REG - Legal & General Grp - Annual Financial Report

Legal & GeneralAnnouncement

16/03/2022 10:00

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RNS Number : 9641E  Legal & General Group Plc  16 March 2022

Legal & general group plc

 

 

ANNUAL FINANCIAL REPORT

 

Further to the release of the Company's Preliminary Results announcement on 9
March 2022, the Company announces that it has today published its Annual
Report & Accounts 2021 (or 'Annual Financial Report'). The Annual
Financial Report is now available on the Company's website at
https://group.legalandgeneral.com/en/investors/results-reports-and-presentations
(https://group.legalandgeneral.com/en/investors/results-reports-and-presentations)
alongside the Full Year Results announcement which can be found at

https://group.legalandgeneral.com/media/xtkba2fg/year-end-2021-press-release-and-results.pdf
(https://group.legalandgeneral.com/media/xtkba2fg/year-end-2021-press-release-and-results.pdf)

 

Printed copies of the 2021 Annual Report and Accounts will be mailed on 14
April 2022 to those shareholders who have previously selected hardcopy as
their communication preference, together with the Company's 2022 Notice of
Annual General Meeting.

 

In accordance with paragraph 9.6.1 of the FCA Listing Rules, a copy of the
Annual Financial Report has been submitted to the National Storage Mechanism
and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

 

 

ADDITIONAL INFORMATION

 

A condensed set of the Company's financial statements, information on
important events that have occurred during the financial year and their impact
on the financial statements and a description of the principal risks and
uncertainties were included in the Preliminary Results announcement released
on 9 March 2022. That information, together with the information set out
below, which is extracted from the Annual Report and Accounts 2021, is
provided in accordance with the Disclosure Guidance and Transparency Rule
6.3.5. This information should be read in conjunction with the Company's
Preliminary Results announcement. This announcement is not a substitute for
reading the full Annual Report and Accounts 2021. Page, notes and section
references below refer to the corresponding pages and/or notes/sections in the
Annual Report and Accounts 2021.

 

Statement of directors' responsibilities

 

The directors are responsible for preparing the Annual Report and Accounts
(group and parent company), including the Directors' report on remuneration
and the 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 the directors
have prepared the group financial statements in accordance with UK-adopted
international accounting standards and applicable law and have elected to
prepare the parent Company financial statements in accordance with UK
accounting standards and applicable law, including FRS 101 Reduced Disclosure
Framework.

 

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 the Company and of the profit or loss of the group
and the Company for that period. In preparing these financial statements, the
directors are required to:

 

-    select suitable accounting policies and then apply them consistently;

 

-    make judgements and estimates that are reasonable, relevant, reliable
and prudent;

 

-    for the group financial statements, state whether they have been
prepared in accordance with UK-adopted international accounting standards;

 

-  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;

 

-    assess the Group and parent Company's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern; and

 

-    use the going concern basis of accounting unless they either intend
to liquidate the group or the parent Company or to cease operations or have no
realistic alternative but to do so.

 

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 are responsible for such internal control as they determine is necessary
to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error, and 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.

Each of the directors who held office at the date this report was approved,
whose names and functions are listed in the Board of directors section,
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.

 

-   the strategic 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.

 

On the advice of the Audit Committee, the Board considers that the annual
report, as a whole, is fair, balanced and understandable, and provides the
information necessary for shareholders to assess the group's position,
performance, business model and strategy.

 

In the case of each director who held office at the date this report was
approved:

(a) so far as the director is aware, there is no relevant audit information of
which the group's and company's auditors are unaware; and

 

(b) they have taken all the steps that they ought to have taken as a director
in order to make themselves aware of any relevant audit information and to
establish that the group's and company's auditors are aware of that
information.

 

 

 Name of person making notification:  Leanne Cornish

                                      Head of Group Secretariat
 Contact number:                      020 3124 4111
 Date of notification:                16 March 2022

 

 

 

 

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