Vodafone 2007 Annual Report Download - page 114

112 Vodafone Group Plc Annual Report 2007
Notes to the Consolidated Financial Statements
continued
11. Property, plant and equipment continued
The net book value of land and buildings and equipment, fixtures and fittings includes £49 million and £116 million, respectively (2006: £nil and £52 million)
in relation to assets held under finance leases (see note 24).
Included in the net book value of land and buildings and equipment, fixtures and fittings are assets in the course of construction, which are not depreciated,
with a cost of £13 million and £998 million, respectively (2006: £30 million and £967 million).
Borrowings of £73 million (2006: £426 million) have been secured against property, plant and equipment.
12. Principal subsidiary undertakings
At 31 March 2007, the Company had the following subsidiary undertakings carrying on businesses which principally affect the profits and assets of the Group.
They have the same year end date as the Company, unless otherwise stated, and have been included in the Consolidated Financial Statements.
Unless otherwise stated, the Company’s principal subsidiary undertakings all have share capital consisting solely of ordinary shares and are indirectly held.
The country of incorporation or registration of all subsidiary undertakings is also their principal place of operation.
Country of
incorporation or Percentage(1)
Name Principal activity registration shareholdings
Arcor AG & Co. KG(2) Fixed line operator Germany 73.7
Vodafone Albania Sh.A.(3) Mobile network operator Albania 99.9
Vodafone Americas Inc.(4) Holding company USA 100.0
Vodafone Czech Republic a.s. Mobile network operator Czech Republic 100.0
Vodafone D2 GmbH Mobile network operator Germany 100.0
Vodafone Egypt Telecommunications S.A.E. Mobile network operator Egypt 54.9
Vodafone Espana S.A.(3) Mobile network operator Spain 100.0
Vodafone Europe B.V. Holding company Netherlands 100.0
Vodafone Group Services Limited(5) Global products and services provider England 100.0
Vodafone Holding GmbH(3) Holding company Germany 100.0
Vodafone Holdings Europe S.L.(3) Holding company Spain 100.0
Vodafone Hungary Mobile Telecommunications Limited Mobile network operator Hungary 100.0
Vodafone International Holdings B.V. Holding company Netherlands 100.0
Vodafone Investments Luxembourg S.a.r.l. Holding company Luxembourg 100.0
Vodafone Ireland Limited Mobile network operator Ireland 100.0
Vodafone Libertel B.V. Mobile network operator Netherlands 100.0
Vodafone Limited Mobile network operator England 100.0
Vodafone Malta Limited Mobile network operator Malta 100.0
Vodafone Marketing S.a.r.l. Provider of Partner Network services Luxembourg 100.0
Vodafone Network Pty Limited Mobile network operator Australia 100.0
Vodafone New Zealand Limited Mobile network operator New Zealand 100.0
Vodafone-Panafon Hellenic Telecommunications Company S.A. Mobile network operator Greece 99.9
Vodafone Portugal-Comunicações Pessoais, S.A.(6) Mobile network operator Portugal 100.0
Vodafone Romania S.A.(3) Mobile network operator Romania 100.0
Vodafone Telekomunikasyon A.S. Mobile network operator Turkey 100.0
Notes:
(1) Rounded to nearest tenth of one percent.
(2) Arcor AG & Co. KG is a partnership and, accordingly, its share capital is comprised solely of partners’ capital rather than share capital.
(3) Vodafone Albania Sh.A., Vodafone Espana S.A., Vodafone Holding GmbH, Vodafone Holdings Europe S.L. and Vodafone Romania S.A. have a 31 December year end. Accounts are drawn up to 31 March
2007 for inclusion in the Consolidated Financial Statements.
(4) Share capital consists of 540,561,699 ordinary shares and 1.65 million class D and E redeemable preference shares, of which 100% of the ordinary shares are held by the Group.
(5) The entire issued share capital of Vodafone Group Services Limited is held directly by Vodafone Group Plc.
(6) 38.6% of the issued share capital of Vodafone Portugal-Comunicações Pessoais, S.A. is held directly by Vodafone Group Plc.