Vodafone 2000 Annual Report Download - page 39

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Vodafone AirTouch Plc Annual Report & Accounts for the year ended 31 March 2000 37
6Equity dividends 2000 1999
£m £m
Interim dividend paid of 0.655p (1999 – 0.624p) per ordinary share 203 97
Second interim dividend declared of Nil p (1999 – 0.648p) per ordinary share –100
Proposed final dividend of 0.680p (1999 – Nil p) per ordinary share 417 –
–––––––– ––––––––
620 197
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Dividends per share for the comparative period has been adjusted to give effect to the capitalisation (bonus) issue on 30 September 1999.
7 Earnings per share
Weighted average number of shares (millions) in issue during
the year and used to calculate:
2000 1999
Basic and adjusted basic earnings per share 27,100 15,445
Dilutive effect of share options 260 65
–––––––– ––––––––
Diluted earnings per share 27,360 15,510
–––––––– ––––––––
2000 Pence 1999 Pence
£m per share £m per share
Earnings for basic earnings per share 487 1.80 637 4.12
Goodwill amortisation 1,712 6.32 9 0.06
Exceptional reorganisation costs, net of attributable taxation 19 0.07 – –
Disposals of fixed asset investments, net of attributable taxation (954) (3.52) (64) (0.41)
Exceptional finance costs, net of attributable taxation 12 0.04 – –
–––––––– –––––––– –––––––– ––––––––
Adjusted basic earnings per share 1,276 4.71 582 3.77
–––––––– –––––––– –––––––– ––––––––
Earnings for basic earnings per share represents the net profit attributable to ordinary shareholders, being the profit on ordinary activities
after taxation and minority interests, and has also been used to calculate diluted earnings per share. Adjusted basic earnings per share has
been presented in order to highlight the underlying performance of the Group.
The Group’s consolidated financial statements for the year do not include the results of Mannesmann AG, as the acquisition received
clearance from the European Commission on 12 April 2000. Accordingly, the ordinary shares issued during the year as part of the purchase
consideration for Mannesmann AG have been excluded from the calculation of earnings per share.
The weighted average number of shares for the comparative period has been adjusted to give effect to the capitalisation (bonus) issue on
30 September 1999.
8Intangible fixed assets
Licence and
Goodwill spectrum fees Total
£m £m £m
Cost
1 April 1999 181 173 354
Exchange movements (431) (26) (457)
Acquisitions (note 21) 22,447 – 22,447
Reclassifications from associated undertakings – 326 326
Additions – 251 251
–––––––– –––––––– ––––––––
31 March 2000 22,197 724 22,921
–––––––– –––––––– ––––––––
Amortisation
1 April 1999 8 17 25
Exchange movements 4 – 4
Charge for the year 674 12 686
–––––––– –––––––– ––––––––
31 March 2000 686 29 715
–––––––– –––––––– ––––––––
Net book value
31 March 2000 21,511 695 22,206
–––––––– –––––––– ––––––––
31 March 1999 173 156 329
–––––––– –––––––– ––––––––
For acquisitions prior to 1 April 1998, the cumulative goodwill written off to reserves, net of the goodwill attributed to business disposals,
was £1,194m at 31 March 2000 (1999 – £1,212m). The movement during the year relates to the disposal of the Group’s 20% shareholding
in a UK service provider, Martin Dawes Telecommunications Limited.
Notes to the Consolidated Financial Statements continued