23 July 2009
Annual Financial Report
Northgate plc ("Northgate" or the "Company"), the UK and Spain's leading specialist in light commercial vehicle hire by fleet size, released its preliminary announcement of annual results on 10 July 2009 ("Final Results Announcement").
Further to that announcement, the Company can now confirm that the Annual Report and Accounts for the year ended 30 April 2009 is available on the Company's website at www.northgateplc.com.
The Company further confirms that it has submitted two copies of the 2009 Report and Accounts to the UK Listing Authority. These documents will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Tel: 020 7066 1000
The Annual Report will be posted to shareholders not later than 14 August 2009.
Notice of the Annual General Meeting will be issued after the Extraordinary General Meeting to be held on 27 July 2009.
The Appendix to this announcement contains additional information for the purposes of compliance with the Disclosure and Transparency Rules and should be read together with the Final Results Announcement. Together these constitute the information required by DTR 6.3.5 to be communicated to media in full unedited text.
Directors' responsibility statement
The Annual Report and Accounts for the year ended 30 April 2009 contains a responsibility statement in the form set out below:
The directors are responsible for preparing the Annual Report, Directors' Remuneration Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. The directors are required by the IAS Regulation to prepare the group financial statements under IFRSs (IFRSs) as adopted by the European Union and have also elected to prepare the parent company financial statements in accordance with IFRSs as adopted by the European Union. The financial statements are also required by law to be properly prepared in accordance with the Companies Act 1985 and Article 4 of the IAS Regulation.
International Accounting Standard 1 requires that financial statements present fairly for each financial year the company's financial position, financial performance and cash flows. This requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the International Accounting Standards Board's 'Framework for the preparation and presentation of financial statements'. In virtually all circumstances, a fair presentation will be achieved by compliance with all applicable IFRSs. However, directors are also required to:
The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
For further information, please contact:
Steve Smith, Chief Executive
Bob Contreras, Finance Director
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Hogarth Partnership Limited
020 7357 9477
Notes to Editors:
Northgate plc rents light commercial vehicles and sells a range of fleet products to businesses via a network of hire companies. Their NORFLEX product gives businesses access to a flexible method to acquire as many commercial vehicles as they require.
Further information regarding Northgate plc can be found on the Company's website: