Vodafone 2000 Annual Report Download - page 60

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Vodafone AirTouch Plc Annual Report & Accounts for the year ended 31 March 2000
58
United States Accounting Principles
The following is a summary of the effects of the differences between US Generally Accepted Accounting Principles (“US GAAP”) and UK Generally
Accepted Accounting Principles (“UK GAAP”) that are significant to Vodafone AirTouch Plc. The principles are set out on page 59.
Net income and earnings per ordinary share
2000 1999
£m £m
Net income as reported in accordance with UK GAAP 487 637
Items (decreasing)/increasing net income:
Goodwill amortisation (425) (99)
Reorganisation costs 25 –
Profit on disposal of fixed asset investments 14
Income taxes 439 (28)
Minority interests 35 –
Other (9) (4)
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Net income in accordance with US GAAP 553 510
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Basic earnings per ordinary share in accordance with US GAAP 2.04p 3.30p
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Diluted earnings per ordinary share in accordance with US GAAP 2.02p 3.29p
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Shareholders’ equity 2000 1999
£m £m
Shareholders’ equity as reported in accordance with UK GAAP 140,833 815
Items increasing/(decreasing) shareholders’ equity:
Goodwill – net of amortisation 10,283 1,031
Fixed asset investments 9,054 –
Cumulative deferred income taxes (12,334) (71)
Proposed dividends 417 100
Minority interests (1,939) (3)
Other 20 (14)
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Shareholders’ equity in accordance with US GAAP 146,334 1,858
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Total assets 2000 1999
£m £m
Total assets as reported in accordance with UK GAAP 153,368 3,643
Items increasing total assets:
Goodwill – net of amortisation 10,283 1,031
Fixed asset investments 9,054 –
Deferred tax asset 616 44
Other 26 1
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Total assets in accordance with US GAAP 173,347 4,719
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