Vodafone 2001 Annual Report Download - page 59

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Vodafone Group Plc
Annual Report & Accounts
for the year ended
31 March 2001
57
NOTES TO THE COMPANY BALANCE SHEET
32 Fixed asset in vestm en ts
Subsidiary Joint Associated Other
undertakings ventures undertakings investments Total
£m £m £m £m £m
Cost
1 April 2000 53,552 – 16 1,848 55,416
Exchange movements – – (1) – (1)
Additions 50,010 – – 720 50,730
Transfers 1,848 – – (1,848) –
Disposals (1,848) – (4) (720) (2,572)
Loans to joint ventures – 85 – – 85
–––––––– –––––––– –––––––– –––––––– ––––––––
31 March 2001 103,562 85 11 – 103,658
–––––––– –––––––– –––––––– –––––––– ––––––––
Loans to joint ventures and associated undertakings included above amounted to £85m and £11m, respectively, at 31 March 2001
(2000 – £Nil and £16m). The Company’s subsidiary and associated undertakings, joint ventures and other investments are detailed on
pages 59 and 60.
33 Debtors
2001 2000
£m £m
Due within one year:
Amounts owed by subsidiary undertakings 23,947 7,455
Group relief receivable –37
Other debtors 115 62
–––––––– ––––––––
24,062 7,554
Due after more than one year:
Deferred taxation 118 –
–––––––– ––––––––
24,180 7,554
–––––––– ––––––––
The deferred tax asset of £118m (2000 – £Nil) is in respect of the closure of derivative instruments. Deferred tax assets not
recognised amounted to £37m at 31 March 2001 (2000 – £1m) and arose from other timing differences.
34 Creditors: amounts falling due within one year
2001 2000
£m £m
Bank loans, other loans and overdrafts 3,376 12
Commercial paper 4703
Amounts owed to subsidiary undertakings 61,872 10,224
Amounts owed to associated undertakings 1–
Taxation 31 1
Other creditors 66 7
Accruals and deferred income 29 246
Proposed dividend 464 417
–––––––– ––––––––
65,843 11,610
–––––––– ––––––––