Vodafone 1998 Annual Report Download - page 81

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United States Accounting Principles
UNITED STATES ACCOUNTING PRINCIPLES
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
1998 1997
£m £m
Net income as reported in accordance with UK GAAP 418.8 363.8
Items (decreasing)/increasing net income:
Goodwill amortisation (62.0) (23.0)
Profit on disposal of fixed asset investments 14.5 -
Deferred income taxes 3.0 2.8
Other (0.1) (1.4)
Net income in accordance with US GAAP 374.2 342.2
Basic earnings per ordinary share in accordance with US GAAP 12.18p 11.18p
Shareholders' equity
1998 1997
£m £m
Shareholders' equity as reported in accordance with UK GAAP 282.5 770.0
Items increasing/(decreasing) shareholders' equity:
Goodwill - net of amortisation 1,136.7 582.5
Licence fee amortisation (10.7) (13.9)
Cumulative deferred income taxes (43.3) (72.7)
Proposed dividends 86.9 75.3
Minority interest (7.9) -
Other (4.7) (4.3)
http://www.vodafone.com/download/investor/reports/annual98/finance/uspolicies.html (1 of 3)29/03/2007 23:12:13