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

Vodafone Group Plc
Annual Report 2012 94
Consolidated income statement
for the years ended 31 March
2012 2011 2010
Note £m £m £m
Revenue 3 46,417 45,884 44,472
Cost of sales (31,546) (30,814) (29,439)
Gross profit 14,871 15,070 15,033
Selling and distribution expenses (3,227) (3,067) (2,981)
Administrative expenses (5,075) (5,300) (5,328)
Share of result in associates 14 4,963 5,059 4,742
Impairment losses 10 (4,050) (6,150) (2,100)
Other income and expense 26 3,705 (16) 114
Operating profit 4 11,187 5,596 9,480
Non-operating income and expense 15 (162) 3,022 (10)
Investment income 5 456 1,309 716
Financing costs 5 (1,932) (429) (1,512)
Profit before taxation 9,549 9,498 8,674
Income tax expense 6 (2,546) (1,628) (56)
Profit for the financial year 7,003 7,870 8,618
Attributable to:
– Equity shareholders 6,957 7,968 8,645
– Non-controlling interests 46 (98) (27)
7,003 7,870 8,618
Basic earnings per share 8 13.74p 15.20p 16.44p
Diluted earnings per share 8 13.65p 15.11p 16.36p
Consolidated statement of comprehensive income
for the years ended 31 March
2012 2011 2010
£m £m £m
(Losses)/gains on revaluation of available-for-sale investments, net of tax (17) 310 206
Foreign exchange translation differences, net of tax (3,673) (2,132) (1,021)
Net actuarial (losses)/gains on defined benefit pension schemes, net of tax (272) 136 (104)
Revaluation gain – – 860
Foreign exchange gains transferred to the income statement (681) (630) (84)
Fair value (gains)/losses transferred to the income statement – (2,192) 3
Other, net of tax (10) 19 67
Other comprehensive loss (4,653) (4,489) (73)
Profit for the financial year 7,003 7,870 8,618
Total comprehensive income for the year 2,350 3,381 8,545
Attributable to:
– Equity shareholders 2,383 3,567 8,312
– Non-controlling interests (33) (186) 233
2,350 3,381 8,545
The accompanying notes are an integral part of these consolidated financial statements.