RBS 2013 Annual Report Download - page 101
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Statement of directors’ responsibilities
99
This statement should be read in conjunction with the responsibilities of the auditor set out in their report on pages 366 to 369.
The directors are responsible for the preparation of the Annual Report and Accounts. The directors are required by Article 4 of the IAS Regulation
(European Commission Regulation No 1606/2002) to prepare Group accounts, and as permitted by the Companies Act 2006 have elected to prepare
company accounts, for each financial year in accordance with International Financial Reporting Standards as adopted by the European Union. They are
responsible for preparing accounts that present fairly the financial position, financial performance and cash flows of the Group and the company. In
preparing those accounts, the directors are required to:
• select suitable accounting policies and then apply them consistently;
• make judgements and estimates that are reasonable and prudent; and
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the
Group and to enable them to ensure that the Annual Report and Accounts complies with the Companies Act 2006. They are also responsible for
safeguarding the assets of the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors confirm that to the best of their knowledge:
• the financial statements, prepared in accordance with International Financial Reporting 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 Strategic Report and Directors’ report (incorporating the Business review) include a fair review of the development and performance of the
business and the position of the company and the undertakings included in the consolidation taken as a whole, together with a description of the
principal risks and uncertainties that they face.
In addition, the directors are of the opinion that the Annual Report and Accounts, taken as a whole, is fair, balanced and understandable and provides
the information necessary for shareholders to assess the company’s performance, business model and strategy.
By order of the Board
Philip Hampton Ross McEwan Nathan Bostock
Chairman Group Chief Executive Group Finance Director
26 February 2014
Board of directors
Chairman Executive directors Non-executive directors
Philip Hampton Ross McEwan
Nathan Bostock
Sandy Crombie
Alison Davis
Tony Di Iorio
Robert Gillespie
Penny Hughes
Brendan Nelson
Baroness Noakes
Philip Scott