Vodafone 2003 Annual Report Download - page 73

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Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003 71
Opinions
UK opinion
In our opinion:
●the financial statements give a true and fair view of the state of affairs of the Company and the Group at 31 March 2003 and of the loss of the Group for the
year then ended; and
●the financial statements and that part of the Board’s Report to Shareholders on Directors’ Remuneration described as having been audited have been properly
prepared in accordance with the Companies Act 1985.
US opinion
In our opinion the financial statements present fairly, in all material respects, the consolidated financial position of the Group at 31 March 2003 and 2002 and the
consolidated results of its operations and cash flows for each of the three years in the period ended 31 March 2003 in conformity with accounting principles generally
accepted in the United Kingdom.
Accounting principles generally accepted in the United Kingdom vary in significant respects from accounting principles generally accepted in the United States of
America. The application of the latter would have affected the determination of net loss for each of the three years ended 31 March 2003 and the determination of
shareholders’ equity at 31 March 2003 and 2002 to the extent summarised in note 37 to the financial statements.
Deloitte & Touche
Chartered Accountants and Registered Auditors
London, England
27 May 2003