Vodafone 2004 Annual Report Download - page 68

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Vodafone Group Plc Annual Report 2004
66
Statement of Directors’ Responsibilities
United Kingdom 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 system of internal control, 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.