Annual Financial Report

RNS Number : 3008K

Next PLC

16 April 2010

 



Next plc

Annual Financial Report for year ended January 2010

including the Notice of Annual General Meeting ('AGM') - convened for 18 May 2010

The Company announces that the Annual Financial Report for the year ended January 2010 has been posted on its website, www.nextplc.co.uk . A hard copy has been sent to shareholders who wish to continue receiving paper communications and a Notice of Availability on the website has been sent to shareholders who no longer receive hard copy. A copy of the Annual Financial Report has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Telephone: [phone]

In addition, the Notice of Annual General Meeting 2010 includes a resolution to adopt new articles of association. Copies of the new articles of association will be forwarded to the UKLA/FSA and the London Stock Exchange.

A J R McKinlay

Company Secretary

Next plc

The Appendix to this announcement is a supplement to our preliminary statement of financial results made on 25 March 2010 (the "Final Results Announcement"). It contains the information required pursuant to DTR 6.3.5(2)(b) that is in addition to the information communicated in the Final Results Announcement, and should be read together with the Final Results Announcement.

Appendix

Risks & uncertainties  

The Chief Executive's Review in the preliminary statement of Final Results issued on 25 March 2010 includes a commentary on the primary uncertainties affecting the Group's businesses for 2010/11. Further details of other risks and uncertainties faced by the Next group are set out on pages 12 to 14 of the 2009 Annual Report, a copy of which is available on the Company's website at www.nextplc.co.uk and no additional risks are identified in the 2010 Annual Report.

Directors' Responsibility Statement

The annual financial report contains a responsibility statement in the form set out below.

Directors' responsibilities

The directors are responsible for preparing the Annual Report and financial statements in accordance with applicable United Kingdom law and those International Financial Reporting Standards ("IFRS") as adopted by the European Union.

The directors are required to prepare financial statements for each financial year which present fairly the position of the Company and the Group and the financial performance and cash flows of the Company and the Group for that period.  In preparing those financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;
-	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 of IFRS is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the Group's financial position and performance; and
-	state that the Company and the Group have complied with IFRS, subject to any material departures disclosed and explained in the financial statements.

The directors confirm that the financial statements comply with the above requirements.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and of the Group 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Responsibility Statement

We confirm that to the best of our knowledge:

a)	the financial statements, prepared in accordance with International Financial Reporting Standards as adopted for use in the European Union, give a true and fair view of the assets, liabilities, financial position and results of the Company and the Group; and
b)	the management report 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 Group, together with a description of the principal risks and uncertainties that they face.

On behalf of the Board

Simon Wolfson                          David Keens

Chief Executive                          Group Finance Director

 

END

 

 

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