Vodafone 2010 Annual Report Download - page 124

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122 Vodafone Group Plc Annual Report 2010
Notes to the Company nancial statements continued
5. Other investments
2010 2009
£m £m
Investments 388 –
The short-term investments are classified as available-for-sale and consist of index linked government bonds which are held on an effective floating rate basis.
6. Creditors
2010 2009
£m £m
Amounts falling due within one year:
Bank loans and other loans 4,360 7,717
Amounts owed to subsidiaries 73,663 84,394
Taxation payable 31 –
Other creditors 111 174
Accruals and deferred income 20 54
78,185 92,339
Amounts falling due after more than one year:
Other loans 23,488 21,707
Other creditors 352 263
23,840 21,970
Included in amounts falling due after more than one year are other loans of £12,468 million, which are due in more than five years from 1 April 2010 and are payable otherwise
than by instalments. Interest payable on these loans ranges from 2.15% to 8.125%.
7. Share capital
2010 2009
Number £m Number £m
Authorised:(1)
Ordinary shares of 113/7 US cents each 68,250,000,000 4,875 68,250,000,000 4,875
B shares of 15 pence each 38,563,935,574 5,784 38,563,935,574 5,784
Deferred shares of 15 pence each 28,036,064,426 4,206 28,036,064,426 4,206
Ordinary shares allotted, issued and fully paid:(2)
1 April 57,8 06, 283,716 4,153 58,255,055,725 4,182
Allotted during the year 2,963,016 – 51, 227,991 3
Cancelled during the year – – (500,000,000) (32)
31 March 57,809,246,732 4 ,153 57,806,283,716 4 ,153
B shares allotted, issued and fully paid:(3)
1 April – – 87,429,138 13
Redeemed during the year – – (87,429,138) (13)
31 March – – – –
Notes:
(1) 50,000 (2009: 50,000) 7% cumulative fixed rate shares of £1 each were authorised, allotted, issued and fully paid by the Company.
(2) At 31 March 2010 the Company held 5,146 ,112,159 (20 09: 5,322,411,101) treasury shares with a nominal value of £370 millio n (2009: £382 million). The number of shares held by the Group as t reasury
shares , at 31 March 2010, has been adjusted down by 27 millio n which represent s a number of shares that the Company previously repor ted as being purchased on the 10 Septemb er 2008, via Leh man
Brothers International (Europe) (‘LBIE’), and held in treasury. As a result of LBIE being placed in administration on the 15 September 2008 the shares were not settled to the Company’s designated
treasury account and are believed to be held in a proprietary account with the Administrator. The Company has treated the transaction to buy back the shares as failed.
(3) On 31 July 2006 Vodafone Group Plc undertook a return of capital to shareholders via a B share scheme and associated share consolidation. A total of 66,271,035,240 B shares were issued on that day,
and 66,271,035,240 existing ordinar y s hares of 10 US cents each were consolidate d into 57,987,155,835 new ord inar y shares of 113/7 US cents each. B shareholders were given the alternatives of initial
redemption or future redemption at 15 pence per share or the payment of an initial dividend of 15 pence per share. The initial redemption took place on 4 August 2006 with future redemption dates
on 5 February and 5 August each year until 5 August 2008 when the Company redeemed all B shares still in issue at their nominal value of 15 pence.
Allotted during the year
Nominal Net
value proceeds
Number £m £m
UK share awards and option scheme awards 1,612,486 – 1
US share awards and option scheme awards 1,350,530 – 2
Total for share awards and option scheme awards 2,963,016 – 3