RBS 2005 Annual Report Download - page 137
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section
03
Financial
statements
135
Independent auditors’ report to the members of The Royal Bank of Scotland Group plc
Annual Report and Accounts 2005
UK opinion
In our opinion:
•the Group financial statements give a true and fair view, in
accordance with IFRS as adopted for use in the European
Union, of the state of the Group’s affairs as at 31 December
2005 and of its profit and cash flows for the year then
ended;
•the company financial statements give a true and fair view, in
accordance with IFRS as adopted for use in the European
Union as applied in accordance with the requirements of the
Companies Act 1985, of the state of affairs of the company
as at 31 December 2005;
•the financial statements and the part of the directors’
remuneration report described as having been audited have
been properly prepared in accordance with the Companies
Act 1985 and Article 4 of the IAS Regulation.
Separate opinion in relation to IFRS
As explained in the Accounting policies, the Group in addition
to complying with its legal obligation to comply with IFRS as
adopted for use in the European Union, has also complied with
the IFRS as issued by the International Accounting Standards
Board. In our opinion the financial statements give a true and
fair view, in accordance with IFRS, of the state of the Group’s
affairs as at 31 December 2005 and of its profit for the year
then ended.
US opinion
In our opinion, the financial statements present fairly, in all
material respects, the financial position of the Group as at 31
December 2005 and 2004 and the results of its operations and
its cash flows for each of the two years in the period ended 31
December 2005 in conformity with IFRS.
IFRS vary in certain significant respects from accounting
principles generally accepted in the United States of America.
Information relating to the nature and effect of such
differences is presented in Note 46 to the financial statements.
Deloitte & Touche LLP
Chartered Accountants and Registered Auditors
Edinburgh, United Kingdom
27 February 2006