Vodafone 2010 Annual Report Download - page 125

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Financials
Vodafone Group Plc Annual Report 2010 123
8. Share-based payments
The Company currently uses a number of equity settled share plans to grant options and shares to the directors and employees of its subsidiaries, as listed below.
Share option plans
Vodafone Group savings related and sharesave plans
Vodafone Group executive plans
Vodafone Group 1999 Long-Term Stock Incentive Plan and ADSs
Other share option plans
Share plans
Share Incentive Plan
Other share plans
At 31 March 2010 the Company had 266 million ordinary share options outstanding (2009: 333 million) and 1 million ADS options outstanding (2009: 1 million).
The Company has made a capital contribution to its subsidiaries in relation to share-based payments. At 31 March 2010 the cumulative capital contribution net of payments
received from subsidiaries was £359 million (31 March 2009: £328 million, 1 April 2008: £313 million). During the year ended 31 March 2010 the capital contribution arising
from share-based payments was £150 million (2009: £128 million), with payments of £119 million (2009: £113 million) received from subsidiaries.
Full details of share-based payments, share option schemes and share plans are disclosed in note 20 to the consolidated financial statements.
9. Reserves and reconciliation of movements in equity shareholders’ funds
Share Capital Own Profit Total equity
Share premium redemption Capital Other shares and loss shareholders’
Capital account reserve reserve reserves held account funds
£m £m £m £m £m £m £m £m
1 April 2009 4,153 43,008 10,101 88 957 (8,053) 29,171 79,425
Allotment of shares – 3 – – – – – 3
Own shares released on vesting of share awards – – – – – 189 – 189
Profit for the financial year – – – – – – 6,693 6,693
Dividends ––––––(4,131) (4,131)
Capital contribution given relating to share-based payments – – – – 150 – – 150
Contribution received relating to share-based payments ––––(119) – – (119)
Other movements –––––37 44 81
31 March 2010 4,153 43,011 10,101 88 988 (7,827) 31,777 82,291
The profit for the financial year dealt with in the accounts of the Company is £6,693 million (2009: £5,853 million). Under English law, the amount available for distribution
to shareholders is based upon the profit and loss reserve of the Company and is reduced by the amount of own shares held and is limited by statutory or other restrictions.
The auditor’s remuneration for the current year in respect of audit and audit related services was £0.9 million (2009: £1.3 million) and for non-audit services was £0.5 million
(2009: £0.2 million).
The directors are remunerated by the Company for their services to the Group as a whole. No remuneration was paid to them specifically in respect of their services to
Vodafone Group Plc for either year. Full details of the directors’ remuneration are disclosed in “Directors’ remuneration” on pages 57 to 67.
There were no employees other than directors of the Company throughout the current or the preceding year.
10. Equity dividends
2010 2009
£m £m
Declared during the financial year:
Final dividend for the year ended 31 March 2009: 5.20 pence per share (2008: 5.02 pence per share) 2,731 2,667
Interim dividend for the year ended 31 March 2010: 2.66 pence per share (2009: 2.57 pence per share) 1,400 1,350
4,131 4,017
Proposed after the balance sheet date and not recognised as a liability:
Final dividend for the year ended 31 March 2010: 5.65 pence per share (2009: 5.20 pence per share) 2,976 2,731