BT 2009 Annual Report Download - page 139

ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS
137BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTS
Independent auditors’ report to the members of
BT Group plc (the ‘company’)
We have audited the parent company financial statements of BT
Group plc for the year ended 31 March 2009, which comprise the
BT Group plc balance sheet, the related footnotes and the BT
Group plc accounting policies. These parent company financial
statements have been prepared under the accounting policies set
out therein. These parent company financial statements are set
out on pages 138 to 141. We have also audited the information in
the Report on directors’ remuneration that is described as having
been audited (the ‘Remuneration review’).
We have reported separately on the consolidated financial
statements of BT Group plc for the year ended 31 March 2009.
This separate report is set out on page 77.
Respective responsibilities of directors and auditors
The directors’ responsibilities for preparing the Annual Report, the
Report on directors’ remuneration and the parent company
financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice) are set out in the Statement of
directors’ responsibilities.
Our responsibility is to audit the parent company financial
statements and the Remuneration review in accordance with
relevant legal and regulatory requirements and International
Standards on Auditing (UK and Ireland). This report, including the
opinion, has been prepared for and only for the company’s
members as a body in accordance with Section 235 of the
Companies Act 1985 and for no other purpose. We do not, in
giving this opinion, accept or assume responsibility for any other
purpose or to any other person to whom this report is shown or
into whose hands it may come save where expressly agreed by our
prior consent in writing.
We report to you our opinion as to whether the parent
company financial statements give a true and fair view and
whether the parent company financial statements and the
Remuneration review have been properly prepared in accordance
with the Companies Act 1985. We also report to you whether in
our opinion the information given in the Report of the Directors is
consistent with the parent company financial statements.
In addition we report to you if, in our opinion, the company has
not kept proper accounting records, if we have not received all
the information and explanations we require for our audit, or if
information specified by law regarding directors’ remuneration
and other transactions is not disclosed.
We read other information contained in the Annual Report and
Form 20-F and consider whether it is consistent with the audited
parent company financial statements. The other information
comprises all information set out in the contents listing on page 1,
except for the consolidated financial statements, the
Remuneration review and parent company financial statements of
BT Group plc. We consider the implications for our report if we
become aware of any apparent misstatements or material
inconsistencies with the parent company financial statements.
Our responsibilities do not extend to any other information.
Basis of audit opinion
We conducted our audit in accordance with International
Standards on Auditing (UK and Ireland) issued by the Auditing
Practices Board. An audit includes examination, on a test basis, of
evidence relevant to the amounts and disclosures in the parent
company financial statements and the Remuneration review. It
also includes an assessment of the significant estimates and
judgements made by the directors in the preparation of the
parent company financial statements, and of whether the
accounting policies are appropriate to the company’s
circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the
information and explanations which we considered necessary in
order to provide us with sufficient evidence to give reasonable
assurance that the parent company financial statements and the
Remuneration review are free from material misstatement,
whether caused by fraud or other irregularity or error. In forming
our opinion we also evaluated the overall adequacy of the
presentation of information in the parent company financial
statements and the Remuneration review.
Opinion
In our opinion:
the parent company financial statements give a true and fair
view, in accordance with United Kingdom Generally Accepted
Accounting Practice, of the state of the company’s affairs as at
31 March 2009;
the parent company financial statements and the Remuneration
review have been properly prepared in accordance with the
Companies Act 1985; and
the information given in the Report of the Directors is consistent
with the parent company financial statements.
PricewaterhouseCoopers LLP
Chartered Accountants and Registered Auditors
London, United Kingdom
13 May 2009
REPORT OF THE INDEPENDENT AUDITORS – PARENT COMPANY