Annual Financial Report 2012
Annual Financial Report 2012 Allied Irish Banks, p.l.c Contents Page Business review Chairman’s statement 4 Chief Executive Officer’s review 6 Corporate Social Responsibility 9 Financial review 11 Risk Management Risk factors 58 Framework 65 Individual risk types 68 Governance and oversight The Board & Executive Officers 168 Report of the Directors 171 Corporate Governance statement 173 Supervision & Regulation 185 Financial statements Accounting policies 193 Consolidated financial statements 218 Notes to the consolidated financial statements 225 Parent company financial statements 342 Notes to the parent company financial statements 347 Statement of Directors’ responsibilities in relation to the Accounts 381 Independent Auditor’s Report 382 General information Additional information 384 Glossary of terms 406 Principal addresses 410 Index 411 1 Forward-looking information This document contains certain forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934, with respect to the financial condition, results of operations and business of the Group and certain of the plans and objectives of the Group. In particular, among other statements in this Annual Financial Report, with regard to management objectives, trends in results of operations, margins, risk management, competition and the impact of changes in International Financial Reporting Standards are forward-looking in nature. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as ‘aim’, ‘anticipate’, ‘target’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, ‘may’, ‘could’, ‘will’, ‘seek’, ‘continue’, ‘should’, ‘assume’, or other words of similar meaning.
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