Vodafone 2007 Annual Report Download - page 151

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Vodafone Group Plc Annual Report 2007 149
Financials
We have audited the parent Company Financial Statements of Vodafone
Group Plc for the year ended 31 March 2007 which comprise the balance
sheet and the related notes numbered 1 to 10. These parent Company
Financial Statements have been prepared under the accounting policies set
out therein.
The corporate governance statement and the directors’ remuneration
report are included in the Group annual report of Vodafone Group Plc for
the year ended 31 March 2007. We have reported separately on the
Consolidated Financial Statements of Vodafone Group Plc for the year
ended 31 March 2007 and on the information in the directors’ remuneration
report that is described as having been audited.
Respective responsibilities of directors and auditors
The directors’ responsibilities for preparing the Annual Report and the
parent Company Financial Statements in accordance with applicable law
and United Kingdom Accounting standards (United Kingdom Generally
Accepted Accounting Practice) are set out in the Statement of Directors’
Responsibilities.
Our responsibility is to audit the parent Company Financial Statements in
accordance with relevant United Kingdom legal and regulatory
requirements and International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the parent Company Financial
Statements give a true and fair view in accordance with the relevant
financial reporting framework and whether the parent Company Financial
Statements and the part of the directors’ remuneration report described as
having been audited have been properly prepared in accordance with the
Companies Act 1985. We report to you whether in our opinion the
information given in the directors’ report is consistent with the parent
Company Financial Statements. We also report to you, if in our opinion, the
Company has not kept proper accounting records, if we have not received
all the information and explanations we require for our audit, or if
information specified by law regarding directors’ remuneration and other
transactions is not disclosed.
We read the directors’ report and the other information contained in the
annual report for the above year as described in the contents section and
consider whether it is consistent with the audited parent Company Financial
Statements. We consider the implications for our report if we become aware
of any apparent misstatements or material inconsistencies with the parent
Company Financial Statements. Our responsibility does not extend to any
further information outside the annual report.
Basis of audit opinion
We conducted our audit in accordance with International Standards on
Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit
includes examination, on a test basis, of evidence relevant to the amounts
and disclosures in the parent Company Financial Statements. It also
includes an assessment of the significant estimates and judgements made
by the directors in the preparation of the parent Company Financial
Statements, and of whether the accounting policies are appropriate to the
Company’s circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and
explanations which we considered necessary in order to provide us with
sufficient evidence to give reasonable assurance that the parent Company
Financial Statements are free from material misstatement, whether caused
by fraud or other irregularity or error. In forming our opinion we also
evaluated the overall adequacy of the presentation of information in the
parent Company Financial Statements.
Opinion
In our opinion:
•the parent Company Financial Statements give a true and fair view, in
accordance with United Kingdom Generally Accepted Accounting Practice,
of the state of the Company’s affairs as at 31 March 2007;
•the parent Company Financial Statements have been properly prepared in
accordance with the Companies Act 1985; and
•the information given in the Directors’ Report is consistent with the parent
Company Financial Statements.
Deloitte & Touche LLP
Chartered Accountants and Registered Auditors
London
United Kingdom
29 May 2007
Independent Auditor’s Report to the Members of Vodafone Group Plc