Vodafone 2009 Annual Report Download - page 127

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Financials
Vodafone Group Plc Annual Report 2009 125
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 plans
Vodafone Group savings related and sharesave plans•
Vodafone Group executive plans•
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 2009, the Company had 333 million ordinary share options outstanding (2008: 373 million) and 1 million ADS options outstanding (2008: 1 million).
The Company has made a capital contribution to its subsidiary undertakings in relation to share-based payments. At 31 March 2009, the cumulative capital contribution
net of payments received from subsidiary undertakings was £328 million (31 March 2008: £313 million, 1 April 2007: £397 million). During the year ended 31 March 2009,
the capital contribution arising from share-based payments was £128 million (2008: £107 million), with payments of £113 million (2008: £191 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 2008 4,182 42,934 10,054 88 942 (7,867) 28,143 78,476
Allotment of shares 3 74 – – – – – 77
Own shares released on vesting of share awards – – – – – 59 – 59
Profit for the financial year – – – – – – 5,853 5,853
Dividends – – – – – – (4,017) (4,017)
Capital contribution given relating to share-based payments – – – – 128 – – 128
Contribution received relating to share-based payments – – – – (113) – – (113)
Purchase of own shares – – – – – (1,000) – (1,000)
Cancellation of own shares held (32) – 32 – – 755 (755) –
B share capital redemption – – 15 – – – (15) –
Other movements – – – – – – (38) (38)
31 March 2009 4,153 43,008 10,101 88 957 (8,053) 29,171 79,425
The profit for the financial year dealt with in the accounts of the Company is £5,853 million (2008: £5,782 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 the year in respect of audit and audit related services was £1.3 million (2008: less than £1 million) and non-audit services £0.2 million
(2008: £0.4 million).
The directors are remunerated by the Company 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 57 to 67.
There were no employees other than directors of the Company throughout the current or the preceding year.