BT 1998 Annual Report Download - page 41

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The directors are required by law to prepare financial
statements for each financial year which give a true and
fair view of the state of affairs of the company and the
group as at the end of the financial year and of the profit
or loss, total recognised gains or losses and cash flows of
the group for that period.
The directors consider that, in preparing the financial
statements for the year ended 31 March 1998 on pages
45 to 79, the company has used appropriate accounting
policies, consistently applied and supported by reasonable
and prudent judgements and estimates. The directors also
consider that all applicable accounting standards have
been followed and confirm that the financial statements
have been prepared on the going concern basis.
The directors are responsible for ensuring that the
company keeps accounting records which disclose with
reasonable accuracy at any time the financial position of
the company and which enable them to ensure that the
financial statements comply with the Companies Act 1985.
The directors are also responsible for taking such steps
that are reasonably open to them to safeguard the assets
of the group and to prevent and detect fraud and other
irregularities.
The auditors’ responsibilities are stated in their report
to the shareholders.
Statement of directors’
responsibility
F O R P R E PA R I N G T HE F I N A N C I A L S TAT E M E N T S