Legal & General Group Plc L&G H1 2014 RESULTS - PART 4 (4321O)
06 August 2014 - 3:03PM
UK Regulatory
TIDMLGEN
RNS Number : 4321O
Legal & General Group Plc
06 August 2014
Legal & General Group Plc
6 August 2014
L&G H1 2014 RESULTS - PART 4
This is Part 4 of the half year results of Legal & General
Group Plc, being the going concern statement and directors'
responsibility statement applicable to Parts 1 to 3 released
earlier today. This does not amend or alter any of the information
contained within Parts 1 to 3.
GOING CONCERN STATEMENT
The Group's business activities, together with the factors
likely to affect its future development, performance and position
in the current economic climate are set out in this Interim
Management Report. The financial position of the Group, its cash
flows, liquidity position and borrowing facilities are described in
the Group Results. Principal risks and uncertainties are detailed
on pages 19 to 21. In addition, the financial statements include,
amongst other things, notes on the Group's objectives, policies and
processes for managing its capital; its financial risk management
objectives; details of its financial instruments and hedging
activities; and its exposures to credit risk and liquidity
risk.
While the economy is improving, the general climate remains, to
a degree, uncertain. However, based on the available information on
the future, the directors consider that the Group has the plans and
resources to manage its business risks successfully as it has a
diverse range of businesses and remains financially strong.
After making enquiries, the directors have a reasonable
expectation that the company and the Group have adequate resources
to continue their operations for the foreseeable future. For that
reason, they continue to adopt the going concern.
DIRECTORS' RESPONSIBILITY STATEMENT
We confirm to the best of our knowledge that:
i. The consolidated interim financial statements have been
prepared in accordance with IAS 34 as adopted by the European
Union;
ii. The interim management report includes a fair review of the
information required by DTR 4.2.7, namely an indication of
important events that have occurred during the first six months of
the financial period and their impact on the consolidated interim
financial statements, as well as a description of the principal
risks and uncertainties faced by the company and the undertakings
included in the consolidation taken as a whole for the remaining
six months of the financial year;
iii. The interim management report includes, as required by DTR
4.2.8, a fair review of material related party transactions that
have taken place in the first six months of the financial period
and any material changes in the related party transactions
described in the last Annual Report;
iv. The group embedded value summary and explanatory notes to
the supplementary interim financial information have been prepared
on the European Embedded Value basis as set out in Note 5.08;
and
v. The directors of Legal & General Group Plc are listed in
the Legal & General Group Plc Annual Report for 31 December
2013, with the exception of Mike Fairey who stood down as
non-executive director of the company on 21 May 2014 and Olaf
Swantee who joined the Board as a non-executive director on 1
August 2014. A list of current directors is maintained on the Legal
& General Group Plc website: legalandgeneralgroup.com.
By order of the Board
N. D. Wilson Mark Gregory
Group Chief Executive Group Chief Financial Officer
5 August 2014 5 August 2014
END
INVESTORS:
Laura Doyle Head of Investor Relations 020 3124 2088
Stephen Thomas Investor Relations Manager 020 3124 2047
MEDIA:
John Godfrey Group Communications Director 020 3124 2090
Richard King Head of Media Relations 020 3124 2095
This information is provided by RNS
The company news service from the London Stock Exchange
END
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