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Euromoney Ins.InvPLC (ERM)

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Wednesday 21 December, 2011

Euromoney Ins.InvPLC

Euromoney Annual Financial Report

RNS Number : 4294U
Euromoney Institutional InvestorPLC
21 December 2011
 



December 21 2011

EUROMONEY INSTITUTIONAL INVESTOR PLC

PUBLICATION OF ANNUAL REPORT AND ACCOUNTS 2011 AND NOTICE OF 2012 ANNUAL GENERAL MEETING

 

Euromoney Institutional Investor PLC has today published the following documents on its website www.euromoneyplc.com:

 

Document

 

Location

Annual Report and Accounts 2011

Investors

- Annual & Interim reports & other Shareholder Documents

Notice of Annual General Meeting 2012

Investors

-   Shareholder information/AGM information

 

The printed Annual Report and Accounts were posted to those shareholders who have requested them on or around Wednesday December 21 2011, together with the circular incorporating the Notice of Annual General Meeting and Form of Proxy. These documents and web default letter (for those shareholders opting for electronic communications) have been submitted to the UK Listing Authority.  The documents will be shortly available for inspection at the UK Listing Authority's National Storage Mechanism at www.Hemscott.com/nsm.do.

 

As required by DTR 6.3.5 (1), we set out below the Directors' responsibilities statement and the Principal Risks and Uncertainties contained within the Annual Report as follows:

 

Responsibility statement

"We confirm that to the best of our knowledge:

·    the financial statements, prepared in accordance with the relevant financial reporting framework, 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."

 

Principal risks and uncertainties

The principal risks and uncertainties that affect the group are described in detail on pages 15 to 18 of the 2011 annual report.  In summary, they include:

Commercial risks:

-     Downturn in economy or market sector

-     Travel risk

Operational risks:

-     Data risk - loss, theft, integrity and availability of data including customer, employee and commercial data

-     London, New York, Montreal or Hong Kong wide disaster

-     Publishing content risk - incorrect information published or results of reader polls or awards successfully challenged

-     Incorrect circulation claims

-     Loss of key staff

-     Failure of back-office project

Strategic risks:

-     Acquisition and disposal risk

-     Failure of online strategy

Financial risks:

-     Liquidity risk

-     Market price risk

-     Interest rate risk

-     Foreign currency risk

-     Credit risk, and

-     Tax

 

These are considered to be the most relevant risks and uncertainties at this time.

 

The other information required by DTR 6.3.5 (1) was contained within the unaudited preliminary announcement of Euromoney Institutional Investor PLC's results for the year ended September 30 2011, released to the market in unedited full text on Thursday November 10 2011.

 

END

 

For further information, please contact:

 

Euromoney Institutional Investor PLC

Colin Jones, Finance Director: +44 20 7779 8845; cjones@euromoneyplc.com

Richard Ensor Managing Director +44 20 7779 8845; rensor@euromoneyplc.com

 

FTI Consulting

Charles Palmer: +44 20 7269 7180; Charles.Palmer@fticonsulting.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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