Vodafone 2010 Annual Report Download - page 70

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68 Vodafone Group Plc Annual Report 2010
Directors’ statement of responsibility 69
Audit report on internal controls 70
Critical accounting estimates 71
Audit report on the consolidated financial statements 73
Consolidated financial statements 74
Consolidated income statement 74
Consolidated statement of comprehensive income 74
Consolidated statement of financial position 75
Consolidated statement of changes in equity 76
Consolidated statement of cash flows 77
Notes to the consolidated financial statements:
1. Basis of preparation 78
2. Significant accounting policies 78
3. Segment analysis 84
4. Operating profit 86
5. Investment income and financing costs 87
6. Taxation 88
7. Equity dividends 90
8. Earnings per share 90
9. Intangible assets 91
10. Impairment 92
11. Property, plant and equipment 95
12. Principal subsidiaries 96
13. Investments in joint ventures 97
14. Investments in associates 98
15. Other investments 98
16. Inventory 99
17. Trade and other receivables 99
18. Cash and cash equivalents 100
19. Called up share capital 100
20. Share-based payments 101
21. Capital and financial risk management 103
22. Borrowings 105
23. Post employment benefits 109
24. Provisions 111
25. Trade and other payables 111
26. Acquisitions 112
27. Reconciliation of net cash flow from operating activities 113
28. Commitments 114
29. Contingent liabilities 114
30. Directors and key management compensation 116
31. Related party transactions 116
32. Employees 117
Audit report on the Company financial statements 118
Company financial statements of Vodafone Group Plc 119
Notes to the Company financial statements: 120
1. Basis of preparation 120
2. Significant accounting policies 120
3. Fixed assets 121
4. Debtors 121
5. Other investments 122
6. Creditors 122
7. Share capital 122
8. Share-based payments 123
9. Reserves and reconciliation of movements
in equity shareholders’ funds 123
10. Equity dividends 123
11. Contingent liabilities 124
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