Tesco 2004 Annual Report Download - page 26

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24 TESCO PLC
DIRECTORS’ RESPONSIBILITIES FOR THE PREPARATION
OF THE FINANCIAL STATEMENTS
The Directors are required by the Companies Act 1985 to
prepare Þnancial statements for each Þnancial 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 Þnancial year and of the proÞt
or loss for the Þnancial year.
The Directors consider that in preparing the Þnancial statements
on pages 26 to 55 the company and Group have used
appropriate accounting policies, consistently applied and
supported by reasonable and prudent judgements and estimates,
and that all accounting standards which they consider to be
applicable have been followed.
The Directors have responsibility for ensuring that the company
and Group keep accounting records which disclose, with
reasonable accuracy at any time, the Þnancial position of the
company and Group and which enable them to ensure that
the Þnancial statements comply with the Companies Act 1985.
The Directors are responsible for the maintenance and integrity
of the Annual Review and Summary Financial Statement and
Annual Report and Financial Statements published on the Groups
Corporate website. Legislation in the UK concerning the
preparation and dissemination of Þnancial statements may differ
from legislation in other jurisdictions.
The Directors have 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.