Vodafone 2014 Annual Report Download - page 89

Page
88 Directors’ statement
ofresponsibility
90 Audit report on internal control
over nancial reporting
91 Audit report on the consolidated
and parent company
nancial statements
96 Consolidated nancial statements
and nancial commentary
96 Consolidated income statement
96 Consolidated statement
ofcomprehensive income
98 Consolidated statement
ofnancial position
100 Consolidated statement ofchanges
in equity
102 Consolidated statement ofcashows
Page
104 Notes to the consolidated
nancialstatements:
104 1. Basis of preparation
Income statement
109 2. Segmental analysis
113 3. Operating (loss)/ prot
114 4. Impairment losses
118 5. Investment income and
nancingcosts
119 6. Taxation
123 7. Discontinued oper ations
124 8. Earnings per share
124 9. Equity dividends
Financial position
125 10. Intangible assets
127 11. Property, plant and equipment
129 12. Investments in associates and
jointventures
132 13. Other investments
133 1 4. Inventory
134 15. Trade and other receivables
135 1 6. Trade and other payables
136 17. Provisions
137 1 8. Called up share capital
Cash ows
138 19. Reconciliation of net cash ow from
operating activities
138 20. Cash and cash equivalents
139 21. Borrowings
143 22. Liquidity and capital resources
146 23. Capital and nancial risk
management
Employee remuneration
151 2 4. Directors and key management
compensation
152 25. Employees
153 26. Post employment benets
157 27. Share-based payments
Additional disclosures
159 28. Acquisitions and disposals
163 29. Commitments
164 30. Contingent liabilities
167 31. Related party transactions
167 32. Principal subsidiaries
170 33. Subsidiaries exempt from audit
170 34. Subsequent events
Page
171 Other unaudited
nancial information:
171 Prior year operating results
176 Company balance sheet
ofVodafone Group Plc
177 Notes to the Company
nancialstatements:
177 1. Basis of preparation
178 2. Fixed assets
178 3. Debtor s
179 4. Other investments
179 5. Creditors
179 6. Share capital
180 7. Share-based payments
180 8. Reserves and reconciliation
ofmovements in equity
shareholders’ funds
180 9. Equity dividends
181 10. Contingent liabilities
Reporting our nancial performance
We continue to review the format of our consolidated nancial statements with the aim of making them clear and easier to follow. This year,
in addition to continuing with the integrated nancial review which combines commentary on certain items within the primary nancial statements,
we have changed the order and grouping of the notes to the nancial statements to help with the ow of information and focus on areas that we feel
are key to understanding our business. We have also placed accounting policies within the notes to the accounts to which they best relate. We hope
this format makes it easier for you to navigate to the information that is important to you.
The “Consolidated nancial statements” on pages 96 to 170 are presented on a statutory basis which, under IFRS
accounting principles, includes the nancial results of the Group’s joint ventures using the equity accounting basis.
As detailed in “Financial highlights” on page 3, this differs from the management basis used in the discussion
of our results in the strategic report, which includes the results of the Group’s joint ventures on a proportionate
basis, which is how the business is managed and operated and performance reported to management. See note 2
“Segmental analysis” to the consolidated nancial statements for further information and reconciliations between
the management and statutory basis.
87Overview
Strategy
review Performance Governance Financials
Additional
information
Contents