Operations Review Directors and Other Information Report of the Directors Statement of Directors' Responsibilities Report of the Auditors Principal Accounting Policies Profit and Loss Account Balance Sheet Cash Flow Statement Notes to the Financial Statements
  1. PAYROLL AND RELATED COSTS
  2. (A) MATERIALS AND SERVICES (B) EXCEPTIONAL ITEM
  3. DEPRECIATION AND LOSS ON DISPOSAL OF TANGIBLE ASSETS
  4. TANGIBLE FIXED ASSETS
  5. STOCKS
  6. DEBTORS
  7. CREDITORS
  8. PROVISIONS FOR LIABILITIES AND CHARGES
  9. DEFERRED INCOME
  10. SHARE CAPITAL
  11. ASSET REPLACEMENT RESERVE
  12. RECONCILIATION OF MOVEMENT IN SHAREHOLDERS’ FUNDS
  13. CASH FLOW STATEMENT
  14. OPERATING LEASE OBLIGATIONS
  15. PENSIONS
  16. CAPITAL COMMITMENTS
  17. CONTINGENT LIABILITIES
  18. NET SURPLUS/DEFICIT BY ACTIVITY
  19. RELATED PARTIES
  20. PUBLIC SERVICE OBLIGATION PAYMENT
  21. MEMBERSHIP OF CÓRAS IOMPAIR ÉIREANN GROUP
  22. APPROVAL OF FINANCIAL STATEMENTS

Statement of Directors’ Responsibilities

Irish company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit for that year.

In preparing those financial statements the directors are required to:

  • select suitable accounting policies and 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 company will continue in business.

The directors are responsible for keeping proper books of account which disclose with reasonable accuracy at any time the financial position of the company, and enable them to ensure that the financial statements are prepared in accordance with accounting standards generally accepted in Ireland and comply with the Irish Companies Acts, 1963 to 2009. They are also responsible for safeguarding the assets of the company and hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.