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Annual Financial Report

12 Jun 2017 13:11

RNS Number : 8308H
Ladbrokes Group Finance PLC
12 June 2017
 

LADBROKES GROUP FINANCE PLC

 

Annual Financial Report

 

In accordance with Listing Rule 9.6.1, the Annual Report and Accounts for the year ended 31 December 2016 for Ladbrokes Group Finance plc (the "Annual Report 2016") has been submitted to the National Storage Mechanism and will shortly be available for viewing at www.Hemscott.com/nsm.do.

 

Attached to this announcement in the appendices is additional information for the purposes of compliance with the Disclosure and Transparency Rules which has been extracted from the Annual Report 2016 and the page numbers in the text refer to the page numbers in that document.

 

 

Geoff Mason

Group Company Secretary

 

 

 

Appendix A 

Principal risks 

 

The following information is set out on page 2 of the Annual Report 2016:

 

The ultimate parent company, Ladbrokes Coral Group plc, reviews and evaluates the key risks and uncertainties faced by the Group as part of the divisional reviews undertaken at its regular Board meetings. The impact of risks and uncertainties of the Company is considered as part of this review process.

 

The Company's principal risks arise from exposure to foreign currencies and interest rate movements arising from the finance related activities and borrowing which it undertakes on behalf of the Group. The policies of the Company for managing these exposures and the risk profile of the Company at 31 December 2016 are described in greater detail in notes 16 and 17 of these financial statements. The Company has no other significant risks or uncertainties other than those that arise from being a part of the Ladbrokes Coral Group plc, which are dealt with in the Strategic Report presented in the 2016 Annual Report of Ladbrokes Coral Group plc on pages 37 to 41.

 

 

 

Appendix B

Statement of directors' responsibilities

 

The following information is set out on page 4 of the Annual Report 2016:

 

The directors are responsible for preparing the Annual Report and financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 101 "Reduced Disclosure Framework", and applicable law). 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 Company and of the profit or loss of the Company for that period.

 

 

Appendix C

Related party disclosures

 

The following statement is extracted from page 27 of the Annual Report 2016:

 

The Company is exempt under paragraph 8(k) of the disclosure exemptions from EU-adopted IFRS included in FRS 101 for qualifying entities from disclosing related party transactions with fellow wholly owned group companies.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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