Vodafone 2007 Annual Report Download - page 150
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9. Equity dividends 2007 2006
£m £m
Declared during the financial year:
Final dividend for the year ended 31 March 2006: 3.87 pence per share
(2005: 2.16 pence per share) 2,328 1,386
Interim dividend for the year ended 31 March 2007: 2.35 pence per share
(2006: 2.20 pence per share) 1,238 1,367
3,566 2,753
Proposed after the balance sheet date and not recognised as a liability:
Final dividend for the year ended 31 March 2007: 4.41 pence per share
(2006: 3.87 pence per share) 2,331 2,328
10. Contingent liabilities 2007 2006
£m £m
Performance bonds 87 172
Credit guarantees – third party indebtedness 1,278 1,570
Other guarantees and contingent liabilities 10 1
Performance bonds
Performance bonds require the Company to make payments to third parties in the event that the Company or its subsidiary undertakings do not perform what
is expected of it under the terms of any related contracts.
Company performance bonds include £57 million (2006: £152 million) in respect of undertakings to roll out third generation networks in Spain.
Credit guarantees – third party indebtedness
Credit guarantees comprise guarantees and indemnities of bank or other facilities.
At 31 March 2007, the Company had guaranteed debt of Vodafone Finance K.K. amounting to £1,117 million (2006: £1,268 million) and issued guarantees in
respect of notes issued by Vodafone Americas, Inc. amounting to £161 million (2006: £302 million). The Japanese facility expires by March 2011 and the
majority of Vodafone Americas, Inc. bond guarantees by July 2008.
Other guarantees and contingent liabilities
Other guarantees principally comprise of a guarantee relating to a bid for a UMTS licence in Hungary.
Legal proceedings
Details regarding certain legal actions which involve the Company are set out in note 31 to the Consolidated Financial Statements.
Notes to the Company Financial Statements
continued
148 Vodafone Group Plc Annual Report 2007