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Vodafone AirTouch Plc Annual Report & Accounts for the year ended 31 March 2000
34
Notes to the Consolidated Financial Statements
1 Segmental analysis
The Group operates substantially in one class of business, the supply of mobile telecommunications services and products. Analyses of
turnover, profit on ordinary activities before interest and net assets by geographical region are as follows:
Continuing
operations Acquisitions 2000 1999
£m £m £m £m
Turnover: Group and share of joint ventures
Europe, Middle East & Africa 1,107 715 1,822 945
United Kingdom 2,826 75 2,901 2,088
United States & Asia Pacific 565 2,947 3,512 327
–––––––– –––––––– –––––––– ––––––––
4,498 3,737 8,235 3,360
Less: Share of joint ventures
United States & Asia Pacific – (362) (362) –
–––––––– –––––––– –––––––– ––––––––
Group turnover 4,498 3,375 7,873 3,360
–––––––– –––––––– –––––––– ––––––––
Total Group operating profit before goodwill and exceptional items
Europe, Middle East & Africa 355 748 1,103 314
United Kingdom 708 (2) 706 644
United States & Asia Pacific 40 689 729 14
–––––––– –––––––– –––––––– ––––––––
1,103 1,435 2,538 972
Amortisation of goodwill (19) (1,693) (1,712) (9)
Exceptional reorganisation costs – (30) (30) –
Disposal of fixed asset investments 954 – 954 66
–––––––– –––––––– –––––––– ––––––––
Profit/(loss) on ordinary activities before interest 2,038 (288) 1,750 1,029
–––––––– –––––––– –––––––– ––––––––
Europe, Middle East & Africa 1,291 (155) 1,136 375
United Kingdom 719 (13) 706 643
United States & Asia Pacific 28 (120) (92) 11
–––––––– –––––––– –––––––– ––––––––
2,038 (288) 1,750 1,029
–––––––– –––––––– –––––––– ––––––––
Net assets and attributed goodwill
Europe, Middle East & Africa 119,511 900
United Kingdom 729 779
United States & Asia Pacific 28,763 753
Net borrowings (6,643) (1,508)
–––––––– ––––––––
142,360 924
–––––––– ––––––––
Amounts for acquisitions primarily comprise the results of AirTouch Communications, Inc. and its subsidiaries, joint ventures and associated
undertakings from 30 June 1999, and CommNet Cellular Inc., the acquisition of which was completed on 6 January 2000. Further details
regarding acquisitions are included in note 21.
Turnover is by origin, which is not materially different from turnover by destination.
Joint ventures and associated undertakings
The Group’s share of the (loss)/profit on ordinary activities before interest, and share of net assets, of joint ventures and associated
undertakings included in the above geographical analyses are as follows:
Joint ventures Associated undertakings
2000 1999 2000 1999
£m £m £m £m
Share of (loss)/profit on ordinary activities before interest
Europe, Middle East & Africa ––(135) 111
United Kingdom ––34
United States & Asia Pacific (40) –(13) 3
–––––––– –––––––– –––––––– ––––––––
(40) –(145) 118
–––––––– –––––––– –––––––– ––––––––
Share of net assets and attributed goodwill
Europe, Middle East & Africa ––13,798 262
United Kingdom –––(6)
United States & Asia Pacific 2,671 –4,181 13
–––––––– –––––––– –––––––– ––––––––
2,671 –17,979 269
–––––––– –––––––– –––––––– ––––––––