Vodafone 2013 Annual Report Download - page 25

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404 million
With 404 million customers, Vodafone is one
of the biggest mobile operators in the world.
We provide services to everyone, from many
of the biggest multinational companies,
to individuals in some of the poorest
countries in the world.
Our ordinary dividend, funded from our
annual cash ow, is the primary form
of shareholder remuneration. We have
increased the ordinary dividend per share
by over 22% over the last three years.
Going forward the Board aims at least
to maintain the ordinary dividend per
shareat current levels.
Revenue
Customers
£5.6bn
The conversion of revenue to cash ow is key
both to ongoing reinvestment in the business
and rewarding shareholders. Wehave
strong market share positions in most of
ourmarkets, which, combined with highly
efcient networks, deliver healthy cash ow.
Shareholder
remuneration
Cash ow
We generate service revenue, through the
supply of communications services over
our networks. Around two-thirds is under
contracts with the remainder from customers
buying our services on a ‘pay as you go’
(or prepaid) basis.
2013 free
cash ow
Enterprise
customers:
8%
Consumer
customers:
92%
23 Vodafone Group Plc
Annual Report 2013
Overview Business
review Performance Governance Financials Additional
information