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ELN » Topics » Statement of Directors Responsibilities in Respect of the Annual Report and the Financial Statements

This excerpt taken from the ELN 6-K filed Mar 31, 2008.
Statement of Directors’ Responsibilities in Respect of the Annual Report and the Financial Statements
 
The directors are responsible for preparing the Annual Report and the group and parent company financial statements, in accordance with applicable law and regulations.
 
Company law requires the directors to prepare group and parent company financial statements for each financial year. Under that law, the directors are required to prepare the group financial statements in accordance with IFRS as adopted by the European Union and have elected to prepare the parent company financial statements on the same basis.
 
The financial statements are required by law and IFRS as adopted by the European Union to present fairly the financial position and performance of the group and the company. The Companies Acts 1963 to 2006 provide in relation to such financial statements that references in the relevant part of that Act to financial statements giving a true and fair view are references to their achieving a fair presentation.
 
In preparing each of the group and parent company financial statements, the directors are required to:
 
•  Select suitable accounting policies and then apply them consistently;
 
•  Make judgements and estimates that are reasonable and prudent; and
 
•  Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and the parent company will continue in business.
 
The directors are responsible for keeping proper books of account that disclose with reasonable accuracy at any time the financial position of the parent company and enable them to ensure that its financial statements comply with the Companies Acts 1963 to 2006. They are also responsible for taking such steps as are reasonably open to them to safeguard the assets of the group and to prevent and detect fraud and other irregularities.

Elan Corporation, plc 2007 Annual Report 59

Table of Contents

 
 
Under applicable law and the requirements of the Listing Rules issued by the Irish Stock Exchange, the directors are also responsible for preparing a Directors’ Report and reports relating to directors’ remuneration and corporate governance that comply with that law and those Rules.
 
Legislation in the Republic of Ireland governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
 
This excerpt taken from the ELN 6-K filed Mar 30, 2007.
Statement of Directors’ Responsibilities in Respect of the Annual Report and the Financial Statements
 
The directors are responsible for preparing the Annual Report and the group and parent company financial statements, in accordance with applicable law and regulations.
 
Company law requires the directors to prepare group and parent company financial statements for each financial year. Under that law, the directors are required to prepare the group financial statements in accordance with IFRS as adopted by the EU and have elected to prepare the parent company financial statements on the same basis.
 
The financial statements are required by law and IFRS as adopted by the EU to present fairly the financial position and performance of the group and the company. The Companies Acts 1963 to 2006 provide in relation to such financial statements that references in the relevant part of that Act to financial statements giving a true and fair view are references to their achieving a fair presentation.
 
In preparing each of the group and parent company financial statements, the directors are required to:
 
•  Select suitable accounting policies and then apply them consistently;
 
•  Make judgements and estimates that are reasonable and prudent; and
 
•  Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and the parent company will continue in business.
 
The directors are responsible for keeping proper books of account that disclose with reasonable accuracy at any time the financial position of the parent company and enable them to ensure that its financial statements comply with the Companies Acts 1963 to 2006. They are also responsible for taking such steps as are reasonably open to them to safeguard the assets of the group and to prevent and detect fraud and other irregularities.
 
Under applicable law and the requirements of the Listing Rules issued by the Irish Stock Exchange, the directors are also responsible for preparing a Directors’ Report and reports relating to directors’ remuneration and corporate governance that comply with that law and those Rules.
 
Legislation in the Republic of Ireland governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
 
This excerpt taken from the ELN 6-K filed Mar 31, 2006.
Statement of Directors’ Responsibilities in Respect of the Annual Report and the Financial Statements
The directors are responsible for preparing the Annual Report and the group and parent company financial statements, in accordance with applicable law and regulations.
Company law requires the directors to prepare group and parent company financial statements for each financial year. Under that law, the directors are required to prepare the group financial statements in accordance with IFRS as adopted by the EU and have elected to prepare the parent company financial statements on the same basis.
The financial statements are required by law and IFRS as adopted by the EU to present fairly the financial position and performance of the group and the company; the Companies Acts 1963 to 2005 provide in relation to such financial statements that references in the relevant part of that Act to financial statements giving a true and fair view are references to their achieving a fair presentation.
In preparing each of the group and parent company financial statements, the directors are required to:
• Select suitable accounting policies and then apply them consistently;
 
• Make judgements and estimates that are reasonable and prudent; and
 
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and the parent company will continue in business.
Elan Corporation, plc 2005 Annual Report  63

Table of Contents

The directors are responsible for keeping proper books of account that disclose with reasonable accuracy at any time the financial position of the parent company and enable them to ensure that its financial statements comply with the Companies Acts 1963 to 2005. They are also responsible for taking such steps as are reasonably open to them to safeguard the assets of the group and to prevent and detect fraud and other irregularities.
Under applicable law and the requirements of the Listing Rules issued by the Irish Stock Exchange, the directors are also responsible for preparing a Directors’ Report and reports relating to directors’ remuneration and corporate governance that comply with that law and those Rules.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the group’s website. Legislation in the Republic of Ireland governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

EXCERPTS ON THIS PAGE:

6-K
Mar 31, 2008
6-K
Mar 30, 2007
6-K
Mar 31, 2006

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