Vodafone 2011 Annual Report Download - page 81

Vodafone Group Plc Annual Report 2011 79
Financials
Opinion on other matter prescribed by the Companies
Act 2006
In our opinion the information given in the directors’ report for the financial
year for which the consolidated financial statements are prepared is
consistent with the group financial statements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following:
Under the Companies Act 2006 we are required to report to you if, in our
opinion:
■certain disclosures of directors’ remuneration specified by law are not
made; or
■we have not received all the information and explanations we require for
our audit.
Under the listing rules we are required to review:
■the directors’ statement contained within the directors’ report in relation
to going concern;
■the part of the Corporate Governance Statement relating to the
Company’s compliance with the nine provisions of the June 2008
Combined Code specified for our review; and
■certain elements of the report to shareholders by the Board on directors’
remuneration.
Other matter
We have reported separately on the parent company financial statements
of Vodafone Group Plc for the year ended 31 March 2011 and on the
information in the Directors’ Remuneration Report that is described as
having been audited.
Panos Kakoullis FCA (Senior Statutory Auditor)
for and on behalf of Deloitte LLP
Chartered Accountants and Statutory Auditor
London
United Kingdom
17 May 2011
Independent auditor’s report to the members of
Vodafone Group Plc
We have audited the consolidated financial statements of Vodafone Group
Plc for the year ended 31 March 2011 which comprise the consolidated
income statement, the consolidated statement of comprehensive income,
the consolidated statement of financial position, the consolidated
statement of changes in equity, the consolidated statement of cash flows,
and the related notes 1 to 32. The financial reporting framework that has
been applied in their preparation is applicable law and International Financial
Reporting Standards (IFRSs) as adopted by the European Union.
This report is made solely to the Company’s members, as a body, in
accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit
work has been undertaken so that we might state to the Company’s
members those matters we are required to state to them in an auditor’s
report and for no other purpose. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone other than the Company
and the Company’s members as a body, for our audit work, for this report, or
for the opinions we have formed.
Respective responsibilities of directors and auditor
As explained more fully in the directors’ statement of responsibilities, the
directors are responsible for the preparation of the consolidated financial
statements and for being satisfied that they give a true and fair view.
Our responsibility is to audit and express an opinion on the consolidated
financial statements in accordance with applicable law and International
Standards on Auditing (UK and Ireland). Those standards require us to
comply with the Auditing Practices Board’s Ethical Standards for Auditors.
Scope of the audit of the nancial statements
An audit involves obtaining evidence about the amounts and disclosures in
the financial statements sufficient to give reasonable assurance that the
financial statements are free from material misstatement, whether caused by
fraud or error. This includes an assessment of: whether the accounting policies
are appropriate to the Group’s circumstances and have been consistently
applied and adequately disclosed; the reasonableness of significant
accounting estimates made by the directors; and the overall presentation of
the financial statements. In addition, we read all the financial and non-financial
information in the annual report to identify material inconsistencies with the
audited financial statements. If we become aware of any apparent material
misstatements or inconsistencies we consider the implications for our report.
Opinion on nancial statements
In our opinion the consolidated financial statements:
■give a true and fair view of the state of the Group’s affairs as at 31 March
2011 and of its profit for the year then ended;
■ have been properly prepared in accordance with IFRSs as adopted by the
European Union; and
■ have been prepared in accordance with the requirements of the
Companies Act 2006 and Article 4 of the IAS Regulation.
Separate opinion in relation to IFRSs as issued by the IASB
As explained in note 1 to the consolidated financial statements, the Group
in addition to complying with its legal obligation to apply IFRSs as adopted
by the European Union, has also applied IFRSs as issued by the International
Accounting Standards Board (IASB).
In our opinion the consolidated financial statements comply with IFRSs as
issued by the IASB.
Audit report on the consolidated nancial statements