Vodafone 2012 Annual Report Download - page 175

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We are creating
a more valuable
Vodafone
Our strategy is focused on four areas ofgrowth
potential and founded on strong capital and cost
discipline. This is delivering results: we have
outperformed our key competitors in most
majormarkets, and returned over £10 billion
toshareholders in the last 12 months.
£46.4bn
Group revenue increased 1.2%
to £46.4 billion with a strong
demand for data services and
further voice penetration in
emerging markets.
£11.5bn
Adjusted operating prot
was£11.5 billion, slightly down
onlast year (up 2.5%* on an
organic basis) supported by a
goodperformance from our
USassociate, Verizon Wireless.
£6.1bn
Free cashow of £6.1 billion,
decreased due to the sale of our
interests in China and France and
a lower working capital benet.
9.52p
Total ordinary dividends
pershare of 9.52 pence, up 7.0%
inlinewith our dividend per share
growth target. We also paid a
special dividend of 4.0 pence
pershare andour£6.8 billion
share buyback programme is
almost complete.
£6.4bn
Capital expenditure increased
by 2.3%, as we continued to
maintain our high level of
investment to support our
network strategy.
14.91p
Adjusted earnings per share
of14.91pence, down 11.0% on
last year, resulting from the loss
ofincome following the sale of
several businesses and higher
nancing costs.
Business review Performance Governance Financials Additional information
173
Vodafone Group Plc
Annual Report 2012
Vodafone, the Vodafone logo, Vodacom, M-Pesa,
the M-Pesa logo, OfceNet, Vodafone One Net,
Vodafone Discover, Vodafone Cloud, Vodafone Protect,
Vodafone Guardian, Vodafone Farmers’ Club, Vodafone
mHealth Solutions, Justtextgiving by Vodafone,
The Vodafone Way and Bluesh are trade marks of the
Vodafone Group. Moyo, Ricarica Insieme and Mobile
for Good are trade marks of the Vodafone Foundation.
Other product and company names mentioned herein
may be the trade marks of their respective owners.
The content of our website (www.vodafone.com) should
not be considered to form part of this annual report or
our annual report onForm 20-F.
© Vodafone Group 2012
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