Annual Report 2012 - National Savings Bank

81ROOTED IN OUR HERITAGEGOVERNANCE REPORT3 (8) Disclosures(a) A statement to the effect that the AnnualAudited Financial Statements have been preparedin line with applicable accounting standards andregulatory requirements, inclusive of specicdisclosures.(b) A report by the Board on the Bank’s internalcontrol mechanism that conrms that the nancialreporting system has been designed to providereasonable assurance regarding the reliability ofnancial reporting, and that the preparation ofFinancial Statements for external purposes hasbeen done in accordance with relevant accountingprinciples and regulatory requirements.(c) The External Auditor’s certication on theeffectiveness of the internal control mechanismreferred to in Direction 3 (8) (ii) (b) above, in respectof any statements prepared or published after 31stDecember 2008.Refer page 185 on Annual Report of Board of Directors.Complied withRefer page 185 on Annual Report of Board of Directors.Refer Directors’ Statement on Internal Control onpage 197.Complied withRefer Independent Assurance Report on page 200.Complied with(d) Details of directors:Proles of the Directors are given on page 86.including names, tness and propriety,Refer Note 39 to the Financial Statements on page 242.(ii) transactions with the Bank, andComplied with(iii) the total of fees/remuneration paid by the Bank.(e) Total net accommodation as dened in 3 (7) The net accommodations granted as a percentage of(iii) granted to each category of related parties. Bank’s regulatory capital are given in Note 39 (d) to theThe net accommodation granted to each category Financial Statements on page 243.of related parties shall also be disclosed as a Complied withpercentage of the Bank’s regulatory capital.(f) The aggregate values of remuneration paid bythe Bank to its Key Management Personnel and theaggregate values of the transactions of the Bankwith its Key Management Personnel, set out bybroad categories such as remuneration.Details are given in Note 39 (c) to the FinancialStatements on page 242.Complied withNATIONAL SAVINGS BANK . ANNUAL REPORT 2012