Vodafone 1997 Annual Report Download - page 56

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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997
Company law requires the directors 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 of the Group for that period.
In preparing those financial statements, the directors are required to:
● select suitable accounting policies and apply them consistently;
● make judgements and estimates that are reasonable and prudent;
● state whether applicable accounting standards have been followed;
● prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
Company and the Group will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Company and the Group and to enable them to ensure
that the financial statements comply with the Companies Act 1985. They are also responsible for the
systems of internal financial controls and for safeguarding the assets of the Company and the Group and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
http://www.vodafone.com/download/investor/reports/annual97/5/3.htm29/03/2007 22:44:43