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KUWAIT ENERGY PLC
STATEMENT OF DIRECTORS’ RESPONSIBILITIES
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STATEMENT OF DIRECTORS’ RESPONSIBILITIES
The directors are responsible for preparing the consolidated financial statements in accordance with applicable law and
regulations.
Company law requires the directors to prepare consolidated financial statements for each financial year. Under that law
the directors have elected to prepare the consolidated financial statements in accordance with International Financial
Reporting Standards (“IFRS”) as adopted by the European Union. The consolidated financial statements are required by
law to be properly prepared in accordance with the Companies (Jersey) Law 1991. Under company law the directors must
not approve the consolidated financial statements unless they are satisfied that they give a true and fair view of the state
of affairs of the Group and of the profit or loss of the Group for that period. In preparing these consolidated financial
statements, International Accounting Standard 1 requires that directors:
Properly select and apply accounting policies.
Present information, including accounting policies, in a manner that provides relevant, reliable, comparable and
understandable information.
Provide additional disclosures when compliance with the specific requirements in IFRS are insufficient to enable
users to understand the impact of particular transactions, other events and conditions on the entity’s financial
position and financial performance.
Make an assessment of the Group’s ability to continue as a going concern.
The directors are responsible for keeping proper accounting records that are sufficient to show and explain the Group’s
transactions and disclose with reasonable accuracy at any time the financial position of the Group and enable them to
ensure that the consolidated financial statements comply with the Companies (Jersey) Law 1991. They are also
responsible for the system of internal control, for safeguarding the assets of the Group and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
For and on behalf of the board
Dr Manssour Aboukhamseen
Executive Chairman
11 April 2018