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Our goal is to be the
communications leader
in an increasingly
connected world
This constitutes the Annual Report of Vodafone Group Plc (the “Company”) in accordance with
International Financial Reporting Standards (“IFRS”) and with those parts of the Companies Act 1985
applicable to companies reporting under IFRS and is dated 29 May 2007. References to IFRS refer to
IFRS as issued by the IASB and IFRS as adopted for use in the European Union (“EU”). This document also
contains information set out within the Company’s Annual Report on Form 20-F in accordance with the
requirements of the United States (“US”) Securities and Exchange Commission (the “SEC”). However,
this information may be updated or supplemented at the time of filing of that document with the SEC
or later amended if necessary. The content of the Group’s website (www.vodafone.com) should not be
considered to form part of this Annual Report or the Company’s Annual Report on Form 20-F.
The terms “Vodafone”, the “Group”, “we”, “our” and “us” refer to the Company and, as applicable, its
subsidiary undertakings and/or its interests in joint ventures and associated undertakings.
In the discussion of the Group’s reported financial position and results for the year ended 31 March 2007,
information in addition to that contained within the Consolidated Financial Statements is presented on
the basis that it provides readers with additional financial information regularly reviewed by management.
This information is provided to assist investor assessment of the Group’s performance from period to
period. However, the additional information presented is not uniformly defined by all companies, including
those in the Group’s industry. Accordingly, it may not be comparable with similarly titled measures and
disclosures by other companies. Definitions of the terms presented are shown on page 159.
In presenting and discussing the Group’s reported financial position, operating results and cash flows,
certain information is derived from amounts calculated in accordance with IFRS but this information
is not itself an expressly permitted GAAP measure. Such non-GAAP measures should not be viewed in
isolation or as an alternative to the equivalent GAAP measure. An explanation as to the use of these
measures and reconciliations to their nearest equivalent GAAP measures can be found on
pages 62 to 63.
The Report of the Directors, incorporating the Business Review, covers pages 4 to 88 of this Annual
Report. This Annual Report contains forward-looking statements within the meaning of the US Private
Securities Litigation Reform Act of 1995 with respect to the Group’s financial condition, results of
operations and business management and strategy, plans and objectives for the Group. For further details,
please see “Performance – Cautionary Statement Regarding Forward-Looking Statements”
and “Performance – Risk Factors, Seasonality and Outlook” for a discussion of the risks associated with
these statements.
Vodafone, the Vodafone logos, Vodafone live!, Vodafone Mobile Connect, Vodafone Wireless Office,
Vodafone Passport, Vodafone At Home, Vodafone Office, Vodafone Applications Service, Vodafone
Business Email, Vodafone Travel Promise, Vodafone Push Email, Vodafone Consumer Push Email and
Vodafone βetavine are trademarks of the Vodafone Group. Other product and company names
mentioned herein may be the trademarks of their respective owners.