Vodafone 2009 Annual Report Download - page 70

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68 Vodafone Group Plc Annual Report 2009
Contents
Directors’ statement of responsibility 69
Audit report on internal controls 70
Critical accounting estimates 71
Audit report on the consolidated nancial statements 73
Consolidated nancial statements
Consolidated income statement for the years ended 31 March 74
Consolidated statement of recognised income and expense for
the years ended 31 March 74
Consolidated balance sheet at 31 March 75
Consolidated cash flow statement for the years ended 31 March 76
Notes to the consolidated nancial statements:
1. Basis of preparation 77
2. Significant accounting policies 77
3. Segment analysis 82
4. Operating profit/(loss) 84
5. Investment income and financing costs 85
6. Taxation 86
7. Equity dividends 88
8. Earnings/(loss) per share 88
9. Intangible assets 89
10. Impairment 90
11. Property, plant and equipment 93
12. Principal subsidiary undertakings 94
13. Investments in joint ventures 95
14. Investments in associated undertakings 96
15. Other investments 96
16. Inventory 97
17. Trade and other receivables 97
18. Cash and cash equivalents 98
19. Called up share capital 98
20. Share-based payments 99
21. Transactions with equity shareholders 101
22. Movements in accumulated other recognised income and expense 101
23. Movements in retained losses 101
24. Capital and financial risk management 102
25. Borrowings 104
26. Post employment benefits 108
27. Provisions 110
28. Trade and other payables 110
29. Acquisitions 111
30. Disposals and discontinued operations 112
31. Reconciliation of net cash flows from operating activities 113
32. Commitments 114
33. Contingent liabilities 114
34. Directors and key management compensation 116
35. Related party transactions 116
36. Employees 117
37. Subsequent events 117
38. New accounting standards 118
39. Change in accounting policy 119
Audit report on the Company nancial statements 120
Company nancial statements of Vodafone Group Plc 121
Notes to the Company nancial statements:
1. Basis of preparation 122
2. Significant accounting policies 122
3. Fixed assets 123
4. Debtors 123
5. Creditors 124
6. Share capital 124
7. Share-based payments 125
8. Reserves and reconciliation of movements in equity shareholders’ funds 125
9. Equity dividends 126
10. Contingent liabilities 126