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AstraZeneca Annual Report and Form 20-F Information 2011

AstraZeneca Annual Report and Form 20-F Information 2011

AstraZeneca Annual Report and Form 20-F Information 2011

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Financial StatementsIndependent Auditor’s <strong>Report</strong> to the Members of <strong>AstraZeneca</strong> PLCWe have audited the Parent Company Financial Statements of<strong>AstraZeneca</strong> PLC for the year ended 31 December <strong>20</strong>11 set out onpages 193 to 197. The financial reporting framework that has beenapplied in their preparation is applicable law <strong>and</strong> UK AccountingSt<strong>and</strong>ards (UK Generally Accepted Accounting Practice).This report is made solely to the Company’s members, as a body,in accordance with Chapter 3 of Part 16 of the Companies Act <strong>20</strong>06.Our audit work has been undertaken so that we might state to theCompany’s members those matters we are required to state to themin an auditor’s report <strong>and</strong> for no other purpose. To the fullest extentpermitted by law, we do not accept or assume responsibility to anyoneother than the Company <strong>and</strong> the Company’s members, as a body, forour audit work, for this report, or for the opinions we have formed.Respective responsibilities of directors <strong>and</strong> auditorAs explained more fully in the Preparation of the Financial Statements<strong>and</strong> the Directors’ Responsibilities Statement set out on page 140,the Directors are responsible for the preparation of the ParentCompany Financial Statements <strong>and</strong> for being satisfied that they givea true <strong>and</strong> fair view. Our responsibility is to audit, <strong>and</strong> express anopinion on, the Parent Company Financial Statements in accordancewith applicable law <strong>and</strong> International St<strong>and</strong>ards on Auditing (UK <strong>and</strong>Irel<strong>and</strong>). Those st<strong>and</strong>ards require us to comply with the AuditingPractices Board’s (APB’s) Ethical St<strong>and</strong>ards for Auditors.Scope of the audit of the financial statementsA description of the scope of an audit of financial statements isprovided on the APB’s website, frc.org.uk/apb/scope/private.cfm.Opinion on financial statementsIn our opinion, the Parent Company Financial Statements:> > Give a true <strong>and</strong> fair view of the state of the Company’s affairs as at31 December <strong>20</strong>11.> > Have been properly prepared in accordance with UK GenerallyAccepted Accounting Practice.> > Have been prepared in accordance with the requirements of theCompanies Act <strong>20</strong>06.Opinion on other matters prescribed by theCompanies Act <strong>20</strong>06In our opinion:> > The part of the Directors’ Remuneration <strong>Report</strong> to be audited hasbeen properly prepared in accordance with the Companies Act <strong>20</strong>06.> > The information given in the Directors’ <strong>Report</strong> for the financial yearfor which the financial statements are prepared is consistent withthe Parent Company Financial Statements.Matters on which we are required to report by exceptionWe have nothing to report in respect of the following matters wherethe Companies Act <strong>20</strong>06 requires us to report to you if, in our opinion:> > Adequate accounting records have not been kept by the ParentCompany, or returns adequate for our audit have not been receivedfrom branches not visited by us.> > The Parent Company Financial Statements <strong>and</strong> the part of theDirectors’ Remuneration <strong>Report</strong> to be audited are not in agreementwith the accounting records <strong>and</strong> returns.> > Certain disclosures of Directors’ Remuneration specified by laware not made.> > We have not received all the information <strong>and</strong> explanations we requirefor our audit.Other matterWe have reported separately on the Group Financial Statements of<strong>AstraZeneca</strong> PLC for the year ended 31 December <strong>20</strong>11.Jimmy DabooSenior Statutory AuditorFor <strong>and</strong> on behalf of KPMG Audit Plc, Statutory AuditorChartered Accountants15 Canada Square, London, E14 5GL2 February <strong>20</strong>12192 Financial Statements<strong>AstraZeneca</strong> <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Form</strong> <strong>20</strong>-F <strong>Information</strong> <strong>20</strong>11

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