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Download the document (7.79 MB) - Hillsborough Independent Panel

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Sheffield Wednesday Football Club plc<br />

Auditors’ Report to <strong>the</strong> Members<br />

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We have aud-~ted *,he accounts set out an pages 3 to 10 ~n accordance w~th approved Auditing ~tsndards.<br />

As explained in Note 1, <strong>the</strong> company has not complied with Statement of Standard Accounting Practice No. 12 in th~<br />

no provision has been made for depreciation on <strong>the</strong> freehold sl,~dium,<br />

Except for <strong>the</strong> effects of not depreciating <strong>the</strong> freehold stadium as described in <strong>the</strong> preced’mg paragraph, in OUT opinion,<br />

<strong>the</strong> accounts, which have been prepa~ under <strong>the</strong> historic~J cost convention as modified by <strong>the</strong> revaluation of freehold<br />

land and bu~dJngs, give a true grid f~r View of <strong>the</strong> state of affairs of <strong>the</strong> company at 31st May’. 1987 and of <strong>the</strong> profit<br />

and source and =Ipplic~tJon of funds for <strong>the</strong> year <strong>the</strong>n ended, and comply with <strong>the</strong> Companies Act 1985.<br />

ARTHUR ANDE~S~-N & CO,<br />

Chartered Accountants<br />

Leeds.<br />

27th August, 1987<br />

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