DEE VALLEY GROUP PLC
The Company announces that copies of the Annual Report and Financial Statements for the year ended 31 March 2014 and the Notice of Annual General Meeting have been posted to shareholders.
Copies of these documents have been submitted to the National Storage Mechanism and are available for inspection at www.morningstar.co.uk/uk/NSM. Electronic copies of these documents are available to view on the Company's website at www.deevalleygroup.com.
The Company further announces that its Annual General Meeting will be held at 3:00pm on
24 July 2014. The meeting will be held at Leverhulme Stand (Ground Floor), Chester Race
Co., The Racecourse, Chester, CH1 2LY.
16 June 2014
Dee Valley Group plc David Strahan - Chief Executive
Tel: 01978 846 946 Andrew Bickerton - Finance Director
Investec Bank plc Jeremy Ellis
Tel: 020 7597 4000 Josh Levy
Unedited extract from Annual Report and Financial Statements for the year ended 31 March
2014
Responsibility statement of the Directors in respect of the 2014 Annual Report and Financial
Statements
The following statement is repeated here solely for the purpose of complying with DTR
6.3.5. This statement relates to the 2014 Annual Report and Financial Statements and is extracted from page 32 of the 2014 Annual Report and Financial Statements and signed for and on behalf of the Board by Mr Graham Scott and Mr David Strahan. Responsibility is for the full 2014 Annual Report and Financial Statements and not the extracted information presented in this announcement or the preliminary results announcement on 11 June 2014.
"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.
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.
Each of the Directors, the names of whom are set out in the Directors' Report on page 30 of
this Annual Report 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 Strategic Report which is set out on pages 6 to 13 of this Annual Report, includes 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; and
the Annual Report and Financial Statements, taken as a whole, are fair, balanced and understandable and provide the information necessary for shareholders to assess the Company's performance, business model and strategy."
The following statement regarding related parties transactions is set out in note 24 of the
2014 Annual Report and Financial Statements. The following is extracted in full and unedited form from the 2014 Annual Report and Financial Statements.
"The Group regards its key management to be the Directors of the Company and their remuneration is shown in the Report of the Remuneration Committee on pages 24 to 29. During the year, the Company received dividends of £2,927,000 (2013: £2,835,000) from Dee Valley plc, one of its subsidiaries."
The remuneration of the key management personnel of the Group is set out below in aggregate for each of the categories specified in IAS 24 "Related Party Disclosures":
Short-term employee benefits: £436,000.
Further details of the Board of Directors' remuneration and pension entitlements can be found in the Report of the Remuneration Committee on pages 24 to 29 of the 2014 Annual Report and Financial Statements.
|
distributed by
|
