Vodafone 2007 Annual Report Download - page 92

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90 Vodafone Group Plc Annual Report 2007
Contents
Page
Report of the Independent Registered Public Accounting Firm to the
Members of Vodafone Group Plc 91
Consolidated Financial Statements
– Consolidated Income Statement for the years ended 31 March 92
– Consolidated Statement of Recognised Income
and Expense for the years ended 31 March 92
– Consolidated Balance Sheet at 31 March 93
– Consolidated Cash Flow Statement for the years ended 31 March 94
Notes to the Consolidated Financial Statements: 95
1. Basis of preparation 95
2. Significant accounting policies 95
3. Segmental analysis 100
4. Operating (loss)/profit 102
5. Investment income and financing costs 103
6. Taxation 104
7. Equity dividends 106
8. (Loss)/earnings per share 107
9. Intangible assets 108
10. Impairment 109
11. Property, plant and equipment 111
12. Principal subsidiary undertakings 112
13. Investments in joint ventures 113
14. Investments in associated undertakings 114
15. Other investments 114
16. Inventory 115
17. Trade and other receivables 115
18. Cash and cash equivalents 116
19. Called up share capital 116
20. Share-based payments 117
21. Transactions with equity shareholders 120
22. Movements in accumulated other recognised
income and expense 120
23. Movements in retained losses 120
24. Borrowings 121
25. Post employment benefits 126
26. Provisions 129
27. Trade and other payables 129
28. Acquisitions 130
29. Discontinued operations and disposals 131
30. Commitments 133
31. Contingent liabilities 134
32. Reconciliation of net cash flows to operating activities 135
33. Directors and key management compensation 135
34. Employees 136
35. Subsequent events 136
36. Related party transactions 137
37. Financial information of joint ventures and associated
undertakings 137
38. US GAAP information 138
39. New accounting standards 142
Page
Company Financial Statements of Vodafone Group Plc at 31 March 143
Notes to the Company Financial Statements 144
1. Basis of preparation 144
2. Significant accounting policies 144
3. Fixed assets 145
4. Debtors 145
5. Creditors 146
6. Share capital 146
7. Share based payments 147
8. Reserves and reconciliation of movements in equity
shareholders’ funds 147
9. Equity dividends 148
10. Contingent liabilities 148
Independent Auditor’s Report to the Members of Vodafone Group Plc 149