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70 Vodafone Group Plc Annual Report 2006
Directors’ Statement of Responsibility
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 the Consolidated Financial Statements have been prepared in
accordance with IFRS as adopted for use in the EU;
•for the Company Financial Statements, state whether applicable UK 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 and Article 4 of the IAS Regulation. 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.
Disclosure of Information to Auditors
Having made the requisite enquiries, so far as the directors are aware, there is no
relevant audit information (as defined by Section 234ZA of the Companies Act 1985) of
which the Company’s auditors are unaware, and the directors have taken all the
steps they ought to have taken to make themselves aware of any relevant audit
information and to establish that the Company’s auditors are aware of that information.
Going Concern
After reviewing the Group’s and Company’s budget for the next financial year, and other
longer term plans, the directors are satisfied that, at the time of approving the financial
statements, it is appropriate to adopt the going concern basis in preparing the financial
statements.
By Order of the Board
Stephen Scott
Secretary
30 May 2006