REG - Porvair PLC - Interim Results <Origin Href="QuoteRef">PORV.L</Origin> - Part 2

PorvairAnnouncement

16/07/2015 12:59

- Part 2: For the preceding part double click  ID:nRSc4377Ra 

consolidated financial information and the
comparative figures does not constitute full accounts within the meaning of
Section 434 of the Companies Act 2006. Statutory accounts for the year ended
30 November 2014, which include an unqualified audit report, no emphasis of
matter paragraph and no statements under sections 498(2) or (3) of the
Companies Act 2006, have been delivered to the Registrar of Companies. 
 
The condensed half-yearly consolidated financial information does not include
all financial risk management information and disclosures required in the
annual financial statements; it should be read in conjunction with the Group's
annual financial statements for the year ended 30 November 2014.  There have
been no changes in any risk management policies since the year end. 
 
This report will be available at Porvair plc's registered office at 7 Regis
Place, Bergen Way, King's Lynn, PE30 2JN and on the Company's website
www.porvair.com. 
 
Statement of directors' responsibilities 
 
The Directors confirm that this condensed half-yearly consolidated financial
information has been prepared in accordance with IAS 34 as adopted by the
European Union and that the interim management report herein includes a fair
review of the information required by DTR 4.2.7 and DTR 4.2.8, namely: 
 
§  an indication of important events that have occurred during the first six
months of the year, their impact on the condensed half-yearly consolidated
financial information and a description of the principal risks and
uncertainties for the remaining six months of the financial year; and 
 
§  material related party transactions in the first six months of the year and
any material changes in the related party transactions described in the last
annual report. 
 
The Directors of Porvair plc are listed in the Porvair plc Annual Report for
the year ended 30 November 2014.  A list of current Directors is maintained on
the Porvair plc website www.porvair.com. 
 
By order of the board 
 
Ben Stocks 
 
Group Chief Executive 
 
Chris Tyler 
 
Group Finance Director 
 
26 June 2015 
 
Independent review report to Porvair plc 
 
Report on the condensed half-yearly consolidated financial information 
 
Our conclusion 
 
We have reviewed the condensed half-yearly consolidated financial information
defined below, in the half-yearly results of Porvair plc for the six months
ended 31 May 2015. Based on our review, nothing has come to our attention that
causes us to believe that the condensed half-yearly consolidated financial
information 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. 
 
This conclusion is to be read in the context of what we say in the remainder
of this report. 
 
What we have reviewed 
 
The condensed half-yearly consolidated financial information which is prepared
by Porvair plc comprises: 
 
·      the consolidated balance sheet as at 31 May 2015; 
 
·      the consolidated income statement and consolidated statement of
comprehensive income for the period then ended; 
 
·      the consolidated statement of cash flows for the period then ended; 
 
·      the consolidated statement of changes in equity for the period then
ended; and 
 
·      the explanatory notes to the condensed half-yearly consolidated
financial information. 
 
As disclosed in note 14, the financial reporting framework that has been
applied in the preparation of the full annual financial statements of the
group is applicable law and International Financial Reporting Standards
(IFRSs) as adopted by the European Union. 
 
The condensed half-yearly consolidated financial information included in the
half-yearly results have been prepared in accordance with International
Accounting Standard 34, 'Interim Financial Reporting', as adopted by the
European Union and the Disclosure and Transparency Rules of the United
Kingdom's Financial Conduct Authority. 
 
What a review of condensed half-yearly consolidated financial information
involves 
 
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 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. 
 
We have read the other information contained in the half-yearly results and
considered whether it contains any apparent misstatements or material
inconsistencies with the information in the condensed half-yearly consolidated
financial information. 
 
Responsibilities for the condensed half-yearly consolidated financial
information and the review 
 
Our responsibilities and those of the directors 
 
The half-yearly results, including the condensed half-yearly consolidated
financial information, is the responsibility of, and has been approved by, the
directors. The directors are responsible for preparing the half-yearly results
in accordance with the Disclosure and Transparency Rules of the United
Kingdom's Financial Conduct Authority. 
 
Our responsibility is to express to the company a conclusion on the condensed
half-yearly consolidated financial information in the half-yearly results
based on our review. This report, including the conclusion, has been prepared
for and only for the company for the purpose of complying with the Disclosure
and Transparency Rules of the Financial Conduct Authority and for no other
purpose. We do not, in giving this conclusion, accept or assume responsibility
for any other purpose or to any other person to whom this report is shown or
into whose hands it may come save where expressly agreed by our prior consent
in writing. 
 
PricewaterhouseCoopers LLP 
 
Chartered Accountants 
 
26 June 2015 
 
Cambridge 
 
Notes 
 
(a)   The maintenance and integrity of the Porvair plc website is the
responsibility of the directors; the work carried out by the auditors does not
involve consideration of these matters and, accordingly, the auditors accept
no responsibility for any changes that may have occurred to the condensed
half-yearly consolidated financial information since it was initially
presented on the website. 
 
(b)   Legislation in the United Kingdom governing the preparation and
dissemination of condensed half-yearly consolidated financial information may
differ from legislation in other jurisdictions. 
 
This information is provided by RNS
The company news service from the London Stock Exchange