BT 2006 Annual Report Download - page 64

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The directors are responsible for preparing the group’s financial
statements in accordance with applicable law and International
Financial Reporting Standards (IFRS) as adopted by the
European Union (EU), and for preparing the parent company
financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The directors are responsible for preparing financial
statements for each financial year which give a true and fair
view, in accordance with IFRS as adopted by the EU, of the
state of affairs of the group and of the profit or loss of the
group and a true and fair view, in accordance with United
Kingdom Generally Accepted Accounting Practice (UK GAAP),
of the state of affairs of the company and of the profit or loss of
the company for that period. In preparing those financial
statements, the directors are required to:
sselect suitable accounting policies and then apply them
consistently;
smake judgements and estimates that are reasonable and
prudent;
sstate whether the group financial statements comply with
IFRS as adopted by the EU, and with regard to the parent
company financial statements whether applicable accounting
standards have been followed, subject to any material
departures disclosed and explained in the financial
statements; and
sprepare the group financial statements on the going concern
basis unless it is inappropriate to presume that the group will
continue in business.
The directors confirm that they have complied with the
above requirements in preparing the financial statements.
The directors are responsible for keeping proper accounting
records that disclose with reasonable accuracy at any time the
financial position of the company and the group and to enable
them to ensure that the group financial statements comply with
the Companies Act 1985 and Article 4 of the IAS Regulation
and the parent company financial statements comply with the
Companies Act 1985. They are also responsible 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.
The directors are responsible for the maintenance and
integrity of the corporate and financial information included on
the group’s website. Legislation in the United Kingdom
governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
STATEMENT OF DIRECTORS’ RESPONSIBILITY
for preparing the financial statements
BT Group plc Annual Report and Form 20-F 2006 Statement of directors’ responsibility62