Vodafone 2014 Annual Report Download - page 139

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Provisions have been analysed between current and non-current as follows:
31 March 2014
Asset
retirement Legal and
obligations regulatory Other Total
£m £m £m £m
Current liabilities 14 271 678 963
Non-current liabilities 471 286 89 846
485 557 767 1,809
31 March 2013
Asset
retirement Legal and
obligations regulatory Other Total
£m £m £m £m
Current liabilities 11 209 495 715
Non-current liabilities 456 241 158 855
467 450 653 1,570
18. Called up share capital
Called up share capital is the number of shares in issue at their par value. A number of shares were allotted during
the year in relation to employee share schemes.
Accounting policies
Equity instruments issued by the Group are recorded at the proceeds received, net of direct issuance costs
2014 2013
Number £m Number £m
Ordinary shares of 2020/21 US cents each allotted, issued and fully paid:1
1 April 53,820,386,309 3,866 5 3, 815 ,0 07, 2 8 9 3,866
Allotted during the year 1,423,737 –5,379,020 –
Consolidated during the year2(24,009,886,918) – – –
Cancelled during the year (1,000,000,000) (74) – –
31 March 28,811,923,128 3,792 53,820,386,309 3,866
Note:
1 At 31 March 2014, the Group held 2,371,962,907 (2013: 4,901,767,844) treasury shares with a nominal value of £312 million (2013: £352 million). The market value of shares held was £5,225 million (2013: £9,147 million).
Duringthe year 103,748,921 (2013: 161,289,620) treasury shares were reissued under Group share option schemes.
2 On 19 February 2014, we announced a “6 for 11” share consolidation effective 24 February 2014. This had the effect of reducing the number of shares in issue from 52,821,751,216 ordinary shares (including 4,351,833,492
ordinary shares held in Treasury) as at the close of business on 18 February 2014 to 28,811,864,298 new ordinary shares in issue immediately after the share consolidation on 24 February 2014.
During the year, we issued 14,732,741,283 B shares of US$1.88477 per share and 33,737,176,433 C shares of US$0.00001 per share as part
of the Return of Value following the disposal of our US Group, whose principal asset was its 45% stake in Verizon Wireless. The B shares were
cancelled as part of the Return of Value. The C shares were reclassied as deferred shares with no substantive rights as part of the Return of Value
and transferred to LDC (Shares) Limited (‘LDC’). After 22 February 2015 and without prior notice we may repurchase, or be required by LDC
to repurchase, and then subsequently cancel all deferred shares for a total price of not more than one cent for all deferred shares repurchased.
Allotted during the year
Nominal Net
value proceeds
Number £m £m
UK share awards – – –
US share awards 1,423,737 – –
Total share awards 1,423,737 – –
Annual Report 2014 137Overview
Strategy
review Performance Governance Financials Additional
information