Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information Statement of Directors’ responsibilities The Directors are responsible for preparing the We have further responsibility for safeguarding the assets Annual Report and the consolidated and separate of the Company and the Group and for taking reasonable financial statements in accordance with applicable steps for the prevention and detection of fraud and other law and regulations. irregularities. Company law requires us to prepare financial statements We are also responsible for the maintenance and integrity for each financial year. As required, we have prepared of the Company’s website. Legislation in the UK governing the accompanying consolidated and separate statements the preparation and dissemination of financial statements in accordance with International Financial Reporting may differ from legislation in other jurisdictions. Standards (IFRS) as adopted by the European Union and applicable law. We confirm that to the best of our knowledge: • the consolidated and separate financial statements, We must not approve the accompanying consolidated prepared in accordance with IFRS as adopted by the and separate financial statements unless we are satisfied European Union, give a true and fair view of the assets, that they give a true and fair view of the state of affairs liabilities, financial position and profit or loss of the of the Group and the Bank of Georgia Group PLC Company and the Group taken as a whole; (the “Company”) and of the profit or loss of the Group • the Strategic Report and Directors’ Report contained and the Company for that period. in this Annual Report include a fair review of the development and performance of the business and the In preparing the accompanying consolidated and separate position of the Company and the Group, together with financial statements, we are required to: a description of the principal risks and uncertainties •select suitable accounting policies and then apply that it faces. them consistently; •make judgements and estimates that are reasonable We consider that the Annual Report and Accounts, and prudent; taken as a whole, are fair, balanced and understandable •state whether they have been prepared in accordance and gives shareholders the information needed to assess with IFRS as adopted by the European Union, subject the Group’s position and performance, business model to any material departures disclosed and explained and strategy. in the financial statements; and •preare the financial statements on the going concernp By order of the Board basis unless it is inappropriate to presume that the Company will continue in business. Neil Janin Archil Gachechiladze Chairman CEO We are also responsible for keeping adequate accounting 27 March 2019 27 March 2019 records that are sufficient to show and explain the Company’s and the Group’s transactions, to disclose with reasonable accuracy at any time the financial position of the Company and the Group, and to enable us to ensure that the consolidated and separate financial statements and the Directors’ Remuneration Report comply with the Companies Act 2006 and, as regards the consolidated and separate financial statements, Article 4 of the IAS Regulation. Annual Report 2018Bank of Georgia Group PLC 149