Annual Financial Report

RNS Number : 6126I

Liontrust Asset Management PLC

04 July 2013

 



4 July 2013

Stock Exchange Announcement

LIONTRUST ASSET MANAGEMENT PLC

Annual Report and Financial Statements 2013

Liontrust Asset Management Plc (the "Company", "Group" or "Liontrust") has posted its Annual Report and Financial Statements for the year ended 31 March 2013 (the "Annual Report") to shareholders. A copy of the Annual Report has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do.

The Annual Report can also be viewed on the Company's website, www.liontrust.co.uk, from midday today.

For further information please contact:

Liontrust Asset Management                                               020 7412 1700

John Ions, Vinay Abrol                                                             www.liontrust.co.uk

Simon Hildrey - Head of Marketing & Communications

Numis Securities Limited                                                      020 7260 1000

Charles Farquhar, Andrew Holloway

The information below, which is extracted from the Annual Report, is included solely for the purpose of complying with DTR 6.3.5. It should be read in conjunction with the Company's Full Year Results for the year ended 31 March 2013, which were announced on 19 June 2013. 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 Annual Report. Page numbers and cross-references in the extracted information below refer to page numbers and cross-references in the Annual Report. 

Risks and uncertainties

A report on principal risks appears in the Business Review on pages 12 and 13 and a report on the risk management and internal controls appear on pages 22 to 24.

Directors' responsibilities statement

The Directors are responsible for preparing the Annual Report, the Directors' Remuneration Report and the 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 group and parent company financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union. 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 Group and the Company and of the profit or loss of the Company and Group for that period. In preparing these financial statements, the Directors are required to:

·    select suitable accounting policies and then apply them consistently;

·    make judgements and estimates that are reasonable and prudent;

·    state that the financial statements comply with IFRS as adopted by the European Union;

·    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable them to ensure that the financial statements and the Directors' Remuneration Report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Directors, whose names and functions are listed on page 15 confirm that, to the best of their knowledge:

·    the Group financial statements, which have been prepared in accordance with IFRS as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit or loss of the group; and

·    the Directors' report includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces.

The financial statements may be published on the www.liontrust.co.uk website, which is maintained by the Company. The maintenance and integrity of the website is the responsibility of the Directors. The work carried out by the independent auditors does not involve consideration on the maintenance and integrity of this website and, according, the independent auditors accept no responsibility for any changes that have occurred to the financial statements since they were initially presented on the website. The financial statements are prepared in accordance with UK legislation, which may differ from legislation

in other jurisdictions.

On behalf of the Board

Vinay Abrol

Chief Operating Officer & Chief Financial Officer

Audit Report

PricewaterhouseCoopers LLP, the Group's auditors, have reported on the statutory accounts, and provided an unqualified opinion.

END

 

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