Vodafone 2001 Annual Report Download - page 25

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STATEMENT OF DIRECTORS’ RESPONSIBILITIES
Vodafone Group Plc
Annual Report & Accounts
for the year ended
31 March 2001
23
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 or loss 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; and
• 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.
By Order of the Board
Stephen Scott
Secretary
29 May 2001