22nd Jun 2016 15:31
LADBROKES GROUP FINANCE PLC
Annual Financial Report
In accordance with Listing Rule 9.6.1, the Annual Report and Accounts for the year ended 31 December 2015 for Ladbrokes Group Finance plc (the "Annual Report 2015") has been submitted to the National Storage Mechanism and will shortly be available for viewing at www.Hemscott.com/nsm.do.
Attached to this announcement in the appendices is additional information for the purposes of compliance with the Disclosure and Transparency Rules which has been extracted from the Annual Report 2015 and the page numbers in the text refer to the page numbers in that document.
Adrian Bushnell
Company Secretary
Appendix A
Principal risks
The following information is set out on page 2 of the Annual Report 2015:
The ultimate parent company, Ladbrokes plc, reviews and evaluates the key risks and uncertainties faced by the Ladbrokes plc group as part of the divisional reviews undertaken at its regular Board meetings. The impact of risks and uncertainties of the Company is considered as part of this review process.
The Company's principal risks arise from exposure to foreign currencies and interest rate movements arising from the finance related activities and borrowing which it undertakes on behalf of the Ladbrokes plc group. The policies of the Company for managing these exposures and the risk profile of the Company at 31 December 2015 are described in greater detail in notes 16 and 17 of these financial statements. The Company has no other significant risks or uncertainties other than those that arise from being a part of the Ladbrokes plc group, which are dealt with in the Strategic Report presented in the Annual Report and Accounts 2015 of Ladbrokes plc on pages 26 to 30.
Appendix B
Statement of directors' responsibilities
The following information is set out on page 4 of the Annual Report 2015:
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 Reduced Disclosure Framework (FRS 101).
Appendix C
Related party disclosures
The following statement is extracted from page 29 of the Annual Report 2015:
The Company has taken advantage of the exemption under paragraph 8(k) of FRS 101 not to disclose transactions with fellow wholly owned group companies.
Related Shares:
LAD2.L