Vodafone 2002 Annual Report Download - page 75

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Report of independent auditors Vodafone Group Plc 73Annual Report & Accounts and Form 20-F
Opinions
In our opinion:
●the financial statements expressed in pounds sterling give a true and fair view of the state of affairs of the Company and the Group as at 31 March 2002 and of
the loss of the Group for the year then ended and have been properly prepared in accordance with the Companies Act 1985;
●the financial statements expressed in pounds sterling also present fairly, in all material respects, the consolidated financial position of the Group as of
31 March 2002 and 31 March 2001 and the results of its operations and its cash flows for the years ended 31 March 2002, 31 March 2001 and
31 March 2000 in conformity with accounting principles generally accepted in the United Kingdom. These principles differ in certain respects from accounting
principles generally accepted in the United States. The effect of the differences in the determination of net income, shareholders’ equity and cash flows is shown
in note 37;
●the financial statements expressed in US dollars have been properly translated on the basis in note 1; and
●the unaudited proportionate financial information has been properly prepared in accordance with the bases set out on page 141, which are consistent with the
accounting policies of the Group.
As disclosed in note 1 to the financial statements, the Group has changed its accounting policy for deferred tax following the adoption of FRS 19, “Deferred tax”.
Deloitte & Touche
Chartered Accountants and Registered Auditors
Hill House
1 Little New Street
London
EC4A 3TR
27 May 2002