Vodafone 2002 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 of the 2002 Vodafone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 156

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156

Notes to the Consolidated Financial Statements Vodafone Group Plc 95Annual Report & Accounts and Form 20-F
The goodwill capitalised in the year in respect of associated undertakings of £6,771m relates primarily to the Group’s acquisition of interests in the J-Phone
Group, Japan Telecom and Grupo Iusacell.
Reclassifications of associated undertakings primarily comprise amounts in respect of the Group’s interests in Japan Telecom and the J-Phone Group, which
were accounted for within other fixed asset investments and investments in associated undertakings, respectively, prior to the acquisition by the Group of
controlling stakes during the year.
The Group’s share of its joint ventures’ and associated undertakings’ post acquisition accumulated (losses)/profits at 31 March 2002 amounted to £(269)m
(2001: £(58)m) and £1,887m (2001: £941m), respectively.
The maximum aggregate loans to joint ventures and associated undertakings (including former joint ventures and associated undertakings) during the year
which are not included within the period end balance were £Nil and £7m (2001: £Nil and £8m).
For acquisitions of associated undertakings prior to 1 April 1998, the cumulative goodwill written off to reserves, net of the goodwill attributed to business
disposals, was £467m at 31 March 2002 (2001: £467m).
The Group’s share of its joint ventures and associated undertakings comprises:
Joint ventures Associated undertakings
2002 2001 2002 2001
£m £m £m £m
Share of turnover of joint ventures and associated undertakings 398 10,693 8,891
Share of assets
Fixed assets 55 65 7,487 7,519
Current assets 20 23 2,816 3,247
75 88 10,303 10,766
Share of liabilities
Liabilities due within one year 371 144 5,136 5,889
Liabilities due after more than one year –22,782 3,917
Minority interests (27) –124 123
344 146 8,042 9,929
Share of net (liabilities)/assets (269) (58) 2,261 837
Loans 321 85 18 25
Attributed goodwill net of amortisation charges ––24,970 30,867
52 27 27,249 31,729
Analysed as:
Fixed asset investments 321 85 27,249 31,729
Provisions for liabilities and charges (269) (58) ––
52 27 27,249 31,729
The Group’s principal joint ventures, associated undertakings and fixed asset investments are detailed in note 36.