Vodafone 2013 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2013 Vodafone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

Contents
Page
84 Directors’ statement
ofresponsibility
85 Audit report on internal control
over nancial reporting
86 Critical accounting estimates
88 Audit report on the consolidated
nancial statements
90 Consolidated nancial statements
and nancial commentary†
90 Consolidated income statement
90 Consolidated statement
ofcomprehensive income
92 Consolidated statement
ofnancial position
94 Consolidated statement ofchanges
in equity
96 Consolidated statement ofcashows
98 Notes to the consolidated
nancialstatements:
98 1. Basis of preparation
98 2. Signicant accounting policies
100 3. Operating prot
101 4. Directors and key management
compensation
102 5. Employees
103 6. Investment income and nancing
costs
104 7. Taxation
107 8. Earnings per share
107 9. Equity dividends
108 10. Intangible assets
109 11. Acquisitions and disposals
111 12. Impairment review
115 13. Property, plant and equipment
116 14. Investments in joint ventures
117 15. Investments in associates
117 16. Other investments
118 17. Trade and other receivables
119 18. Trade and other payables
120 19. Provisions
121 20. Commitments
121 21. Contingent liabilities
123 22. Reconciliation of net cash ow from
operating activities
123 23. Cash and cash equivalents
124 24. Borrowings
128 25. Called up share capital
128 26. Subsequent events
Page
129 Financial statement
note appendices:
129 A1. Signicant accounting policies
136 A2. Segment analysis
140 A3. Inventory
140 A4. Share-based payments
142 A5. Post employment benets
144 A6. Capital and nancial risk
management
148 A7. Related party transactions
149 A8. Principal subsidiaries
150 A9. Subsidiaries exempt from audit
151 Other unaudited
nancial information:
151 Prior year operating results
155 Liquidity and capital resources
159 Audit report on the Company
nancial statements
160 Company nancial statements
ofVodafone Group Plc
161 Notes to the Company
nancialstatements:
161 1. Basis of preparation
161 2. Signicant accounting policies
163 3. Fixed assets
163 4. Debtors
163 5. Other investments
163 6. Creditors
164 7. Share capital
164 8. Share-based payments
164 9. Reserves and reconciliation
ofmovements in equity
shareholders’ funds
165 10. Equity dividends
165 11. Contingent liabilities
Reporting our nancial performance
This year we have changed the format of our consolidated nancial statements, with the aim
of making them clear and easier to follow.
On pages 90 to 97 we have created an integrated nancial review, combining a commentary
on items within the primary nancial statements.
We have changed the order of the footnotes to help with the ow of information, focusing
on areas that we feel are key to understanding our business. Additional information that we are
required to disclose by accounting standard or regulation has been moved to appendices.
In addition, each footnote now begins with a simple introduction outlining the purpose
of the note.
We hope this format makes it easier for you to navigate to the information that is important to you.
† The nancial commentary on pages 91, 93, 95 and 97 form part of the business review and
areunaudited.
83 Vodafone Group Plc
Annual Report 2013
Overview Business
review Performance Governance Financials Additional
information