Independent Auditors’ <strong>Report</strong>to the members of Jardine Lloyd Thompson Group plcWe have audited the parent company financial statements ofJardine Lloyd Thompson Group plc for the year ended 31stDecember 2005 which comprise the Balance Sheet,Reconciliation of Movement in Shareholders’ Funds and therelated notes. These Parent Company financial statementshave been prepared under the accounting policies set outtherein. We have also audited the information in the Directors’Remuneration <strong>Report</strong> that is described as having been audited.We have reported separately on the Group financial statementsof Jardine Lloyd Thompson Group plc for the year ended 31stDecember 2005.Respective responsibilities of directors and auditorsThe directors’ responsibilities for preparing the Annual <strong>Report</strong>,the Directors’ Remuneration <strong>Report</strong> and the parent companyfinancial statements in accordance with applicable law andUnited Kingdom Accounting Standards (United KingdomGenerally Accepted Accounting Practice) are set out in theStatement of Directors’ Responsibilities.Our responsibility is to audit the Parent Company financialstatements and the part of the Directors’ Remuneration <strong>Report</strong>to be audited in accordance with relevant legal and regulatoryrequirements and International Standards on Auditing (UK andIreland). This report, including the opinion, has been preparedfor and only for the company’s members as a body inaccordance with Section 235 of the Companies Act 1985 andfor no other purpose. We do not, in giving this opinion, acceptor assume responsibility for any other purpose or to any otherperson to whom this report is shown or into whose hands itmay come save where expressly agreed by our prior consentin writing.We report to you our opinion as to whether the parentcompany financial statements give a true and fair view andwhether the Parent Company financial statements and the partof the Directors’ Remuneration <strong>Report</strong> to be audited have beenproperly prepared in accordance with the Companies Act1985. We also report to you if, in our opinion, the Directors’<strong>Report</strong> is not consistent with the parent company financialstatements, if the company has not kept proper accountingrecords, if we have not received all the information andexplanations we require for our audit, or if information specifiedby law regarding directors’ remuneration and other transactionsis not disclosed.We read other information contained in the Annual <strong>Report</strong> andconsider whether it is consistent with the audited parentcompany financial statements. The other information comprisesonly the Chairman’s Statement, Chief Executive’s Statement,Operational Review, Financial Review, Directors’ <strong>Report</strong>, andthe unaudited parts of the Directors’ Remuneration <strong>Report</strong>.We consider the implications for our report if we become awareof any apparent misstatements or material inconsistencies withthe parent company financial statements. Our responsibilitiesdo not extend to any other information.Basis of audit opinionWe conducted our audit in accordance with InternationalStandards on Auditing (UK and Ireland) issued by the AuditingPractices Board. An audit includes examination, on a testbasis, of evidence relevant to the amounts and disclosures inthe parent company financial statements and the part of theDirectors’ Remuneration <strong>Report</strong> to be audited. It also includesan assessment of the significant estimates and judgmentsmade by the directors in the preparation of the parent companyfinancial statements, and of whether the accounting policiesare appropriate to the Company’s circumstances, consistentlyapplied and adequately disclosed.We planned and performed our audit so as to obtain all theinformation and explanations which we considered necessaryin order to provide us with sufficient evidence to givereasonable assurance that the parent company financialstatements and the part of the Directors’ Remuneration <strong>Report</strong>to be audited are free from material misstatement, whethercaused by fraud or other irregularity or error. In forming ouropinion we also evaluated the overall adequacy of thepresentation of information in the Parent Company financialstatements and the part of the Directors’ Remuneration <strong>Report</strong>to be audited.OpinionIn our opinion:• the Parent Company financial statements give a true andfair view, in accordance with United Kingdom GenerallyAccepted Accounting Practice, of the state of theCompany’s affairs as at 31st December 2005; and• the Parent Company financial statements and the partof the Directors’ Remuneration <strong>Report</strong> to be audited havebeen properly prepared in accordance with the CompaniesAct 1985.PricewaterhouseCoopers LLPChartered Accountants and Registered Auditors,London21st March 2006Notes:a) The maintenance and integrity of the Jardine Lloyd Thompson Group plcwebsite is the responsibility of the directors; the work carried out by theauditors does not involve consideration of these matters and, accordingly,the auditors accept no responsibility for any changes that may haveoccurred to the financial statements since they were initially presented onthe website.b) Legislation in the United Kingdom governing the preparation anddissemination of financial statements may differ from legislation in otherjurisdictions.Company <strong>Accounts</strong> Jardine Lloyd Thompson Group plc Annual <strong>Report</strong> & <strong>Accounts</strong> 2005105
Financial StatementsBalance SheetAs at 31st December 2005Restated2005 2004Notes £'000 £'000106Fixed assetsInvestment in subsidiary undertakings d 66,024 27,206Investment in associate undertakings d 242 24266,266 27,448Current assetsDebtors e 433,872 317,433Cash 2,472 2,533436,344 319,966Creditors - amounts falling due within one year f (318,106) (310,855)Net current assets 118,238 9,111Total assets less current liabilities 184,504 36,559Creditors - amounts falling due after more than one year g (54,406) -130,098 36,559Capital and reservesOrdinary shares h 10,615 10,100Share premium j 73,370 33,628Merger reserve j 9,604 9,604Profit and loss account j 36,509 (16,773)Shareholders funds 130,098 36,559Notes on pages 109 to 110 form an integral part of these financial statements.Approved by the Board on 21st March 2006 and signed on its behalf by:G W Stuart-ClarkeFinance DirectorJardine Lloyd Thompson Group plc Annual <strong>Report</strong> & <strong>Accounts</strong> 2005
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