Annual Report 2011 - T-Hrvatski Telekom

70
Consolidated financial statements
Responsibility for the consolidated
financial statements
Pursuant to the Croatian Accounting Act in force, the
Board is responsible for ensuring that consolidated
financial statements are prepared for each financial
year in accordance with International Financial
Reporting Standards (IFRS) as issued by the
International Accounting Standards Board (IASB)
which give a true and fair view of the financial position
and results of the Group for that period.
The Board has a reasonable expectation that the
Group has adequate resources to continue in
operational existence for the foreseeable future. For
this reason, the Board continues to adopt the going
concern basis in preparing the consolidated financial
statements.
In preparing those consolidated financial statements,
the responsibilities of the Board include ensuring that:
• suitable accounting policies are selected and then
applied consistently;
• judgments and estimates are reasonable and
prudent;
• applicable accounting standards are followed;
and
• the consolidated financial statements are
prepared on the going concern basis unless it is
inappropriate to presume that the Group will
continue in business.
The Board is responsible for keeping proper
accounting records, which disclose with reasonable
accuracy at any time the consolidated financial
position of the Group and must also ensure that
the consolidated financial statements comply with
the Croatian Accounting Act in force. The Board
is also responsible for safeguarding the assets of
the Group and hence for taking reasonable steps
for the prevention and detection of fraud and other
irregularities.
The accompanying consolidated financial statements
were approved for issuance by the Management
Board on 6 February 2012.
Hrvatski Telekom d.d.
Savska cesta 32
10000 Zagreb
Republic of Croatia
On behalf of the Group,
6 February 2012
Ivica Mudrinić
President of the Management Board