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17. Provisions (continued)
Provisions have been analysed between current and non-current as follows:
31 March 2015
Asset
retirement Legal and
obligations regulatory Other Total
£m £m £m £m
Current liabilities 14 311 442 767
Non-current liabilities 452 523 107 1,082
466 834 549 1,849
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
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.
2015 2014
Number £m Number £m
Ordinary shares of 2020/21 US cents each allotted, issued and fully paid:1
1 April 28,811,923,128 3,792 53,820,386,309 3,866
Allotted during the year 863,970 –1,423,737 –
Consolidated during the year2– – (24,009,886,918) –
Cancelled during the year – – (1,000,000,000) (74)
31 March 28,812,787,098 3,792 28,811,923,128 3,792
Notes:
1 At 31 March 2015, the Group held 2,300,749,013 (2014: 2,371,962,907) treasury shares with a nominal value of £303 million (2014: £312 million). The market value of shares held was
£5,072 million (2014: £5,225 million). Duringthe year, 71,213,894 (2014: 103,748,921) 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 to 31 March 2014, 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’). On 8 May 2015, we repurchased and then subsequently cancelled all deferred shares.
Allotted during the year
Nominal Net
value proceeds
Number £m £m
UK share awards 863,970 –2
US share awards –––
Total share awards 863,970 – 2
Notes to the consolidated nancial statements (continued)
Vodafone Group Plc
Annual Report 2015
142