Vodafone 2006 Annual Report Download - page 139

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Vodafone Group Plc Annual Report 2006 137
8. Reserves and reconciliation of movements in equity shareholders’ funds
Share Capital Profit Total equity
premium redemption Capital Other Own shares and loss shareholders’
Share capital account reserve reserve reserves held account funds
£m £m £m £m £m £m £m £m
1 April 2005 as previously reported 4,286 52,284 – 88 629 (5,085) 18,992 71,194
Prior year adjustment – implementation of FRS 20 ––––419––419
Prior year adjustment – implementation of FRS 21 ––––––1,3951,395
Prior year adjustment – implementation of FRS 26 ––––––182182
1 April 2005 4,286 52,284 – 88 1,048 (5,085) 20,569 73,190
Issue of new shares 7152–––––159
Purchase of own shares –––––(6,500) – (6,500)
Own shares released on vesting of share awards – 8 – – – 346 – 354
Cancellation of own shares held (128) – 128 – – 3,053 (3,053) –
Profit for the financial year ––––––12,67112,671
Dividends ––––––(2,753) (2,753)
Capital contribution given relating to share based payments ––––114––114
Contribution received relating to share based payments ––––(150) – – (150)
Other movements ––––––1818
31 March 2006 4,165 52,444 128 88 1,012 (8,186) 27,452 77,103
In accordance with the exemption allowed by section 230 in the Companies Act 1985, no profit and loss account has been presented by the Company. The profit for the financial
year dealt with in the accounts of the Company is £12,671 million (2005 restated: £10,583 million). Under English law, the amount available for distribution to shareholders is based
upon the profit and loss reserve of the Company and is reduced by the amount of own shares held and is limited by statutory or other restrictions.
The auditor remuneration for audit services to the Company was £0.6 million (2005: £0.5 million). The Company paid no audit fees in relation to non audit services to the Company
for the years ended 31 March 2006 and 31 March 2005.
The directors are remunerated by Vodafone Group Plc for their services to the Group as a whole. No remuneration was paid to them specifically in respect of their services to
Vodafone Group Plc for either year. Full details of the directors’ remuneration are disclosed in the Directors’ Remuneration Report in the Vodafone Group Plc Annual Report 2006.
There were no employees other than directors of the Company throughout the current or the preceding year.
9. Equity dividends 2006 2005
£m £m
Declared and paid during the financial year:
Final dividend for the year ended 31 March 2005: 2.16 pence per share
(2004: 1.078 pence per share) 1,386 728
Interim dividend for the year ended 31 March 2006: 2.20 pence per share
(2005: 1.91 pence per share) 1,367 1,263
2,753 1,991
Proposed or declared after the balance sheet date and not recognised as a liability:
Final dividend for the year ended 31 March 2006: 3.87 pence per share
(2005: 2.16 pence per share) 2,327 1,386
Financials