Vodafone 2006 Annual Report Download - page 73

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Vodafone Group Plc Annual Report 2006 71
Financials
Financials
Contents
Page
Consolidated Financial Statements 72
– Consolidated Income Statement for the years ended 31 March 72
– Consolidated Statement of Recognised Income and Expense for the year ended 31 March 72
– Consolidated Balance Sheet at 31 March 73
– Consolidated Cash Flow Statement for the years ended 31 March 74
Notes to the Consolidated Financial Statements 75
1. Basis of preparation 75
2. Significant accounting policies 75
3. Segmental analysis 79
4. Operating (loss)/profit 83
5. Investment income and financing costs 84
6. Taxation 85
7. Equity dividends 87
8. (Loss)/earnings per share 88
9. Intangible assets 89
10. Impairment 91
11. Property, plant and equipment 93
12. Principal subsidiary undertakings 94
13. Investments in joint ventures 95
14. Investments in associated undertakings 96
15. Other investments 96
16. Inventory 97
17. Trade and other receivables 97
18. Cash and cash equivalents 98
19. Called up share capital 98
20. Share-based payments 99
21. Transactions with equity shareholders 102
22. Movements in accumulated other recognised income and expense 102
23. Movements in retained losses 102
24. Borrowings 102
25. Post employment benefits 106
26. Provisions for liabilities and charges 109
27. Trade and other payables 110
28. Acquisitions 111
29. Discontinued operations and disposals 114
30. Commitments 116
31. Contingent liabilities 117
32. Reconciliation of net cash flows to operating activities 118
33. Directors and key management compensation 118
34. Employees 119
35. Subsequent events 119
36. Related party transactions 120
37. Financial information of joint ventures and associated undertakings 120
38. US GAAP information 122
39. New accounting standards 125
40. Transition to IFRS on first-time adoption 126
Report of Independent Registered Public Accounting Firm to the Members of Vodafone Group Plc 131
Company Financial Statements of Vodafone Group Plc at 31 March 132
Notes to the Company Financial Statements 133
1. Basis of preparation 133
2. Significant accounting policies 133
3. Fixed assets 135
4. Debtors 135
5. Investments 135
6. Creditors 136
7. Share capital 136
8. Reserves and reconciliation of movements in equity shareholders’ funds 137
9. Equity dividends 137
10. Contingent liabilities 138
Independent Auditor’s Report to the Members of Vodafone Group Plc 139