Vodafone 2006 Annual Report Download - page 74

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72 Vodafone Group Plc Annual Report 2006
Consolidated Income Statement for the years ended 31 March
2006 2006 2005
Note $m £m £m
Revenue 351,048 29,350 26,678
Cost of sales (29,689) (17,070) (15,800)
Gross profit 21,359 12,280 10,878
Selling and distribution expenses (3,263) (1,876) (1,649)
Administrative expenses (5,941) (3,416) (2,856)
Share of result in associated undertakings 14 4,223 2,428 1,980
Impairment losses 10 (40,900) (23,515) (475)
Other income and expense 26 15 –
Operating (loss)/profit 3,4 (24,496) (14,084) 7,878
Non-operating income and expense (3) (2) (7)
Investment income 5614 353 294
Financing costs 5(1,948) (1,120) (880)
(Loss)/profit before taxation (25,833) (14,853) 7,285
Tax on (loss)/profit 6(4,140) (2,380) (1,869)
(Loss)/profit for the financial year from continuing operations (29,973) (17,233) 5,416
(Loss)/profit for the financial year from discontinued operations 29 (7,980) (4,588) 1,102
(Loss)/profit for the financial year (37,953) (21,821) 6,518
Attributable to:
Equity shareholders (38,118) (21,916) 6,410
Minority interests 165 95 108
(37,953) (21,821) 6,518
(Loss)/earnings per share
From continuing operations:
Basic 8(48.11)¢ (27.66)p 8.12p
Diluted 8(48.11)¢ (27.66)p 8.09p
From continuing and discontinued operations:
Basic 8(60.89)¢ (35.01)p 9.68p
Diluted 8(60.89)¢ (35.01)p 9.65p
Consolidated Statement of Recognised Income and Expense
for the years ended 31 March 2006 2006 2005
Note $m £m £m
Gains on revaluation of available-for-sale investments, net of tax 1,226 705 106
Exchange differences on translation of foreign operations 2,599 1,494 1,488
Actuarial losses on defined benefit pension schemes, net of tax (52) (30) (79)
Asset revaluation surplus 28 195 112 –
Transfer to the income statement on disposal of foreign operations 63 36 –
Net income recognised directly in equity 4,031 2,317 1,515
(Loss)/profit for the financial year (37,953) (21,821) 6,518
Total recognised income and expense relating to the year (33,922) (19,504) 8,033
Attributable to:
Equity shareholders (34,101) (19,607) 7,958
Minority interests 179 103 75
(33,922) (19,504) 8,033
The accompanying notes are an integral part of these Consolidated Financial Statements.
The unaudited US dollar amounts are prepared on the basis set out in note 1.