Vodafone 2002 Annual Report Download - page 142

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Vodafone Group Plc Annual Report & Accounts and Form 20-F Notes to the Consolidated Financial Statements140
37. US GAAP information continued
Non-consolidated subsidiaries as defined under US GAAP comprise Omnitel throughout the period and Airtel up until 29 June 2001 – see “Summary of
differences between accounting principles generally accepted in the UK and the US” on page 127.
Included in current liabilities and long-term debt are amounts owed to the Group, other shareholders of the associated companies and third parties.
The Group’s share of all associated companies’ debt amounted to £5,718m at 31 March 2002 (2001: £6,734m).
Summary financial information for Verizon Wireless for the period from 3 April 2000 (the date of formation of Verizon Wireless) to 31 March 2002 and
summary financial information for Omnitel for the years ended 31 March 2002 and 2001 is set out below. The financial information is extracted on a 100%
basis from accounts prepared under UK GAAP.
Verizon Wireless Omnitel
2002 2001 2002 2001
£m £m £m £m
Assets
Current assets 3,728 2,981 1,805 634
Non-current assets 12,838 10,792 3,112 2,893
16,566 13,773 4,917 3,527
Liabilities and equity shareholders’ funds
Current liabilities 8,405 8,105 1,483 1,194
Long-term liabilities 4,772 5,330 ––
Total equity shareholders’ funds 3,389 338 3,434 2,333
16,566 13,773 4,917 3,527
Turnover 12,449 10,266 3,732 3,073
Operating profit, before amortisation of goodwill 3,029 2,451 1,344 1,068
Notes to the Consolidated Financial Statements continued