BT 2009 Annual Report Download - page 78

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
The directors are responsible for preparing the group’s financial
statements in accordance with applicable law and International
Financial Reporting Standards (IFRS) as issued by the IASB and 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 and issued by the IASB,
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:
select suitable accounting policies and then apply
them consistently;
make judgments and estimates that are reasonable and prudent;
state whether the consolidated financial statements comply with
IFRS as adopted by the EU and issued by the IASB, 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
prepare the consolidated and parent company 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 the preparation of the
Report on directors’ remuneration, 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.
The directors confirm, to the best of their knowledge:
that the consolidated financial statements, which have been
prepared in accordance with IFRS as adopted by the EU and
issued by the IASB, give a true and fair view of the assets,
liabilities, financial position and profit or loss of the group; and
that the Report of the Directors on pages 49 to 74 includes a fair
review of the information required by Rules 4.1.8-4.1.11 of the
Disclosure and Transparency Rules of the United Kingdom
Financial Services Authority.
The names and functions of all of the directors are set out on
pages 50 to 51.
BT GROUP PLC ANNUAL REPORT & FORM 20-F76
STATEMENT OF DIRECTORS’ RESPONSIBILITIES
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS