Vodafone 2003 Annual Report Download - page 25

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Vodafone Group Plc Annual Report & Accounts and Form 20-F 2003 23
Notes:
(1) The Group’s interest in Verizon Wireless is accounted for as an associated undertaking and the results of Verizon Wireless have been included in the consolidated
profit and loss account on the equity basis of accounting from 3 April 2000. The results of Mannesmann have been included in the consolidated profit and loss
account from 12 April 2000. The results of Vodafone Spain have been fully consolidated with effect from 29 December 2000 under UK GAAP. The results of
Vodafone Ireland and Japan Telecom and the J-Phone Group have been fully consolidated with effect from 14 May 2001 and 12 October 2001, respectively. Prior
to the acquisition of a controlling interest, the Group’s interests in Vodafone Spain, Japan Telecom and the J-Phone Group were accounted for as associated
undertakings. Japan Telecom was accounted for as a trade investment for the period up to 1 June 2001. See “Information on the Company – History and
Development of the Company – Acquisitions of businesses”for further details on these transactions.
(2) The Consolidated Financial Statements for the year ended 31 March 2000 include the results of AirTouch from 30 June 1999.
(3) The Consolidated Financial Statements are prepared in accordance with UK GAAP, which differ in certain significant respects from US GAAP. For further details, see
note 37 to the Consolidated Financial Statements, “US GAAP information”.
(4) See note 10 to the Consolidated Financial Statements, “Loss per share”. Loss per ADS is calculated by multiplying loss per ordinary share by ten, the number of
ordinary shares per ADS. Loss per share and dividend information has been restated for the capitalisation (bonus) issue on 30 September 1999.
(5) The final dividend for the year ended 31 March 2003 was proposed by the directors on 26 May 2003.
(6) For the purposes of calculating these ratios, earnings consist of income on ordinary activities before taxation, adjusted for fixed charges, dividend income from
associated undertakings and share of profits and losses from associated undertakings. Fixed charges comprise one-third of rental expense, including the portion of
rental expense representative of interest and interest expense as reported in the Consolidated Financial Statements elsewhere in this Annual Report.
(7) Restated to reflect the adoption of FRS 19, “Deferred tax”, during the year ended 31 March 2002.