REG - ITV PLC - Half Yearly Report <Origin Href="QuoteRef">ITV.L</Origin> - Part 4

ITVAnnouncement

28/07/2015 07:01

- Part 4: For the preceding part double click  ID:nRSb2291Uc 

condensed consolidated statement of cash flows and the
related explanatory notes. We have read the other information contained in the
half-yearly financial report and considered whether it contains any apparent
misstatements or material inconsistencies with the information in the
condensed set of financial statements. 
 
This report is made solely to the Company in accordance with the terms of our
engagement to assist the Company in meeting the requirements of the Disclosure
and Transparency Rules ('the DTR') of the UK's Financial Conduct Authority
('the UK FCA'). Our review has been undertaken so that we might state to the
Company those matters we are required to state to it in this report and for no
other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the Company for our review work,
for this report, or for the conclusions we have reached. 
 
Directors' responsibilities 
 
The half-yearly financial report is the responsibility of, and has been
approved by, the Directors. The Directors are responsible for preparing the
half-yearly financial report in accordance with the DTR of the UK FCA. 
 
As disclosed in note 1, the annual financial statements of the Group are
prepared in accordance with IFRSs as adopted by the EU. The condensed set of
financial statements included in this half-yearly financial report has been
prepared in accordance with IAS 34 'Interim Financial Reporting' as adopted by
the EU. 
 
Our responsibility 
 
Our responsibility is to express to the Company a conclusion on the condensed
set of financial statements in the half-yearly financial report based on our
review. 
 
Scope of review 
 
We conducted our review in accordance with International Standard on Review
Engagements (UK and Ireland) 2410 'Review of Interim Financial Information
Performed by the Independent Auditor of the Entity' issued by the Auditing
Practices Board for use in the UK. A review of interim financial information
consists of making enquiries, primarily of persons responsible for financial
and accounting matters, and applying analytical and other review procedures. A
review is substantially less in scope than an audit conducted in accordance
with International Standards on Auditing (UK and Ireland) and consequently
does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do
not express an audit opinion. 
 
Conclusion 
 
Based on our review, nothing has come to our attention that causes us to
believe that the condensed set of financial statements in the half-yearly
financial report for the six months ended 30 June 2015 is not prepared, in all
material respects, in accordance with IAS 34 as adopted by the EU and the DTR
of the UK FCA. 
 
Mark Summerfield 
 
for and on behalf of KPMG LLP
Chartered Accountants
15 Canada Square
London
E14 5GL 
 
28 July 2015 
 
Notice to Shareholders 
 
Adoption of Financial Reporting Standard (FRS) 101: Reduced Disclosure
Framework 
 
Following the publication of FRS 100 Application of Financial Reporting
Requirements by the Financial Reporting Council, ITV plc is required to change
its accounting framework for its company financial statements, which is
currently UK GAAP, for its financial year commencing 1 January 2015. 
 
The Board considers that it is in the best interests of the Group for ITV plc
to adopt FRS 101 Reduced Disclosure Framework. No disclosures in the current
UK GAAP financial statements would be omitted on adoption of FRS 101. 
 
A shareholder or shareholders holding in aggregate 5% or more of the total
allotted shares in ITV plc may serve objections to the use of the disclosure
exemptions on ITV plc, in writing, to its registered office (The London
Television Centre, Upper Ground, London, SE1 9LT) no later than 30 September
2015. 
 
This information is provided by RNS
The company news service from the London Stock Exchange