Vodafone 1997 Annual Report Download - page 21

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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997 - Basis of preparation of Financial statements
The financial review complies with the 'Operating and Financial Review' statement issued by the
Accounting Standards Board.
During the year the Accounting Standards Board issued two new standards, Financial Reporting Standard
1 (Revised 1996) - 'Cash Flow Statements' and Financial Reporting Standard 8 - 'Related Party
Disclosures'. These new standards have been adopted in these financial statements, with last year's
comparative cash flow statement being restated as explained in the Statement of accounting policies.
The Group's accounting policies are conservative and appropriate to the business.
Going concern
After reviewing the Group's and Company's budget for 1997/98 and other longer term plans, the directors
are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going
concern basis in preparing the financial statements.
http://www.vodafone.com/download/investor/reports/annual97/3/6.htm29/03/2007 22:35:32