7: A Year ofWinning WaysBliain na mBua
Page 8 and 9: Our GamesÁr gCluichíLottoLotto sa
Page 10 and 11: Review of OperationsAthbhreithniú
Page 12: Review of OperationsAthbhreithniú
Page 17: In September the National Lottery l
Page 24: Review of OperationsAthbhreithniú
Page 27 and 28: ManagementAn BhainistíochtNiamh Mc
Page 29 and 30: Report of the DirectorsTuarascáil
Page 33 and 34: Report of the DirectorsTuarascáil
Page 35: Report of the DirectorsTuarascáil
Page 39 and 40: Report of theIndependent Auditorsto
Page 41 and 42: Statement ofAccounting PoliciesFor
Page 43 and 44: Balance SheetAt 31 December 2008Cl
Page 45 and 46: Notes to theFinancial StatementsFor
Page 51 and 52: Glennon Print FSC Logo options Mixe

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