Vodafone 1999 Annual Report Download - page 47

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Statement of Directors Responsibilities
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/annual99/statement_of_directors_responsib.htm30/03/2007 00:09:34