53 Statement of Directors’ responsibilities The Directors are responsible for preparing the annual report and the Group and parent  company financial statements in accordance  with the applicable law and regulations. UK company law requires the Directors to  prepare Group and parent company financial  statements for each financial year. Under the  law the Directors are required to prepare the  Group financial statements in accordance with  IFRS as adopted by the EU and have elected  to prepare the parent company financial  statements on the same basis. The Group and parent company financial  statements are required by law and IFRS as  adopted by the EU to present fairly the financial  position of the Group and the parent company  and the financial performance and cash flows  for that period; the Companies Act 2006  provides in relation to such financial statements  that references in the relevant part of the Act to financial statements giving a true and fair  view are references to their achieving a fair  presentation. In preparing each of the Group  and parent company financial statements, the Directors are required to: The Directors are responsible for keeping proper  accounting records that disclose with reasonable  accuracy at any time the financial position of  the parent company and enable them to ensure  that its financial statements comply with the  Companies Act 2006 and article 4 of the  IAS Regulation. They have a general responsibility for taking  such steps as are reasonably open to them to safeguard the assets of the Group and to  prevent and detect fraud and other irregularities. Under applicable law and regulations, the  Directors are also responsible for preparing  a Directors’ report and Directors’ remuneration  report that comply with that law and  those regulations. The Directors are responsible for the  maintenance and integrity of the corporate and  financial information included on the Company’s  website. Legislation in the UK governing the  preparation and dissemination of financial  statements may differ from legislations in  other jurisdictions. To the best of our knowledge, and in accordance  with the applicable reporting principles, the  consolidated financial statements, prepared in accordance with IFRS as adopted by the EU,  give a true and fair view of the assets, liabilities,  financial position and profit and loss of the issuer  and undertakings included in the consolidation  and the “our business strategy and performance”,  “our products and key customers”, “financial  review” and “risks and their management”  sections of this report include a fair review of the development and performance of the  business and the position of the Company and  the Group, together with a description of the  principal risks and uncertainties associated with  the expected development of the Company and  the Group. Dr Jalal Bagherli Chief Executive Officer Jean-Michel Richard CFO, Vice President Finance 20 February 2013 Responsibility statement 5 Make judgements and estimates that are  reasonable and prudent. 4 State whether they have been prepared in  accordance with IFRS as adopted by the EU;  and 3 Provide additional disclosures when  compliance with the specific requirements in IFRS is insufficient to enable users to  understand the impact of particular  transactions, other events and conditions on the entity’s financial position and  financial performances; 2 Present information, including accounting  policies, in a manner that provides relevant,  reliable, comparable and  understandable information; 1 Select suitable accounting policies and then  apply them consistently;