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92 Vodafone Group Plc Annual Report 2011
4. Operating prot
Operating profit has been arrived at after charging/(crediting): 2011 2010 2009
£m £m £m
Net foreign exchange losses/(gains) 14 (29) 30
Depreciation of property, plant and equipment (note 11):
Owned assets 4,318 4,412 4,025
Leased assets 54 44 36
Amortisation of intangible assets (note 9) 3,504 3,454 2,753
Impairment of goodwill (note 10) 6,150 2,300 5,650
(Reversal of impairment)/impairment of licence and spectrum (note 10) – (200) 250
Research and development expenditure 287 303 280
Staff costs (note 31) 3,642 3,770 3,227
Operating lease rentals payable:
Plant and machinery 127 71 68
Other assets including fixed line rentals 1,761 1,587 1,331
Loss on disposal of property, plant and equipment 91 101 10
Own costs capitalised attributable to the construction or acquisition of property, plant and equipment (331) (296) (273)
The total remuneration of the Group’s auditor, Deloitte LLP, and its affiliates for services provided to the Group is analysed below:
2011 2010 2009
£m £m £m
Audit fees:
Parent company 1 1 1
Subsidiaries(1) 7 7 5
8 8 6
Fees for statutory and regulatory filings 1 1 2
Audit and audit-related fees 9 9 8
Other fees:
Taxation 1 1 1
Total fees 10 10 9
Note:
(1) The increase in the year ended 31 March 2010 primarily arose from the consolidation of Vodacom Group Limited as a subsidiary from 18 May 2009.
In addition to the above, the Group’s joint ventures and associates paid fees totalling £1 million (2010: £2 million, 2009: £3 million) and £5 million (2010:
£7 million, 2009: £6 million) respectively to Deloitte LLP and other member firms of Deloitte Touche Tohmatsu Limited during the year. Deloitte LLP and other
member firms of Deloitte Touche Tohmatsu Limited have also received amounts totalling less than £1 million in each of the last three years in respect of services
provided to pension schemes and charitable foundations associated to the Group.
A description of the work performed by the Audit Committee in order to safeguard auditor independence when non-audit services are provided is set out in
“Corporate governance” on page 60.
Notes to the consolidated nancial statements continued