Vodafone 2008 Annual Report Download - page 140

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7. Share-based payments
The Company currently uses a number of equity settled share plans to grant options and shares to the directors and employees of its subsidiary undertakings,
as listed below.
Share option schemes
Vodafone Group savings related and Sharesave schemes
Vodafone Group executive schemes
Vodafone Group 1999 Long Term Stock Incentive Plan and ADSs
Other share option plans
Share plans
Share Incentive Plan
Restricted share plans
At 31 March 2008, the Company had 373 million ordinary share options outstanding (2007: 584 million) and 1 million ADS options outstanding (2007: 3 million).
The Company has made a capital contribution to its subsidiary undertakings in relation to share-based payments. At 31 March 2008, the cumulative capital
contribution net of payments received from subsidiary undertakings was £313 million (31 March 2007: £397 million, 1 April 2006: £383 million). During the year ended
31 March 2008, the capital contribution arising from share-based payments was £107 million (2007: £93 million), with payments of £191 million (2007: £79 million)
received from subsidiary undertakings.
Full details of share-based payments, share option schemes and share plans are disclosed in note 20 to the Consolidated Financial Statements.
8. Reserves and reconciliation of movements in equity shareholders’ funds
Share Capital Own Profit Total equity
Share premium redemption Capital Other shares and loss shareholders’
capital account reserve reserve reserves held account funds
£m £m £m £m £m £m £m £m
1 April 2007 4,172 43,572 9,132 88 1,026 (8,044) 26,021 75,967
Allotments of shares 10 277 – – – – – 287
Own shares released on vesting
of share awards – – – – – 177 – 177
Profit for the financial year – – – – – – 5,782 5,782
Dividends – – – – – – (3,653) (3,653)
Capital contribution given relating to
share-based payments – – – – 107 – – 107
Contribution received relating to
share-based payments – – – – (191) – – (191)
Transfer of B share nominal value
issued in respect of own shares
deferred and cancelled – (915) 915 – – – – –
B share capital redemption – – 7 – – – (7) –
31 March 2008 4,182 42,934 10,054 88 942 (7,867) 28,143 78,476
The profit for the financial year dealt with in the accounts of the Company is £5,782 million (2007: £11,126 million). Under English law, the amount available for
distribution to shareholders is based upon the profit and loss reserve of the Company and is reduced by the amount of own shares held and is limited by statutory
or other restrictions.
The auditor’s remuneration for audit services and non-audit services to the Company was less than £1 million (2007: £1 million) and £0.4 million (2007: £0.5 million),
respectively.
The directors are remunerated by Vodafone Group Plc for their services to the Group as a whole. No remuneration was paid to them specifically in respect of their
services to Vodafone Group Plc for either year. Full details of the directors’ remuneration are disclosed in “Directors’ Remuneration” on pages 71 to 81.
There were no employees other than directors of the Company throughout the current or the preceding year.
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138 Vodafone Group Plc Annual Report 2008
Notes to the Company Financial Statements continued
Vodafone – Financials