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 they are required to prepare the Group financial statements in
accordance with IFRSs as adopted by the EU and applicable law and
have elected to prepare the Parent Company financial statements on
the same basis.
Under company law the directors must not approve the financial
statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Group and Parent Company and of
their profit or loss for that period. 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;
- State whether they have been prepared in accordance with IFRSs
as adopted by the EU; 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 adequate accounting
records that are sufficient to show and explain the Parent
Company's transactions and 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
Act 2006. They have general responsibility 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 regulations, the directors are also
responsible for preparing a Directors' Report, Directors'
Remuneration Report and Corporate Governance Statement that comply
with that law and those regulations.
The directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
Company's website. Legislation in the UK governing the preparation
and dissemination of financial statements may differ from
legislation in other jurisdictions.
The directors confirm that to the best of their knowledge:
- The financial statements, prepared in accordance with the
applicable set of accounting standards, give a true and fair view
of the assets, liabilities, financial position and profit or loss
of the Company and the undertakings included in the consolidation
taken as a whole; and
- The Directors' Report includes a fair review of the development
and performance of the business and the position of
Old Mutual plc and the undertakings included in the consolidation
taken as a whole, together with a description of the principal
risks and uncertainties that they face.
| Julian Roberts |
Philip Broadley |
| Group Chief Executive |
Group Finance Director |
8 March 2011
