Vodafone Group Plc Annual Report for the year ended 31 March 2012

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Vodafone Group Plc Annual Report 2012 142 Audit report on the Company financial statements Independent auditor’s report to the members of Vodafone Group Plc We have audited the parent company financial statements of Vodafone Group Plc for the year ended 31 March 2012 which comprise the balance sheet and the related notes 1 to 11. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed. Respective responsibilities of directors and auditor As explained more fully in the directors’ statement of responsibilities, the directors are responsible for the preparation of the parent company financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the parent company financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors. Scope of the audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the parent company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the annual report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. Opinion on financial statements In our opinion the parent company financial statements: aa give a true and fair view of the state of the parent company’s affairs as at 31 March 2012; aa have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and aa have been prepared in accordance with the requirements of the Companies Act 2006. Opinion on other matters prescribed by the Companies Act 2006 In our opinion: aa the part of the directors’ remuneration report to be audited has been properly prepared in accordance with the Companies Act 2006; and aa the information given in the directors’ report for the financial year for which the financial statements are prepared is consistent with the parent company financial statements. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: aa adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or aa the parent company financial statements and the part of the directors’ remuneration report to be audited are not in agreement with the accounting records and returns; or aa certain disclosures of directors’ remuneration specified by law are not made; or aa we have not received all the information and explanations we require for our audit. Other matter We have reported separately on the consolidated financial statements of Vodafone Group Plc for the year ended 31 March 2012. Panos Kakoullis FCA (Senior Statutory Auditor) for and on behalf of Deloitte LLP Chartered Accountants and Statutory Auditor London United Kingdom 22 May 2012
Vodafone Group Plc Annual Report 2012 Company financial statements of Vodafone Group Plc at 31 March 143 2012 2011 Note £m £m Fixed assets Shares in Group undertakings 3 65,036 65,112 Current assets Debtors: amounts falling due after more than one year 4 2,443 1,756 Debtors: amounts falling due within one year 4 145,584 133,550 Other investments 5 49 64 Cash at bank and in hand 72 1,430 148,148 136,800 Creditors: amounts falling due within one year 6 (100,271) (94,151) Net current assets 47,877 42,649 Total assets less current liabilities 112,913 107,761 Creditors: amounts falling due after more than one year 6 (21,584) (21,760) 91,329 86,001 Capital and reserves Called up share capital 7 3,866 4,082 Share premium account 9 43,051 43,028 Capital redemption reserve 9 10,388 10,172 Capital reserve 9 88 88 Other reserves 9 946 1,015 Own shares held 9 (7,889) (8,202) Profit and loss account 9 40,879 35,818 Equity shareholders’ funds 91,329 86,001 The Company financial statements were approved by the Board of directors on 22 May 2012 and were signed on its behalf by: Vittorio Colao Andy Halford Chief Executive Chief Financial Officer The accompanying notes are an integral part of these financial statements. Business review Performance Governance Financials Additional information
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Risk overview Vodafone Group Plc An
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Principal risk factors and uncertai
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Corporate governance Vodafone Group
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Directors’ statement of responsib
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Vodafone Group Plc Annual Report for the year ended 31 March 2012

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