Vodafone 2016 Annual Report Download - page 173

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Overview Strategy review Performance Governance Financials Additional information
Vodafone Group Plc
Annual Report 2016
171
2. Fixed assets
Accounting policies
Shares in Group undertakings are stated at cost less any provision for impairment.
The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment
may not be recoverable. If any such indication of impairment exists, the Company makes an estimate of the recoverable amount. If the recoverable
amount of the cash-generating unit is less than the value of the investment, the investment is considered to be impaired and is written down to its
recoverable amount. An impairment loss is recognised immediately in the income statement.
Shares in Group undertakings
£m
Cost:
1 April 2015 70,604
Additions 2,070
Capital contributions arising from share-based payments 116
Contributions received in relation to share-based payments (93)
31 March 2016 72,697
Amounts provided for:
1 April 2015 5,806
Amounts provided in the year –
31 March 2016 5,806
Net book value:
31 March 2015 64,798
31 March 2016 66,891
At 31 March 2016 the Company had the following principal subsidiary:
Name Principal activity Countryof incorporation Percentage shareholding
Vodafone European Investments Holding company England 100
Details of direct and indirect related undertakings are set out in note 33 “Related undertakings” to the consolidated nancial statements.
3. Debtors
2016 2015
£m £m
Amounts falling due within one year:
Amounts owed by subsidiaries 166,609 156,933
Taxation recoverable 162 161
Other debtors 108 109
Derivative nancial instruments1795 267
167,674 157,470
Amounts falling due after more than one year:
Derivative nancial instruments13,422 3,676
Note:
1. Amounts falling due within one year include amounts in relation to cross currency swaps £484 million (2015: £158 million), interest rate swaps £43 million (2015: £76 million), options £36 million
(2015: £nil) and foreign exchange contracts £231 million (2015: £33 million). The amounts falling due in more than one year includes amounts in relation to cross currency swaps £1,140 million
(2015: £1,288 million) and interest rate swaps £2,281 million (2015: £2,388 million).
4. Other investments
Accounting policies
Investments classied as loans and receivables are stated at amortised cost using the effective interest rate method, less any impairment.
2016 2015
£m £m
Investments11,574 37
Note:
1 Investments include collateral paid on derivative nancial instruments of £1,574 million (2015: £37 million). The amount for 2016 includes £1,460 million paid as collateral on put options issued
in relation to the mandatory convertible bond issue.