REG - Halfords Group PLC - Posting of Annual Report and Notice of AGM <Origin Href="QuoteRef">HFD.L</Origin> - Part 2

HalfordsAnnouncement

23/06/2016 14:50

- Part 2: For the preceding part double click  ID:nRSW1211Ca 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         recovery arrangements including a comprehensive backup and patching strategy, and a hotlink secure data centre hosted in a different location. IT recovery processes are  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          tested regularly.We review our IT security processes and risk assessments on an ongoing basis and our IT team has dedicated IT security and continuity experts. We utilise 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          appropriate firewalls, physical and logical system access controls. We have undertaken network penetration testing.                                                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 Dependence on Key Management Personnel                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 The success of the Group's business depends upon its senior management closely supervising all aspects of its business, in particular, the operation of the stores and Autocentres, including the appropriate training of in-store and centre colleagues, and the design, procurement and allocation of merchandise.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Our Remuneration Policy outlined on pages 60 to 62 details the strategies in place to ensure that high calibre executives are attracted and retained. The Group looks to  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          improve its senior manager cadre through operating a talent management process to help individuals achieve their full potential within Halfords and to ensure that        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          appropriate succession plans are in place to meet the future needs of the business. At a junior level, the Group continues to invest in graduate programmes and store and 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          centre colleague training and development.                                                                                                                                
 
 
Directors' Responsibility Statement 
 
The Annual Report and Accounts contains a responsibility statement in the form
set out below. 
 
Directors' responsibilities 
 
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 in accordance with UK Accounting Standards. 
 
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; 
 
·     for the Group financial statements, state whether they have been
prepared in accordance with IFRSs as adopted by the EU; 
 
·     for the parent Company financial statements, state whether applicable UK
Accounting Standards have been followed, subject to any material departures
disclosed and explained in the parent Company financial statements; 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 Strategic Report, Directors' Report, Directors' Remuneration
Report and Corporate Governance Statement that complies 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. 
 
We confirm that to the best of our 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 Annual Report and Accounts include a fair review of the development
and performance of the business and the position of the issuer and the
undertakings included in the consolidation taken as a whole, together with a
description of the principal risks and uncertainties that they face. 
 
We consider the Annual Report and Accounts, taken as a whole, is fair,
balanced and understandable and provides the information necessary for
shareholders to assess the Group's position and performance, business model
and strategy. 
 
Approved by order of the Board. 
 
Dennis Millard 
Chairman
1 June 2016 
 
This information is provided by RNS
The company news service from the London Stock Exchange