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102 Vodafone Group Plc Annual Report 2006
Notes to the Consolidated Financial Statements
continued
21. Transactions with equity shareholders Capital
Share premium redemption Own shares Additional paid
account reserve held in capital
£m £m £m £m
1 April 2004 52,154 – (1,136) 99,950
Issue of new shares 130 – – (28)
Purchase of own shares – – (3,997) –
Own shares released on vesting of share awards – – 12 –
Share-based payment charge, inclusive of tax credit of £22 million – – – 159
31 March 2005 52,284 – (5,121) 100,081
Issue of new shares 152 – – (44)
Purchase of own shares – – (6,500) –
Own shares released on vesting of share awards 8 – 370 (8)
Cancellation of own shares held – 128 3,053 –
Share-based payment charge, inclusive of tax credit of £9 million –––123
31 March 2006 52,444 128 (8,198) 100,152
22. Movements in accumulated other recognised income and expense Available-for-sale
Translation Pensions investments Asset revaluation
reserve reserve reserve surplus Total
£m £m £m £m £m
1 April 2004 – – 233 – 233
Gains/(losses) arising in the year 1,521 (102) 106 – 1,525
Tax effect –––23
31 March 2005 1,521 (79) 339 – 1,781
Gains/(losses) arising in the year 1,486 (43) 710 112 2,265
Foreign exchange recycled on business disposal 36 – – – 36
Tax effect – 13 (5) – 8
31 March 2006 3,043 (109) 1,044 112 4,090
23. Movements in retained losses 2006 2005
£m £m
1 April (39,511) (43,930)
(Loss)/profit for the financial year (21,916) 6,410
Dividends (note 7) (2,753) (1,991)
Loss on issue of treasury shares (123) –
Cancellation of shares (3,053) –
31 March (67,356) (39,511)
24. Borrowings 2006 2005
Short-term Long-term Short-term Long-term
borrowings borrowings Total borrowings borrowings Total
£m £m £m £m £m £m
Financial liabilities measured at amortised cost:
Bank loans 58 1,414 1,472 27 1,214 1,241
Bank overdrafts 18 – 18 43 – 43
Redeemable preference shares – 902 902 – 845 845
Finance lease obligations 7687511 130 141
Bonds – 3,928 3,928 – 906 906
Other liabilities 1,840 295 2,135 1,640 202 1,842
Loans in fair value hedge relationships 1,525 10,143 11,668 282 9,893 10,175
3,448 16,750 20,198 2,003 13,190 15,193