Vodafone 2004 Annual Report Download - page 3

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Description Page
Financial Highlights 2
Chairman’s Statement 4
Chief Executive’s Statement 5
Business Overview 7
Cautionary Statement Regarding Forward-Looking Statements 20
Risk Factors and Legal Proceedings 21
Operating and Financial Review and Prospects 23
Non-GAAP Information 45
The Board of Directors and the Group Executive Committee 46
Directors’ Report 48
Corporate Governance 50
Board’s Report to Shareholders on Directors’ Remuneration 54
Employees 64
Corporate Social Responsibility and Environmental Issues 65
Statement of Directors’ Responsibilities 66
Report of Independent Auditors 67
Consolidated Financial Statements 68
Additional Shareholder Information 128
Form 20-F Cross Reference Guide 136
This constitutes the Annual Report of Vodafone Group Plc (the “Company”) in accordance with United Kingdom (“UK”) requirements and is dated 25 May 2004. This document
also contains information within the Company’s Annual Report on Form 20-F in accordance with the requirements of the US Securities and Exchange Commission (the “SEC”).
However, this information may be updated or supplemented at the time of filing of that document with the SEC or later amended if necessary.
References to the “Group” or “Vodafone” are references to the Company and its subsidiary undertakings and, where the context requires, its interests in joint ventures and
associated undertakings.
This Annual Report contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 with respect to the Group’s
financial condition, results of operations and business management and strategy, plans and objectives for the Group. For further details, please see “Cautionary Statement
Regarding Forward-Looking Statements” and “Risk Factors and Legal Proceedings – Risk Factors” for a discussion of the risks associated with these statements.
Annual Report 2004 Vodafone Group Plc
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Contents