Tesco 2005 Annual Report Download - page 34

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Please find page 34 of the 2005 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Directors’ responsibilities for the
preparation of the financial statements
The Directors are required by the Companies Act 1985 to
prepare financial statements for each financial year which give
a true and fair view of the state of affairs of the company and
the Group as at the end of the financial year and of the profit
or loss of the Group for the financial year.
The Directors consider that in preparing the financial
statements on pages 34 to 63 the company and Group have
used appropriate accounting policies, consistently applied
and supported by reasonable and prudent judgements and
estimates, and that all accounting standards which they
consider to be applicable have been followed.
The Directors have responsibility for ensuring that the company
and Group keep accounting records which disclose, with
reasonable accuracy at any time, the financial position of the
company and Group and which enable them to ensure that
the financial statements comply with the Companies Act 1985.
The Directors are responsible for the maintenance and integrity
of the Annual Review and Summary Financial Statement and
Annual Report and Financial Statements published on the
Group’s Corporate website. Legislation in the UK concerning
the preparation and dissemination of financial statements may
differ from legislation in other jurisdictions.
The Directors have general responsibility for taking such steps
as are reasonably open to them to safeguard the assets of the
Group and of the company and to prevent and detect fraud
and other irregularities.
32 Tesco PLC