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Business review Performance Governance Financials Additional information
93
Vodafone Group Plc
Annual Report 2012
Independent auditor’s report to the members of
Vodafone Group Plc
We have audited the consolidatednancial statements of Vodafone
Group Plc for the year ended 31 March 2012 which comprise the
consolidated income statement, the consolidated statement of
comprehensive income, the consolidated statement ofnancial
position, the consolidated statement of changes in equity, the
consolidated statement of cashows, and the related notes 1 to 33.
Thenancial 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
inan 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
nancial statements and for being satised that they give a true and
fairview.
Our responsibility is to audit and express an opinion on the
consolidatednancial statements in accordance with applicable
lawand 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 nancial statements sufcient to give reasonable assurance that
thenancial 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 signicant accounting estimates made by the
directors; and the overall presentation of the nancial statements.
Inaddition, we read all the nancial and non-nancial information in
theannual report to identify material inconsistencies with the audited
nancial 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 consolidatednancial statements:
a give a true and fair view of the state of the Group’s affairs as at
31March 2012 and of its prot for the year then ended;
a have been properly prepared in accordance with IFRSs as adopted
bythe European Union; and
a 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 consolidatednancial 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 consolidatednancial statements comply with IFRSs
as issued by the IASB.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the directors’ report for the
nancial year for which the consolidated nancial statements are
prepared is consistent with the Groupnancial 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:
a certain disclosures of directors’ remuneration specied by law are not
made; or
a we have not received all the information and explanations we require
for our audit.
Under the listing rules we are required to review:
a the directors’ statement contained within the directors’ report in
relation to going concern;
a the part of the Corporate Governance Statement relating to the
Company’s compliance with the nine provisions of the UK Corporate
Governance Code specied for our review; and
a certain elements of the report to shareholders by the Board on
directors’ remuneration.
Other matter
We have reported separately on the parent company nancial
statements of Vodafone Group Plc for the year ended 31 March 2012
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
22 May 2012
Audit report on the consolidated nancial statements