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The way ahead? - Vodafone

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138<br />

<strong>Vodafone</strong> Group Plc<br />

Annual Report 2013<br />

Notes to the consolidated financial statements (continued)<br />

A2. Segment analysis (continued)<br />

A reconciliation of EBITDA to operating profit is shown below. For a reconciliation of operating profit to profit before taxation, see the consolidated<br />

income statement on page 90.<br />

2013 2012 2011<br />

£m £m £m<br />

EBITDA 13,275 14,475 14,670<br />

Depreciation, amortisation and loss on disposal of fixed assets (7,792) (7,906) (7,967)<br />

Share of results in associates 6,477 4,963 5,059<br />

Impairment losses (7,700) (4,050) (6,150)<br />

Other income and expense 468 3,705 (16)<br />

Operating profit 4,728 11,187 5,596

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