Vodafone 1998 Annual Report Download - page 32

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Annual Report and Accounts 1998 - Directors Information - Statement of Directors
STATEMENT OF DIRECTORS' RESPONSIBILITIES
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/annual98/directorsinfo/statementofdirectors.html29/03/2007 23:06:42