Vodafone 2004 Annual Report Download - page 81

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Operating loss has been arrived at after charging/(crediting):
2004 2003 2002
£m £m £m
Depreciation of tangible fixed assets:
Owned assets 4,181 3,783 2,702
Leased assets 181 196 178
Goodwill amortisation 13,095 11,875 10,962
Amortisation of other intangible fixed assets 98 53 34
Research and development 171 164 110
Advertising costs 990 902 780
Bad debt expense 209 193 196
Payments under operating leases:
Plant and machinery 98 78 38
Other assets including fixed line rentals 1,254 1,269 886
Own costs capitalised attributable to the construction or acquisition of tangible fixed assets (290) (207) (163)
The total amount charged by Deloitte and Touche LLP is analysed below:
2004 2003
£m £m
Audit fees 45
Audit-related fees:
Audit regulatory reporting 2–
Due diligence reviews 1–
Tax fees:
Compliance 11
Other tax 12
All other fees:
IT consultancy 210
Other 12
12 20
Analysed as:
2004 2003
£m £m
Charged to profit and loss account 10 13
Capitalised or charged to share premium account 27
12 20
2004 2003
£m £m
UK companies 44
Overseas companies 816
12 20
In addition to the above, the Group’s associated companies paid fees totalling £8 million to Deloitte and Touche LLP during the year ended 31 March 2004
(2003: £4 million). The Company audit fee for the year ended 31 March 2004 was £0.3 million (2003: £0.3 million).
Joint ventures and associated undertakings
The Group’s share of the turnover and operating loss of joint ventures and associated undertakings is further analysed as follows:
2004 2003 2002
£m £m £m
Share of turnover:
Joint ventures –83
Associated undertakings 10,179 8,769 10,693
10,179 8,777 10,696
2004 2003 2002
£m £m £m
Share of operating profit/(loss):
Joint ventures –(39) (231)
Associated undertakings 546 (117) (1,226)
546 (156) (1,457)
Annual Report 2004 Vodafone Group Plc
79