REG - Tesco Personal Fin Tesco PLC - Half-year Report <Origin Href="QuoteRef">TSCO.L</Origin> - Part 3

TescoAnnouncement

04/10/2017 07:06

- Part 3: For the preceding part double click  ID:nRSD5734Sb 

Officer                     
                     Bernard Higgins - Chief Executive                          
                     Declan Hourican - Chief Financial Officer                  
                     Simon Machell - Independent Non-Executive Director         
                     James McConville - Independent Non-Executive Director      
                     David McCreadie - Managing Director                        
                     Raymond Pierce - Independent Non-Executive Director        
                     Amanda Rendle - Independent Non-Executive Director         
                     Alan Stewart - Non-Executive Director                      
                     James Willens - Senior Independent Non-Executive Director  
                                                                                
 Company Secretary:  Michael Mustard                                            
                                                                                
 
 
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TESCO PERSONAL FINANCE PLC 
 
NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 
 
We have been engaged by Tesco Personal Finance plc ("the Company") to review
the Interim Condensed Consolidated Financial Statements in the Interim
Financial Report for the six months ended 31 August 2017 which comprises the
Interim Condensed Consolidated Income Statement, the Interim Condensed
Consolidated Statement of Comprehensive Income, the Interim Condensed
Consolidated Statement of Financial Position, the Interim Condensed
Consolidated Statement of Changes in Equity, the Interim Condensed
Consolidated Statement of Cash Flows and related notes 1 to 17. We have read
the other information contained in the Interim Financial Report and considered
whether it contains any apparent misstatements or material inconsistencies
with the information in the Interim Condensed Consolidated 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 Interim Financial Report is the responsibility of, and has been approved
by, the Directors.  The Directors are responsible for preparing the Interim
Financial Report in accordance with the Disclosure and Transparency Rules of
the United Kingdom's Financial Conduct Authority. 
 
As disclosed in note 1, the Annual Financial Statements of the Company are
prepared in accordance with IFRS as adopted by the European Union.  The
Interim Condensed Consolidated Financial Statements included in this Interim
Financial Report have 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 Interim
Condensed Consolidated Financial Statements in the Interim 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 Interim Condensed Consolidated Financial Statements in the
Interim Financial Report for the six months ended 31 August 2017 are 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 
 
Edinburgh, United Kingdom 
 
2 October 2017 
 
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