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120 Vodafone Group Plc Annual Report 2007
Notes to the Consolidated Financial Statements
continued
21. Transactions with equity shareholders
Capital
Share premium redemption Own shares Additional
account reserve held paid-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
Issue of new shares 154 – – (44)
Own shares released on vesting of share awards – – 151 –
Share consolidation (9,026) – – –
B share capital redemption – 5,713 – –
B share preference dividend – 3,291 – –
Share-based payment charge, inclusive of tax charge of £16 million –––77
31 March 2007 43,572 9,132 (8,047) 100,185
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 – –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
(Losses)/gains arising in the year (3,802) 65 2,108 – (1,629)
Foreign exchange recycled on business disposals 838 – – – 838
Tax effect 22 (15) – – 7
31 March 2007 101 (59) 3,152 112 3,306
23. Movements in retained losses
2007 2006 2005
£m £m £m
1 April (67,356) (39,511) (43,930)
(Loss)/profit for the financial year (5,426) (21,916) 6,410
Dividends (note 7) (3,566) (2,753) (1,991)
Gain on expiration of equity put right 142 ––
Loss on issue of treasury shares (43) (123) –
B share capital redemption (5,713) ––
B share preference dividend (3,291) ––
Cancellation of shares –(3,053) –
31 March (85,253) (67,356) (39,511)