Vodafone 2013 Annual Report Download - page 101

For periods commencing on or after 1 April 2013, the Group’s nancial reporting will be presented in accordance with the new standards above.
Except for IFRS 11 and the amendments to IAS 19, these pronouncements are not expected to have a material impact on the consolidated results,
nancial position or cash ows of the Group. The impact of restating key nancial information for the impact of IFRS 11 and the amendments
to IAS19 for the year to 31 March 2013 is described below:
Consolidated income statement and statement of comprehensive income for the years ended:
2013 2012
As reported Adjustments New basis As reported Adjustments New basis
£m £m £m £m £m £m
Revenue 44,445 (6,404) 38,041 46,417 (7,596) 38,821
Gross prot 13,940 (2,466) 11,474 14,871 (3,251) 11,620
Share of results of equity accounted associates and
joint ventures 6,477 520 6,997 4,963 1,033 5,996
Operating prot 4,728 (508) 4,220 11,187 (702) 10,485
Prot before tax 3,255 (372) 2,883 9,549 (561) 8,988
Prot for the nancial year 673 (16) 657 7,003 (9) 6,994
Other comprehensive income 76 16 92 (4,653) 9 (4,644)
Total comprehensive income 749 – 749 2,350 – 2,350
Consolidated statement of nancial position at:
2013 2012
As reported Adjustments New basis As reported Adjustments New basis
£m £m £m £m £m £m
Non-current assets 119,411 (2,736) 116,675 119,551 (3,132) 116,419
Current assets 23,287 (1,672) 21,615 20,025 (994) 19,031
Total assets 142,698 (4,408) 138,290 139,576 (4,126) 135,450
Total equity 72,488 – 72,488 78,202 –78,202
Non-current liabilities 38,986 (1,519) 37,467 37,349 (1,724) 35,625
Current liabilities 31,224 (2,889) 28,335 24,025 (2,402) 21,623
Total equity and liabilities 142,698 (4,408) 138,290 139,576 (4,126) 135,450
Consolidated statement of cash ows for the year ended:
2013 2012
As reported Adjustments New basis As reported Adjustments New basis
£m £m £m £m £m £m
Net cash ow from operating activities 10,694 (1,870) 8,824 12,755 (2,458) 10,297
Net cash ow from investing activities (7,398) 1,652 (5,746) 3,843 2,738 6,581
Net cash ow from nancing activities (2,956) 213 (2,743) (15,369) (300) (15,669)
Net cash ow 340 (5) 335 1,229 (20) 1,209
New accounting pronouncements to be adopted on or after 1 April 2014
The Group will adopt Amendments to IAS 32, “Offsetting nancial assets and nancial liabilities”, which is effective for annual periods beginning
on or after 1 January 2014 and has been endorsed for use in the EU, on 1 April 2014. In addition, the Group will adopt IFRIC 21, “Levies”, which
is effective for annual periods beginning on or after 1 January 2014 and has not been endorsed for use by the EU, on 1 April 2014.
Phase I of IFRS 9 “Financial Instruments” was issued in November 2009 and has subsequently been updated and amended. The standard is effective
for annual periods beginning on or after 1 January 2015 and has not yet been endorsed for use in the EU. The standard introduces changes to the
classication and measurement of nancial assets, removes the restriction on electing to measure certain nancial liabilities at fair value through the
income statement from initial recognition and requires changes to the presentation of gains and losses relating to fair value changes.
The Group is currently assessing the impact of the above new pronouncements on its results, nancial position and cash ows.
99 Vodafone Group Plc
Annual Report 2013
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