27 July 2015
Annual Report and Accounts 2015
Northgate plc ('Northgate' or the 'Company') has today submitted a copy of the above documents to the National Storage Mechanism where they will shortly be available for inspection at www.morningstar.co.uk/uk/nsm
Copies of the Annual Report and Accounts for the year ended 30 April 2015 and the Notice of Annual General Meeting are also available on the Company's website at www.northgateplc.com.
The Annual General Meeting will be held at 6 Agar Street, London WC2N 4HN at 11.30am on 17 September 2015.
Explanatory note and warning
The primary purpose of this announcement is to inform the market about the publication of the Company's Annual Report and Accounts for the year ended 30 April 2015 (the "2015 Annual Report and Accounts").
The information below, which is extracted from the 2015 Annual Report and Accounts, is included solely for the purpose of complying with DTR 6.3.5 and the requirements it imposes on issuers as to how to make public annual financial reports. It should be read in conjunction with the Company's Preliminary Announcement issued on 30 June 2015. Together, these constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. This material is not a substitute for reading the full 2015 Annual Report and Accounts. Page numbers and cross-references in the extracted information below refer to page numbers and cross-reference in the 2015 Annual Report and Accounts.
ADDITIONAL INFORMATION REQUIRED BY DISCLOSURE AND TRANSPARENCY RULE 6.3.5
The Annual Report and Accounts for the year ended 30 April 2015 contains a responsibility statement in the form set out below:
The Directors are responsible for preparing the annual report and accounts 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 are required to prepare the Group financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and Article 4 of the IAS Regulation and have also chosen to prepare the Parent Company financial statements under IFRS as adopted by the EU. Under company law the Directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the Group and Company and of the profit or loss of the Group for that period.
In preparing these financial statements, IAS 1 (Presentation of Financial Statements) requires that Directors:
· properly select and apply accounting policies;
· present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;
· provide additional disclosures when compliance with the specific requirements in IFRS are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial position and financial performance; and
· make an assessment of the Group's ability to continue as a going concern.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Group's and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
We confirm that to the best of our knowledge:
· the financial statements, prepared in accordance with IFRS, 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; and
· the management report, which is incorporated into the Directors' 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.
By order of the Board
Chief Executive Officer
29 June 2015
The information contained in this announcement does not comprise statutory accounts for the purposes of the Companies Act 2006. The Company's consolidated financial statements as set out in the 2015 Annual Report and Accounts have been audited by Deloitte LLP. A copy of the audit report, which was unqualified, is set out on pages 70 and 73 of the 2015 Annual Report and Accounts.
The Annual Report and Accounts contains certain forward-looking statements. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that occur in the future. There may be a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts.
For further information, please contact:
David Henderson, Company Secretary