Safeway 2012 Annual Report Download - page 47

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35
SAFEWAY INC. AND SUBSIDIARIES
Management’s Annual Report on Internal Control over Financial Reporting
Management of the Company, including the Chief Executive Officer and the Chief Financial Officer, is
responsible for establishing and maintaining adequate internal control over financial reporting, as defined
in Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended. The Company’s
internal controls were designed to provide reasonable assurance as to the reliability of its financial reporting
and the preparation and presentation of the consolidated financial statements for external purposes in
accordance with accounting principles generally accepted in the United States and includes those policies
and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the Company; (2) provide reasonable assurance
that transactions are recorded as necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of the Company are being
made only in accordance with authorizations of management and directors of the Company; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition
of the Company’s assets that could have a material effect on the financial statements.
The Company conducted an evaluation of the effectiveness of its internal control over financial reporting
based on the criteria in Internal Control – Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission. This evaluation included review of the documentation of controls,
evaluation of the design effectiveness of controls, testing of the operating effectiveness of controls and a
conclusion on this evaluation. Through this evaluation, management did not identify any material weakness
in the Company’s internal control over financial reporting. There are inherent limitations in the effectiveness
of any system of internal control over financial reporting; however, based on the evaluation, management
has concluded the Company’s internal control over financial reporting was effective as of December 29,
2012.
The Company’s independent registered public accounting firm has audited the accompanying consolidated
financial statements and the Company’s internal control over financial reporting. The report of the independent
registered public accounting firm is included in this Annual Report on Form 10-K and begins on the following
page.
/s/ Steven A. Burd /s/ Peter J. Bocian
STEVEN A. BURD PETER J. BOCIAN
Chairman and Chief Executive Officer Executive Vice President and Chief Financial Officer
February 26, 2013 February 26, 2013