Rogers 2004 Annual Report Download - page 75

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73
Rogers Communications Inc. 2004 Annual Report
The accompanying consolidated financial statements of Rogers Communications Inc. and its subsidiaries and all the information in
Management’s Discussion and Analysis are the responsibility of management and have been approved by the Board of Directors.
The financial statements have been prepared by management in accordance with Canadian generally accepted accounting
principles. The financial statements include certain amounts that are based on the best estimates and judgements of management, and
in their opinion present fairly, in all material respects, Rogers Communications Inc.’s financial position, results of operations and cash
flows. Management has prepared the financial information presented elsewhere in Management’s Discussion and Analysis and has
ensured that it is consistent with the financial statements.
Management of Rogers Communications Inc., in furtherance of the integrity of the financial statements, has developed and main-
tains a system of internal controls, which is supported by the internal audit function. Management believes the internal controls provide
reasonable assurance that transactions are properly authorized and recorded, financial records are reliable and form a proper basis for
the preparation of financial statements and that Rogers Communications Inc.’s assets are properly accounted for and safeguarded.
The internal control processes include management’s communication to employees of policies that govern ethical business conduct.
The Board of Directors is responsible for overseeing management’s responsibility for financial reporting and is ultimately respon-
sible for reviewing and approving the financial statements. The Board carries out this responsibility through its Audit Committee.
The Audit Committee meets periodically with management, as well as the internal and external auditors, to discuss internal
controls over the financial reporting process, auditing matters and financial reporting issues; to satisfy itself that each party is properly
discharging its responsibilities; and, to review Management’s Discussion and Analysis, the financial statements and the external auditors’
report. The Audit Committee reports its findings to the Board for consideration when approving the financial statements for issuance
to the shareholders. The Committee also considers, for review by the Board and approval by the shareholders, the engagement or
re-appointment of the external auditors.
The financial statements have been audited by KPMG LLP, the external auditors, in accordance with Canadian generally accepted
auditing standards on behalf of the shareholders. KPMG LLP has full and free access to the Audit Committee.
Edward S. Rogers, OC Alan D. Horn, CA
President and Chief Executive Officer Vice President, Finance and Chief Financial Officer
MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING
December 31, 2004
We have audited the consolidated balance sheets of Rogers Communications Inc. as at December 31, 2004 and 2003 and the consolidated
statements of income, deficit and cash flows for the years then ended. These financial statements are the responsibility of the
Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards require that we
plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation.
In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position of the
Company as at December 31, 2004 and 2003 and the results of its operations and its cash flows for the years then ended in accordance
with Canadian generally accepted accounting principles.
Chartered Accountants
Toronto, Canada
February 15, 2005, except as to note 23, which is as of March 7, 2005
AUDITORS’ REPORT TO THE SHAREHOLDERS