Vodafone 2008 Annual Report Download - page 84

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Directors’ Statement of Responsibility 83
Audit Report on Internal Controls 84
Critical Accounting Estimates 85
Consolidated Financial Statements
Consolidated Income Statement for the years ended 31 March 88
Consolidated Statement of Recognised Income and Expense for
the years ended 31 March 88
Consolidated Balance Sheet at 31 March 89
Consolidated Cash Flow Statement for the years ended 31 March 90
Notes to the Consolidated Financial Statements:
1. Basis of preparation 91
2. Significant accounting policies 91
3. Segment analysis 96
4. Operating profit/(loss) 98
5. Investment income and financing costs 99
6. Taxation 100
7. Equity dividends 102
8. Earnings/(loss) per share 102
9. Intangible assets 103
10. Impairment 104
11. Property, plant and equipment 107
12. Principal subsidiary undertakings 108
13. Investments in joint ventures 109
14. Investments in associated undertakings 110
15. Other investments 110
16. Inventory 111
17. Trade and other receivables 111
18. Cash and cash equivalents 112
19. Called up share capital 112
20. Share-based payments 113
21. Transactions with equity shareholders 115
22. Movements in accumulated other recognised income and expense 115
23. Movements in retained losses 115
24. Borrowings 116
25. Post employment benefits 121
26. Provisions 123
27. Trade and other payables 123
28. Acquisitions 124
29. Disposals and discontinued operations 125
30. Reconciliation of net cash flows from operating activities 127
31. Commitments 127
32. Contingent liabilities 128
33. Directors and key management compensation 129
34. Related party transactions 129
35. Employees 130
36. Subsequent events 130
37. New accounting standards 131
Audit Report on the Consolidated Financial Statements 132
Audit Report on the Company Financial Statements 133
Company Financial Statements of Vodafone Group Plc 134
Notes to the Company Financial Statements:
1. Basis of preparation 135
2. Significant accounting policies 135
3. Fixed assets 136
4. Debtors 136
5. Creditors 137
6. Share capital 137
7. Share-based payments 138
8. Reserves and reconciliation of movements in equity shareholders’ funds 138
9. Equity dividends 139
10. Contingent liabilities 139
82 Vodafone Group Plc Annual Report 2008
Contents
Vodafone – Financials