Statement of Directors' responsibilities
The Directors confirm that, to the best of each person's knowledge:
- the consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position and profit of Colt Group S.A. and the undertakings included in the consolidation taken as a whole;
- the Directors' report includes a fair review of the development and performance of the business and the position of Colt Group S.A. and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face; and
- the Annual Report and consolidated financial statements, taken as a whole, are fair, balanced and understandable and provide the information necessary for shareholders to assess the performance, business model and strategy of Colt Group S.A. and the undertakings included in the consolidation taken as a whole.
So far as the Directors are aware, there is no relevant audit information of which the Group's auditor is unaware and they have each taken all reasonable steps that they ought to have taken as a Director to be aware of any relevant audit information and to establish that the Group's auditor is aware of that information.
The financial statements are published on the Company's website. The maintenance and integrity of the website is the responsibility of the Directors. Legislation in Luxembourg governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The Directors, after making appropriate enquiries, believe that they have a reasonable basis for concluding that the Group has adequate facilities to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
The Board believes the Company has a business model that will create and deliver shareholder value. This is described in the Strategic Report.
Risk and risk management
The principal risks and uncertainties included within the "risk and risk management" section of the Strategic Report are incorporated by cross reference within this Report of the Board of Directors.
Corporate Social Responsibility
The Corporate Social Responsibility (CSR) review sets out the charitable donations made by the Group, the employment policies of the Group and action taken to involve employees in the business of the Group. The CSR review also covers how Colt addresses environmental matters. That review forms part of this report by cross reference.
The Directors are not recommending the payment of a dividend (2013: €nil).
Annual General Meeting
The Annual General Meeting of the Company (AGM) is to be held at the Company's registered office, K2 Building, Forte 1, 2a rue Albert Borschette, L-1246, Luxembourg on Thursday 30 April 2015, starting at 11.00 am (Luxembourg time). The notice convening the meetings and the declaration of participation requiring shareholders to register their intention to vote are in a separate document sent to shareholders. All proposals in the notice of the meeting to be considered at the AGM will be decided by a poll of shareholders.
Approved by the Board of Directors and signed on its behalf by
Caroline Griffin Pain
25 February 2015