2568.11 kb - Compass Group

85 Compass Group PLC Annual Report 2007Independent auditors’ report to the members of Compass Group PLCIntroductionWe have audited the parent company financialstatements of Compass Group PLC for theyear ended 30 September 2007 whichcomprise the parent company balance sheet,accounting policies and the related notes 1 to 9.These parent company financial statementshave been prepared under the accountingpolicies set out therein.We have reported separately on the Groupfinancial statements of Compass Group PLCfor the year ended 30 September 2007 andon the information in the Directors’remuneration report that is described ashaving been audited.This report is made solely to the Company’smembers, as a body, in accordance withsection 235 of the Companies Act 1985.Our audit work has been undertaken so thatwe might state to the Company’s membersthose matters we are required to state to themin an auditors’ report and for no otherpurpose. To the fullest extent permitted bylaw, we do not accept or assume responsibilityto anyone other than the Company and theCompany’s members as a body, for our auditwork, for this report, or for the opinions wehave formed.Respective responsibilities of directorsand auditorsThe directors’ responsibilities for preparingthe Annual Report, the Directors’remuneration report and the parent companyfinancial statements in accordance withapplicable law and United KingdomAccounting Standards (United KingdomGenerally Accepted Accounting Practice)are set out in the statement of directors’responsibilities.Our responsibility is to audit the parentcompany financial statements and the partof the Directors’ remuneration report to beaudited in accordance with relevant legal andregulatory requirements and InternationalStandards on Auditing (UK and Ireland).We report to you our opinion as to whetherthe parent company financial statements givea true and fair view and whether the parentcompany financial statements have beenproperly prepared in accordance with theCompanies Act 1985. We also report to youwhether in our opinion the Directors’ Reportis consistent with the parent companyfinancial statements.In addition we report to you if, in our opinion,the Company has not kept proper accountingrecords, if we have not received all theinformation and explanations we require forour audit, or if information specified by lawregarding directors’ remuneration and othertransactions is not disclosed.We read the other information containedin the Annual Report as described in thecontents section and consider whether it isconsistent with the audited parent companyfinancial statements. We consider theimplications for our report if we becomeaware of any apparent misstatements ormaterial inconsistencies with the parentcompany 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 parent companyfinancial statements. It also includes anassessment of the significant estimates andjudgements made by the directors in thepreparation of the parent company financialstatements, and of whether the accountingpolicies are appropriate to the Company’scircumstances, consistently applied andadequately 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 parentcompany financial statements are free frommaterial misstatement, whether caused byfraud or other irregularity or error. In formingour opinion we also evaluated the overalladequacy of the presentation of informationin the parent company financial statements.OpinionIn our opinion:the parent company financial statementsgive a true and fair view, in accordance withUnited Kingdom Generally AcceptedAccounting Practice, of the state of theCompany’s affairs as at 30 September 2007;the parent company financial statementshave been properly prepared in accordancewith the Companies Act 1985; andthe information given in the Directors’Report is consistent with the parentcompany financial statements.Deloitte & Touche LLPChartered Accountants and Registered AuditorsLondon28 November 2007