Vodafone 2014 Annual Report Download - page 128
Download and view the complete annual report
Please find page 128 of the 2014 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.-
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
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
 |
 |
10. Intangible assets (continued)
Licences and Computer
Goodwill spectrum software Other Total
£m £m £m £m £m
Cost:
1 April 2012 restated 72,840 26,480 8,018 2,783 110 ,121
Exchange movements 417 (62) 49 (213) 191
Arising on acquisition 59 28 63 335 485
Additions – 2,430 1,307 – 3,737
Disposals of subsidiaries – (9) (554) – (563)
Disposals – – (4) – (4)
Other – 4 – – 4
31 March 2013 restated 73,316 28,871 8,879 2,905 113,971
Exchange movements (3,054) (1,757) (375) (434) (5,620)
Arising on acquisition 6,859 1,319 464 2,861 11,503
Additions – 2,228 1,437 – 3,665
Disposals – (74) (296) – (370)
Other – 5 103 – 108
31 March 2014 77,121 30,592 10,212 5,332 123,257
Accumulated impairment losses and amortisation:
1 April 2012 restated 45,024 10,886 5,471 2,162 63,543
Exchange movements 702 30 38 (153) 617
Amortisation charge for the year – 1,623 1,15 0 251 3,024
Impairment losses 3,200 – – – 3,200
Disposals of subsidiaries – (5) (545) – (550)
Disposals – – (3) – (3)
Other – – 1 – 1
31 March 2013 restated 48,926 12,534 6,112 2,260 69,832
Exchange movements (1,720) (732) (261) (338) (3,051)
Amortisation charge for the year – 1,683 1,282 557 3,522
Impairment losses 6,600 – – – 6,600
Disposals – (65) (278) – (343)
Other – – 9 – 9
31 March 2014 53,806 13,420 6,864 2,479 76,569
Net book value:
31 March 2013 restated 24,390 16,337 2,767 645 44,139
31 March 2014 23,315 17,172 3,348 2,853 46,688
For licences and spectrum and other intangible assets, amortisation is included within the cost of sales line within the consolidated income
statement. Licences and spectrum with a net book value of £3,885 million (2013: £2,707 million) have been pledged as security against borrowings.
The net book value and expiry dates of the most signicant licences are as follows:
2014
Restated
2013
Expiry date £m £m
Germany 2016/2020/2025 3,743 4,329
Italy 2015/2021/2029 1,301 –
UK 2021/2033 3,425 3,782
India 2014–2030 3,885 2,702
Qatar 2028 945 1,111
Netherlands 2016/2029/2030 1,188 1,329
The remaining amortisation period for each of the licences in the table above corresponds to the expiry date of the respective licence. A summary
of the Group’s most signicant spectrum licences can be found on page 194.
Notes to the consolidated nancial statements (continued)
Vodafone Group Plc
Annual Report 2014126