Vodafone 1997 Annual Report Download - page 10

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Vodafone Group Plc Annual Report & Accounts for the year ended 31 March 1997 - Review of results
Turnover
Group turnover for the financial year increased by 25% to £1,749.0m.
Turnover in the UK grew by 19%, principally as a result of new subscribers
joining the digital network and increasing roaming revenues from both visitors
using the UK digital network and UK customers using overseas networks. The
acquisitions of Talkland, Peoples Phone and Astec did not have a material
effect on turnover as their activities derive substantially from services provided
by Vodafone, a fellow Group subsidiary company.
In Continental Europe, turnover increased by 85% to £139.8m due to the
inclusion of Panafon and Panavox from 1 February 1997, when these
companies became subsidiaries following an increase in the Group's
shareholding to 55%, and also due to subscriber growth in Vodafone SA.
Turnover in the Pacific Rim grew by £46.7m to £130.3m, principally in
Australia where Vodafone Pty's subscriber base grew by 57%.
Proportionate turnover, which reflects the Group's ownership interests in its worldwide operations,
increased by 25% in the year.
International businesses increased proportionate turnover by 63% to £673m as proportionate subscribers
almost doubled to 1,149,000 subscribers.
Proportionate turnover 1997 1996 Increase
£m £m %
UK 1,561 1,369 14
Australia 134 86 56
France 177 106 67
http://www.vodafone.com/download/investor/reports/annual97/3/1.htm (1 of 4)29/03/2007 22:32:38