REG - Mothercare PLC - Half-year Report <Origin Href="QuoteRef">MTC.L</Origin> - Part 3

MothercareAnnouncement

23/11/2017 07:17

- Part 3: For the preceding part double click  ID:nRSW2915Xb 

success depends on the performance of its key senior management and 
 
the ability to attract and retain high quality and highly skilled personnel. 
 
•     The Group's business is dependent on its ability to source products successfully from its suppliers, most of which
are based outside the UK. The Group relies on its manufacturers, suppliers and distributors to comply with employment,
environmental and other laws. 
 
•    The Group relies on its ability to improve existing products and successfully develop and launch new innovative
products. 
 
•    The Group supplies and sources its products and operates in a number of countries in which bribery and corruption pose
significant risks. 
 
•    Any unauthorised access or disclosure of confidential information stored or obtained by the Group, either by criminal
cyber-attack or a speculative loner, could have a negative effect on its business. 
 
•     The Group's exposure to credit risk is inherent in its trade receivables. The Group has no significant concentration
of credit risk, except with the China joint venture. The Group operates effective credit control procedures in order to
minimise exposure to overdue debts. Before accepting any new credit customer, the Group obtains a credit check from an
external agency to assess the credit quality of the potential customer and then sets credit limits on a customer by
customer basis. 
 
Certain statements in this report are forward looking. Although the Group believes that the expectations reflected in these
statements are reasonable, we can give no assurance that these expectations will prove to have been correct. As these
statements contain risks and uncertainties, actual results may differ from those expressed or implied. We undertake no
obligation to update any forward looking statements whether as a result of new information, future events or otherwise. 
 
Responsibility statement 
 
We confirm that to the best of our knowledge: 
 
(a)       The condensed set of financial statements has been prepared in accordance with IAS 34 
 
"Interim Financial Reporting"; 
 
(b)       The interim management report includes a fair review of the information required by DTR 4.2.7R (indication of
important events during the first 28 weeks of the year and description of principal risks and uncertainties for the
remaining 24 weeks of the year); and 
 
(c)       The interim management report includes a fair review of the information required by DTR 4.2.8R (disclosure of
related party transactions and changes therein). 
 
By order of the Board 
 
Mark Newton-Jones                                Richard Smothers 
 
Chief Executive                                     Chief Financial Officer 
 
22 November 2017 
 
Independent review report to Mothercare plc 
 
We have been engaged by the Company to review the condensed set of financial statements in the half-yearly financial report
for the 28 weeks ended 7 October 2017 which comprises the condensed income statement, the condensed balance sheet, the
condensed statement of changes in equity, the condensed statement of comprehensive income, the condensed cash flow
statement and related notes 1 to 17. 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 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. Our work has been undertaken so that we might state to the Company those matters we are required to state
to it in an independent review 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 formed. 
 
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 Disclosure and Transparency Rules of the
United Kingdom's Financial Conduct Authority. 
 
As disclosed in note 2, the annual financial statements of the Group are prepared in accordance with IFRSs as adopted by
the European Union. The condensed set of financial statements included in this half-yearly financial report has been
prepared in accordance with International Accounting Standard 34 "Interim Financial Reporting" as adopted by the European
Union. 
 
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 United Kingdom. A review of interim financial information consists of making inquiries, 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
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 28 weeks ended 7 October 2017 is not prepared, in all material
respects, in accordance with International Accounting Standard 34 as adopted by the European Union and the Disclosure and
Transparency Rules of the United Kingdom's Financial Conduct Authority. 
 
Deloitte LLP Statutory Auditor London, UK 
 
22 November 2017 
 
Shareholder information 
 
Financial calendar 
 
 2018                                                                       
 Preliminary announcement of results for the 52 weeks ending 24 March 2018  End May       
 Issue of report and accounts                                               Mid-June      
 Annual General Meeting                                                     Mid-July      
 Announcement of interim results for the 28 weeks ended 6 October 2018      End November  
 
 
Registered office and head office 
 
Cherry Tree Road, Watford, Hertfordshire WD24 6SH Telephone 01923 241000 
 
www.mothercareplc.com 
 
Registered number 1950509 
 
Group General Counsel and Company Secretary 
 
Alice Darwell 
 
Registrars 
 
Administrative enquiries concerning shareholders in Mothercare plc for such matters as the loss of a share certificate,
dividend payments or a change of address should be directed, in the first instance, to the registrars: 
 
Equiniti Limited 
 
Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA 
 
Telephone 0371 384 2013 (calls to this number are charged at 8p per minute plus network extras) 
 
Overseas +44 (0)121 415 7042 
 
www.equiniti.com 
 
Share dealing service 
 
A postal share dealing service is available through the Company's registrars for the purchase and sale of Mothercare plc
shares. Further details can be obtained from Equiniti on 0371 384 2030. Online and telephone services are also available
through the Company's registrars - www.shareview.co.uk and 03456 037 037. Lines are open 08:30 to 17:30, Monday to Friday. 
 
The Company's stockbrokers are: 
 
J.P. Morgan Cazenove & Co Limited 
 
25 Bank Street 
 
Canary Wharf, 
 
London E14 5JP 
 
Telephone 020 7742 4000 
 
Numis Securities Limited 
 
The London Stock Exchange Building 
 
10 Paternoster Square 
 
London EC4M 7LT 
 
Telephone 020 7260 1000 
 
ShareGift 
 
Shareholders with a small number of shares, the value of which makes it uneconomic to sell them, may wish to consider
donating them to charity through ShareGift, a registered charity administered by The Orr Mackintosh Foundation. The share
transfer form needed to make a donation may be obtained from the Mothercare plc registrars, Equiniti Limited. 
 
Further information about ShareGift is available from www.sharegift.org or by telephone on 020 7930 3737. 
 
This information is provided by RNS
The company news service from the London Stock Exchange