Safeway 2013 Annual Report Download - page 41

Table of Contents
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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.
Management of the Company has conducted an evaluation of the effectiveness of its internal control over financial reporting based on the
criteria in Internal Control - Integrated Framework (1992) 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. Management's assessment of and conclusion on the
effectiveness of internal control over financial reporting as of December 28, 2013 did not include the internal controls of Retailo AG and
Intelispend, both acquired by the Company's consolidated subsidiary, Blackhawk, in November 2013. The financial statements of Retailo
AG and Intelispend constitute, in aggregate, less than 1% of net and total assets, and comprise in aggregate less than 1% of revenues and of
net income of Safeway Inc.'s consolidated financial statement amounts as of and for the fiscal year ended December 28, 2013. Through this
evaluation, management did not identify any material weakness in the Company’s internal control. 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 28, 2013.
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/ Robert L. Edwards /s/ Peter J. Bocian
ROBERT L. EDWARDS PETER J. BOCIAN
President and Chief Executive Officer Executive Vice President and Chief Financial Officer
February 25, 2014 February 25, 2014
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