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Vodafone – Additional Information Financial Highlights 2008 2007 2006 2005 At/year ended 31 March £m £m £m £m Consolidated Income Statement data Revenue 35,478 31,104 29,350 26,678 Operating profit/(loss) 10,047 (1,564) (14,084) 7,878 Adjusted operating profit (non-GAAP measure) (1) 10,075 9,531 9,399 8,353 Profit/(loss) before taxation 9,001 (2,383) (14,853) 7,285 Profit/(loss) for the financial year from continuing operations 6,756 (4,806) (17,233) 5,416 Profit/(loss) for the financial year 6,756 (5,297) (21,821) 6,518 Consolidated Balance Sheet data Total assets 127,270 109,617 126,738 147,197 Total equity 76,471 67,293 85,312 113,648 Total equity shareholders’ funds 78,043 67,067 85,425 113,800 Earnings Per Share (“EPS”) (2) Weighted average number of shares (millions) – Basic 53,019 55,144 62,607 66,196 – Diluted 53,287 55,144 62,607 66,427 Basic earnings/(loss) per ordinary share – Profit/(loss) from continuing operations 12.56p (8.94)p (27.66)p 8.12p – Profit/(loss) for the financial year 12.56p (9.84)p (35.01)p 9.68p Diluted earnings/(loss) per ordinary share – Profit/(loss) from continuing operations 12.50p (8.94)p (27.66)p 8.09p – Profit/(loss) for the financial year 12.50p (9.84)p (35.01)p 9.65p Cash dividends (2)(3)(4) Amount per ordinary share (pence) (5) 7.51p 6.76p 6.07p 4.07p Amount per ADS (pence) (5) 75.1p 67.6p 60.7p 40.7p Amount per ordinary share (US cents) (2)(5) 14.91c 13.28c 10.56c 7.68c Amount per ADS (US cents) (2)(5) 149.1c 132.8c 105.6c 76.8c Other data Ratio of earnings to fixed charges (6) 3.9 – – 7.0 Deficit – (4,389) (16,520) – Notes: (1) Refer to “Non-GAAP Information” on page 150 for a reconciliation of this non-GAAP measure to the most comparable GAAP measure and a discussion of this measure. (2) See note 8 to the Consolidated Financial Statements, “Earnings/(loss) per share”. Earnings and dividends per ADS is calculated by multiplying earnings per ordinary share by ten, the number of ordinary shares per ADS. Dividend per ADS is calculated on the same basis. (3) The final dividend for the year ended 31 March 2008 was proposed by the directors on 27 May 2008. (4) The cash dividend per ordinary share for the year ended 31 March 2004 was 2.0315p (amount per ADS: 20.315p). (5) The final dividend for the year ended 31 March 2008 was proposed on 27 May 2008 and is payable on 1 August 2008 to holders of record as of 6 June 2008. This dividend has been translated into US dollars at 31 March 2008 for ADS holders but will be payable in US dollars under the terms of the ADS depositary agreement. (6) For the purposes of calculating these ratios, earnings consist of profit before tax adjusted for fixed charges, dividend income from associated undertakings, share of profits and losses from associated undertakings and profits and losses on ordinary activities before taxation from discontinued operations. Fixed charges comprise one-third of payments under operating leases, representing the estimated interest element of these payments, interest payable and similar charges and preferred share dividends. 156 Vodafone Group Plc Annual Report 2008
Contact Details Investor Relations Telephone: +44 (0) 1635 664447 Media Relations Telephone: +44 (0) 1635 664444 Corporate Responsibility Fax: +44 (0) 1635 674478 E-mail: responsibility@vodafone.com Website: www.vodafone.com/responsibility We want to keep the environmental impact of the documents in our Annual Report package to a minimum. We have therefore given careful consideration to the production process. This document is printed on Revive 75 Silk, manufactured in the EU at mills with ISO 14001 accreditation and comprising 50% de-inked post consumer waste, 25% pre-consumer waste and 25% virgin fibre. The FSC logo identifies products which contain wood from well-managed forests certified in accordance with the rules of the Forest Stewardship Council. Printed by St Ives in accordance with the ISO 14001 environmental management system using vegetable-based inks. The printer holds FSC Chain of Custody (certificate number SGS-COC-1732). All the steps we have taken demonstrate our commitment to making sustainable choices. Printed in the United Kingdom Designed and produced by Addison Corporate Marketing
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Vodafone Group Plc Annual Report Fo
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Vodafone - Executive Summary Highli
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Total shareholder return April 2007
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Messaging revenue increased by 8.1%
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As well as driving growth in our ex
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Services Voice Messaging Data Fixed
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Strategy Vodafone’s five key stra
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EMAPA Deliver strong growth in emer
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Voice Voice services continue to ma
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• • Access & transmission netwo
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Research and development (“R&D”
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It also allows an open exchange of
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Sponsorships Vodafone’s global sp
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Voice services continue to make up
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The Group offers a number of produc
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Enables customers to utilise the se
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Strategic KPIs Year ended 31 March
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Adjusted operating profit increased
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Mobile telecommunications KPIs Germ
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Germany Adjusted operating profit f
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Mobile telecommunications KPIs 2008
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Associates 2008 2007 Verizon Wirele
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The Group’s share of results from
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Mobile telecommunications KPIs Germ
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As many of the cost reduction initi
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Mobile telecommunications KPIs 2007
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Outlook 2009 financial year Adjuste
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Expected benefits from investment i
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Equity dividends The table below se
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Funding The Group’s consolidated
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Corporate Responsibility The Board
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Vodafone requires manufacturers of
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8 9 10 11 12 13 14 8. Nick Land §
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Corporate Governance The Board of t
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Re-election of directors Although n
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provisions of the Companies Act 198
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Directors’ Remuneration Dear Shar
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How the executive directors were pa
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Grants made and payouts received in
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Audited information Remuneration fo
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Long term incentives Performance sh
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Beneficial interests The directors
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Directors’ Statement of Responsib
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Critical Accounting Estimates The G
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Taxation The Group’s tax charge o
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Consolidated Balance Sheet at 31 Ma
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Notes to the Consolidated Financial
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determined had no impairment loss b
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Capital market and bank borrowings
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A reconciliation of adjusted operat
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5. Investment income and financing
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Deferred tax Analysis of movements
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9. Intangible assets Licences and s
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Page 109 and 110: 11. Property, plant and equipment L
Page 111 and 112: 13. Investments in joint ventures P
Page 113 and 114: 16. Inventory 2008 2007 £m £m Goo
Page 115 and 116: 20. Share-based payments The Compan
Page 117 and 118: 21. Transactions with equity shareh
Page 119 and 120: would reduce or increase profit bef
Page 121 and 122: Bank loans also include INR66 billi
Page 123 and 124: 25. Post employment benefits Backgr
Page 125 and 126: 26. Provisions Asset retirement Oth
Page 127 and 128: Pro forma full year information The
Page 129 and 130: 30. Reconciliation of net cash flow
Page 131 and 132: 33. Directors and key management co
Page 133 and 134: 37. New accounting standards The Gr
Page 135 and 136: Audit Report on the Company Financi
Page 137 and 138: Notes to the Company Financial Stat
Page 139 and 140: 5. Creditors 2008 2007 £m £m Amou
Page 141 and 142: 9. Equity dividends 2008 2007 £m
Page 143 and 144: Shareholders and other interested p
Page 145 and 146: any connected person) is a sharehol
Page 147 and 148: This section describes, primarily f
Page 149 and 150: Vodafone - Additional Information R
Page 151 and 152: EMAPA Eastern Europe Poland The NRA
Page 153 and 154: Impact Impact of of foreign acquisi
Page 155 and 156: Item Form 20-F caption Location in
Page 157: Definition of Terms 3G broadband 3G
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