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Summary Financial
Statement
Statutory information
Auditors’ statement
to the members of British Telecommunications
plc
We have examined
the summary financial statement.
Respective responsibilities
of directors and auditors
The directors are
responsible for preparing the summarised
annual report. Our responsibility is to
report to you our opinion on the consistency
of the summary financial statement within
the BT shareholder annual review
with the annual financial statements and
directors’ report and its compliance with
the relevant requirements of Section 251
of the United Kingdom Companies Act 1985
and the regulations made thereunder. We
also read the other information contained
in the summarised annual report and consider
the implications for our report if we
become aware of any apparent misstatements
or material inconsistencies with the summary
financial statement.
Basis of opinion
We conducted our
work in accordance with “The auditors’
statement on the summary financial statement”
issued by the Auditing Practices Board.
Opinion
In our opinion
the summary financial statement is consistent
with the full annual financial statements
and the directors’ report of British Telecommunications
plc for the year ended 31 March 2001 and
complies with the applicable requirements
of Section 251 of the Companies Act 1985,
and the regulations made thereunder.
PricewaterhouseCoopers
Chartered Accountants
and Registered Auditors
London
22 May 2001
Notes:
(a) The maintenance and integrity of the
British Telecommunications plc website
is the responsibility of the directors;
the work carried out by the auditors does
not involve consideration of these matters
and, accordingly, the auditors accept
no responsibility for any changes that
may have occurred to the summary financial
statement since they were initially presented
on the website.
(b) Legislation
in the United Kingdom governing the preparation
and dissemination of financial statements
may differ from legislation in other jurisdictions.
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The auditors’ report
on the full annual accounts for the year
ended 31 March 2001 is unqualified and does
not contain any statement concerning accounting
records or failure to obtain necessary information
and explanations.
This summary financial
statement was approved by the Board on 22
May 2001 and was signed on its behalf by:
Sir Christopher
Bland Chairman
Sir Peter Bonfield
CBE Chief
Executive
Philip Hampton
Group Finance
Director
Important note
This summary financial
statement does not contain sufficient information
to allow as full an understanding of the
results of the group and state of affairs
of the company or the group as would be
provided by the full annual report. Shareholders
who would like more detailed information
may obtain a copy of the full annual report
for 2001 and/or future years, free of charge,
by completing and returning the request
card that accompanies this annual review. |
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