Vodafone 2016 Annual Report Download - page 3

Contents
Unless otherwise stated references to “year” or “2016” mean the nancial year ended 31 March 2016, to “2015” or “previous year” mean the nancial year ended 31 March 2015,
and to the “fourth quarter” or “Q4” are to the quarter ended31 March 2016. For other references please refer to page 35.
All amounts marked with an “*” represent “organic growth”, which presents performance on a comparable basis, both in terms of merger and acquisition activity as well as in terms
of movements in foreign exchange rates. See denition on page 191 for more information. Denitions of terms used throughout the report can be found on pages 200 and 201.
The terms “Vodafone”, the “Group”, “we”, “our” and “us” refer to the Company and, as applicable, its subsidiaries and/or interests in joint ventures and associates.
Website references are for information only and do not constitute part of this Annual Report. This report is dated 17 May 2016.
Welcome to our
2016 Annual Report
Governance
An explanation of how we are organised, what the
Board has focused on and how it has performed,
our diversity practices, how we communicate
with our shareholders and how our Directors
are rewarded.
38 Chairman’s introduction
39 Our governance framework
40 Board of Directors
42 Executive Committee
44 Board activities
45 Board evaluation, induction and training
46 Shareholder engagement
47 Board committees
54 Compliance with the 2014 UK Corporate
Governance Code
56 Our US listing requirements
57 Directors’ remuneration
74 Directors’ report
Financials
The statutory nancial statements of the Group and
the Company andassociated audit reports.
75 Contents
76 Directors’ statement of responsibility
78 Report of independent registered public
accounting rm
79 Audit report on the consolidated and parent
company nancial statements
87 Consolidated nancial statements
and nancial commentary
168 Company nancial statements
Additional Information
Find out about our shares, information on our history
and development, regulatory matters impacting our
business and other statutory nancial information.
175 Shareholder information
182 History and development
183 Regulation
190 Non-GAAP information
195 Form 20-F cross reference guide
198 Forward-looking statements
200 Denition of terms
202 Selected nancial data
Overview
An introduction to the report covering who
we are, the Chairman’s reections on the year,
notable events, and a snapshot of where and how
we do business.
02 Performance highlights
03 Chairman’s statement
04 At a glance
06 Our business model
08 Market overview
Performance
Commentary on the Group’s
operating performance.
30 Operating results
36 Financial position and resources
Strategy
A summary of the changing landscape we operate
in, and how that has shaped our strategy and
nancial position. Plus a review of performance
against our goals and our approach to running
a sustainable business.
10 Chief Executive’s strategic review
14 Chief Financial Ofcer’s review
16 Key performance indicators
18 Our people
20 Sustainable business
22 Risk management
The Overview, Strategy Review and Performance sections constitute the Strategic Report.
These are based on an assessment of our performance using the key strategic areas as set out on page 10.
Overview Strategy review Performance Governance Financials Additional information
Vodafone Group Plc
Annual Report 2016
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