Vodafone 2012 Annual Report Download - page 124

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122
Vodafone Group Plc
Annual Report 2012
Notes to the consolidated nancial statements (continued)
17. Trade and other receivables (continued)
2012 2011
£m £m
Included within “Derivativenancial instruments”:
Fair value through the income statement (held for trading):
Interest rate swaps 1,514 1,292
Foreign exchange swaps 128 99
1,642 1,391
Fair value hedges:
Interest rate swaps 1,317 654
2,959 2,045
The fair values of these nancial instruments are calculated by discounting the future cashows to net present values using appropriate market
interest and foreign currency rates prevailing at 31 March.
18. Cash and cash equivalents
2012 2011
£m £m
Cash at bank and in hand 2,762 896
Money market funds 3,190 5,015
Repurchase agreements 600 –
Other 586 341
Cash and cash equivalents as presented in the statement of nancial position 7,138 6,252
Bank overdrafts (50) (47)
Cash and cash equivalents as presented in the statement of cashows 7,088 6,205
Bank balances and money market funds comprise cash held by the Group on a short-term basis with original maturity of three months or less.
Thecarrying amount of cash and cash equivalents approximates their fair value.
Repurchase agreements have an original maturity of less than three months and the carrying value approximates the fair value.
19. Called up share capital
2012 2011
Number £m Number £m
Ordinary shares of 113⁄7 US cents each allotted,
issued and fully paid:1
1 April 56,811,123,429 4,082 57,809,246,732 4,153
Allotted during the year 3,883,860 – 1,876,697 –
Cancelled during the year (3,000,000,000) (216) (1,000,000,000) (71)
31 March 53,815,007,289 3,866 56,811,123,429 4,082
Note:
1 At 31 March 2012 the Group held 4,169,067,107 (2011: 5,233,597,599) treasury shares with a nominal value of £299million (2011: £376million). The market value of shares held was £7,179million (2011: £9,237million).
During the year 166,003,556 (2011: 150,404,079) treasury shares were reissued under Group share option schemes.
Allotted during the year
Nominal Net
value proceeds
Number £m £m
Share awards and option scheme awards13,883,860 – 7
Note:
1. Shares allotted during the year were in relation to US share awards and option schemes.
20. Share-based payments
The Company currently uses a number of equity settled share plans to grant options and shares to its directors and employees.
The maximum aggregate number of ordinary shares which may be issued in respect of share options or share plans will not (without shareholder
approval) exceed:
a 10% of the ordinary share capital of the Company in issue immediately prior to the date of grant, when aggregated with the total number of
ordinary shares which have been allocated in the preceding ten year period under all plans; and
a 5% of the ordinary share capital of the Company in issue immediately prior to the date of grant, when aggregated with the total number of
ordinary shares which have been allocated in the preceding ten year period under all plans, other than any plans which are operated on an
all-employee basis.