Vodafone 2003 Annual Report Download - page 123

Download and view the complete annual report

Please find page 123 of the 2003 Vodafone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 155

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155

Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003 121
Principal associated undertakings
The Companys principal associated undertakings all have share capital consisting solely of ordinary shares, unless otherwise stated, and are all indirectly held.
The country of incorporation or registration of all associated undertakings is also their principal place of operation.
Percentage(1)
shareholding/ Par value Latest Country of
partnership of issued financial incorporation or
Name Activity interest equity accounts registration
Belgacom Mobile S.A. Cellular network operator 25.0 a70.0m 31.12.02(2) Belgium
Cellco Partnership(3) Cellular network operator 45.0 31.12.02(2) USA
Cegetel Groupe S.A.(4) Holding and telecommunications company 15.0 a1,433m 31.12.02(2) France
Grupo Iusacell, S.A. de C.V.(5) Cellular network operator 34.5 31.12.02(2) Mexico
Mobifon S.A. Cellular network operator 20.1 ROL 2,002,798m 31.12.02(2) Romania
Polkomtel S.A. Cellular network operator 19.6 PLN 2,050m 31.12.02(2) Poland
RPG Cellular Services Limited Cellular network operator 20.8 490m Rupees 31.03.03 India
Safaricom Limited(6) Cellular network operator 35.0 1,020 Kshs 31.03.03 Kenya
Société Française du
Radiotéléphone S.A.(7) Cellular network operator 20.0 a964m 31.12.02(2) France
Swisscom Mobile S.A. Cellular network operator 25.0 CHF100m 31.12.02(2) Switzerland
Vodafone Fiji Limited Cellular network operator 49.0 F$ 6m 31.03.03 Fiji
Vodacom Group (Pty) Limited Holding company 35.0 ZAR 100 31.03.03 South Africa
Notes:
(1) To nearest tenth of one percent.
(2) Accounts are drawn up to 31 March 2003 for consolidation in the Groups financial statements.
(3) Cellco Partnership trades under the name Verizon Wireless. The registered or principal office of the partnership is 180 Washington Valley Road,
Bedminster, New Jersey 07921, USA.
(4) The Group also holds a further 15% interest in Cegetel Groupe S.A. through its 30% holding in Transtel S.A.
(5) The Group holds 31.6% of the voting A series shares and 37.3% of the non-voting V series shares.
(6) The Group also holds 2 non-voting shares.
(7) The Group also holds a further 23.9% indirect interest in Société Française du Radiotéléphone S.A. through its interest in Cegetel Groupe S.A.
Principal investments
The shareholding in the investment consists solely of ordinary shares and is indirectly held. The principal country of operation is the same as the country of
incorporation or registration.
Country of
Percentage(1) incorporation or
Name Activity shareholding registration
China Mobile (Hong Kong) Limited(2) Mobile network operator 3.3 China
Notes:
(1) To nearest tenth of one percent.
(2) Listed on the Hong Kong and New York stock exchanges and incorporated under the laws of Hong Kong.