Trinity Mirror PLC
14 September 2000
PART 2
13. Disposal of Belfast Telegraph Newspapers
As a condition of the merger between Trinity and Mirror Group, the
Secretary of State for Trade and Industry required Trinity Mirror to
dispose of Belfast Telegraph Newspapers Limited. On 17 March 2000 the
Company announced that it had reached agreement with Independent News
& Media plc to sell Belfast Telegraph Newspapers for £300m. The
transaction was completed on 30 July
2000.
14. Statutory information
The financial statements for the 26 weeks to 2 July 2000 do not
constitute statutory accounts for the purposes of Section 240 of the
Companies Act 1985 and have not been audited. No statutory accounts
for the period have been delivered to the Registrar of Companies.
The statutory format figures for the 53 weeks ended 2 January 2000 have
been extracted from the statutory accounts for this period which have
been filed with the Registrar of Companies. The auditors' report on
these accounts was unqualified and did not contain a statement under
Section 237 (2) or (3) of the Companies Act 1985.
The auditors have carried out a review of the interim report and their
report is set out on page 18. The interim report was approved by the
Directors on 14 September 2000.
This announcement is being sent to shareholders and will be made available
at the Company's registered office at Kingsfield Court, Chester Business
Park, Chester CH4 9RE.
Independent Review Report to Trinity Mirror plc
Introduction
We have been instructed by the Company to review the financial
information set out on pages 8 to 18 which includes financial
information as required by the Listing Rules and pro forma financial
information. The pro forma financial information has been prepared as
described on page 12 and in accordance with the accounting policies
referred to on page 12, but it is not subject to the Listing Rules of
the UK Listing Authority.
We have read the other information contained in the interim report and
considered whether it contains any apparent misstatements or material
inconsistencies with the financial information.
Directors' responsibilities
The interim report, including the financial information contained
therein, is the responsibility of, and has been approved by, the
Directors. The Listing Rules of the UK Listing Authority require that
the accounting policies and presentation applied to the interim figures
are consistent with those applied in preparing the preceding annual
accounts except where any changes, and the reasons for them, are
disclosed.
Review work performed
We conducted our review in accordance with guidance contained in
Bulletin 1999/4 issued by the Auditing Practices Board. A review
consists principally of making enquiries of group management and
applying analytical procedures to the financial information and
underlying financial data and, based thereon, assessing whether the
accounting policies and presentation have been consistently applied
unless otherwise disclosed. A review excludes audit procedures such as
tests of controls and verification of assets, liabilities and
transactions. It is substantially less in scope than an audit
performed in accordance with Auditing Standards and, therefore,
provides a lower level of assurance than an audit. Accordingly, we do
not express an audit opinion on the financial information.
Review conclusion
On the basis of our review we are not aware of any material
modifications that should be made to the financial information as
presented for the 26 week period ended 2 July 2000.
Deloitte & Touche
Chartered Accountants
Hill House
1 Little New Street
London EC4A 3TR
14 September 2000
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Obtains access to the information in a personal capacity;
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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