Vodafone 2014 Annual Report Download - page 183

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9. Equity dividends
Accounting policies
Dividends paid and received are included in the Company nancial statements in the period in which the related dividends are actually paid
or received or, in respect of the Company’s nal dividend for the year, approved by shareholders.
20142013
£m £m
Declared during the nancial year:
Final dividend for the year ended 31 March 2013: 6.92 pence per share (2013: 6.47 pence per share) 3,365 3,193
Interim dividend for the year ended 31 March 2014: 3.53 pence per share (2013: 3.27 pence per share) 1,711 1,608
Special dividend for the year ended 31 March 2014: 172.94 US cents per share (2013: nil)135,490 –
40,566 4,801
Proposed after the balance sheet date and not recognised as a liability:
Final dividend for the year ended 31 March 2014: 7.47 pence per share (2013: 6.92 pence per share) 1,975 3,377
Note:
1 Refer to note 9 “Equity dividends” in the consolidated nancial statements for further information on the Return of Value to shareholders, following the disposal of the US Group whose principal asset was its 45% interest
in VZW.
10. Contingent liabilities
20142013
£m £m
Performance bonds1171 174
Other guarantees and contingent liabilities 2,738 1,856
Note:
1 Performance bonds require the Company to make payments to third parties in the event that the Company or its subsidiaries do not perform what is expected of them under the terms of any related contracts.
Other guarantees and contingent liabilities
Other guarantees principally comprise the Company’s guarantee of the Group’s 50% share of an AUD 1.7 billion loan facility and a US$3.5 billion
loan facility of its joint venture, Vodafone Hutchison Australia Pty Limited, and the counter indemnication by the Company of guarantees
provided by an indirect subsidiary of the Company to Piramal Healthcare Limited (‘Piramal’) for INR 89.2 billion (£986 million; 2013: £1,080 million).
The guarantees to Piramal were made in respect to its acquisition of 10.97% shareholding in Vodafone India Limited (‘VIL’) during the 2013 nancial
year. On 11 April 2014, the Group acquired the remaining 10.97% of its Indian subsidiary, Vodafone India Limited, from Piramal Enterprises Limited.
The Company will guarantee the debts and liabilities of certain of its UK subsidiaries at the balance sheet date in accordance with section 479C
of the Companies Act 2006. The Company has assessed the probability of loss under these guarantees as remote.
As discussed in note 30 “Contingent liabilities” to the consolidated nancial statements the Company has covenanted to provide security in favour
of the trustee of the Vodafone Group UK Pension Scheme and the Trustees of the Cable & Wireless Worldwide Retirement Plan and THUS Plc
Group Scheme.
Legal proceedings
Details regarding certain legal actions which involve the Company are set out in note 30 “Contingent liabilities” to the consolidated
nancial statements.
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