135 Vodafone Group Plc Annual Report 2024 135 Vodafone Group Plc Annual Report 2024 Consolidated income statement for the years ended 31 March Strategic report
Governance
Financials
Other information
Re-presented 1
Re-presented 1
2024 €m
2023 €m
2022 €m
Note
Revenue Cost of sales Gross profit
36,717 (24,459) 12,258 (2,674) (5,768) (491) (96) 64 372 581 3,665 (2,626) 1,620
37,672 (24,359) 13,313 (2,777) (5,351) (505)
37,010 (23,948) 13,062 (2,754) (4,797) (404)
2
Selling and distribution expenses Administrative expenses Net credit losses on financial assets
22 12
Share of results of equity accounted associates and joint ventures
433
389 244
Impairment reversal/(loss) Other income Operating profit Investment income Financing costs Profit before taxation Income tax expense Profit for the financial year Attributable to: – Owners of the parent – Non-controlling interests 2 Profit for the financial year
(64)
–
4 3 3 5 5
9,402 14,451
5,740 251 (1,842) 4,149 (1,561) 2,588 2,773 185 2,237 536 2,773
232
(1,609)
13,074 12,582 12,335 11,838 12,335 497
(50) (65)
(492) (247)
6
Profit for the financial year - Continuing operations (Loss)/profit for the financial year - Discontinued operations
1,570 1,505 1,140 365 1,505
7
Earnings per share - Continuing operations – Basic
4.45c 4.44c 4.21c 4.20c
43.66c 43.51c 42.77c 42.62c
7.07c 7.05c 7.71c 7.68c
8 8
– Diluted
Earnings per share - Total Group – Basic
8 8
– Diluted
Consolidated statement of comprehensive income/(expense) for the years ended 31 March
Re-presented 1
Re-presented 1
2024 €m
2023 €m
2022 €m
Note
Profit for the financial year
1,505
12,335
2,773
Other comprehensive income/(expense): Items that may be reclassified to the income statement in subsequent years: Foreign exchange translation differences, net of tax Foreign exchange translation differences transferred to the income statement Total items that may be reclassified to the income statement in subsequent years Other, net of tax 3 Items that will not be reclassified to the income statement in subsequent years: Net actuarial (losses)/gains on defined benefit pension schemes, net of tax Total items that will not be reclassified to the income statement in subsequent years Other comprehensive (expense)/income Total comprehensive (expense)/income for the financial year
(440)
(1,236) (334) 963 (607) (160)
(30) 19
23
(1,748) (2,165)
1,863 1,852
(58) (58)
483 483
25
(160) (767)
(2,223) (718)
2,335 5,108 4,546 562 5,108
11,568 11,267 11,568 301
Attributable to: – Owners of the parent – Non-controlling interests
(920) 202 (718)
Total comprehensive (expense)/income for the financial year
Notes: 1 The results for the years ended 31 March 2023 and 31 March 2022 have been re-presented to reflect that the results of Vodafone Spain and Vodafone Italy are now reported as discontinued operations. See note 7 ‘Discontinued operations and assets held for sale’ for more information. 2 Profit attributable to non-controlling interests derives solely from continuing operations. 3 Principally includes the impact of the Group’s cash flow hedges deferred to other comprehensive income during the year. Further details on items in the consolidated statement of comprehensive income/(expense) can be found in the consolidated statement of changes in equity on page 137.
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