Vodafone 2011 Annual Report Download - page 76

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74 Vodafone Group Plc Annual Report 2011
Directors’ statement of responsibility 75
Audit report on internal controls 76
Critical accounting estimates 77
Audit report on the consolidated financial statements 79
Consolidated financial statements 80
Consolidated income statement 80
Consolidated statement of comprehensive income 80
Consolidated statement of financial position 81
Consolidated statement of changes in equity 82
Consolidated statement of cash flows 83
Notes to the consolidated financial statements:
1. Basis of preparation 84
2. Significant accounting policies 84
3. Segment analysis 90
4. Operating profit 92
5. Investment income and financing costs 93
6. Taxation 94
7. Equity dividends 96
8. Earnings per share 96
9. Intangible assets 97
10. Impairment 98
11. Property, plant and equipment 102
12. Principal subsidiaries 103
13. Investments in joint ventures 104
14. Investments in associates 105
15. Other investments 105
16. Inventory 106
17. Trade and other receivables 106
18. Cash and cash equivalents 107
19. Called up share capital 107
20. Share-based payments 108
21. Capital and financial risk management 110
22. Borrowings 113
23. Post employment benefits 117
24. Provisions 119
25. Trade and other payables 120
26. Reconciliation of net cash flow from operating activities 120
27. Commitments 121
28. Contingent liabilities 121
29. Directors and key management compensation 123
30. Related party transactions 123
31. Employees 124
32. Subsequent events 124
Audit report on the Company financial statements 125
Company financial statements of Vodafone Group Plc 126
Notes to the Company financial statements:
1. Basis of preparation 127
2. Significant accounting policies 127
3. Fixed assets 128
4. Debtors 128
5. Other investments 129
6. Creditors 129
7. Share capital 129
8. Share-based payments 130
9. Reserves and reconciliation of movements
in equity shareholders’ funds 130
10. Equity dividends 131
11. Contingent liabilities 131
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