Vodafone 2003 Annual Report Download - page 115

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Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003 113
31. Analysis of net debt
Other non-cash
1 April Cash changes and 31 March
2002 flow exchange movements 2003
£m £m £m £m
£m
Liquid investments 1,789 (1,384) (114) 291
Cash at bank and in hand 80 393 2 475
Debt due within one year (1,219) 1,366 (1,470) (1,323)
Debt due after one year (12,317) (1,298) 621 (12,994)
Finance leases (367) 97 (18) (288)
(13,903) 165 (867) (14,605)
(12,034) (826) (979) (13,839)
Cash flows in respect of the Commercial Paper programme are shown net within debt-related cash flows.
Debt includes secured debt of £364m (2002: £322m) in respect of Vodafone Egypt (£192m, 2002: £255m) and Japan Telecom (£172m, 2002: £67m).
Further information on guarantees can be found in note 29.
32. Directors
Aggregate emoluments of the directors of the Company were as follows:
2003 2002
£000 £000
Salaries and fees 5,457 4,777
Incentive schemes 5,738 3,760
Benefits 709 749
11,904 9,286
Aggregate gains on the exercise of share options in the year to 31 March 2003 by serving directors were £226,873 (2002: £129,328) and by former
directors were £Nil (2002: £Nil).
Further details of directors’ emoluments can be found in “Board’s Report to Shareholders on Directors’ Remuneration – Remuneration for the year to
31 March 2003”.