Vodafone 1997 Annual Report Download - page 40

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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997
The following is a summary of the effects of the differences between US Generally Accepted Accounting
Principles ('US GAAP') and UK Generally Accepted Accounting Principles ('UK GAAP') that are
significant to Vodafone Group Plc. The principles are set out below.
Net income and earnings per ordinary share
1997 1996
£m £m
Net income as reported in accordance with UK GAAP 363.8 309.8
Items (decreasing)/increasing net income:
Goodwill amortisation (17.6) (9.1)
Equity in losses of associated undertakings (5.4) (6.8)
Licence fee amortisation (1.0) (3.2)
Deferred income taxes 2.8 4.3
Pension cost (0.1) (0.3)
Other (0.3) (1.0)
Net income in accordance with US GAAP 342.2 293.7
Earnings per ordinary share in accordance with US GAAP 11.18p 9.62p
Shareholders' equity
1997 1996
£m £m
Shareholders' equity as reported in accordance with UK GAAP 770.0 1,022.1
Items increasing/(decreasing) shareholders' equity:
Goodwill - net of amortisation 582.5 245.0
Licence fee amortisation (13.9) (13.6)
Revaluation of marketable securities - 7.9
Cumulative deferred income taxes (72.7) (78.6)
Proposed dividends 75.3 62.4
http://www.vodafone.com/download/investor/reports/annual97/4/8.htm (1 of 4)29/03/2007 22:37:32