Notes to the consolidated financial statements (continued) 150 Vodafone Group Plc Annual Report 2024 2020 2. Revenue disaggregation and segmental analysis (continued) Revenue disaggregation and segmental income statement analysis 150 Vodafone Group Plc Annual Report 2024 Strategic report Governance
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Revenue reported for the year includes revenue from contracts with customers, comprising service and equipment revenue, as well as other revenue items including revenue from leases and interest revenue arising from transactions with a significant financing component. The tables below present Revenue and Adjusted EBITDAaL for the year ended 31 March 2024 and for the comparative years ended 31 March 2023 and 31 March 2022. Revenue from Total Service Equipment contracts with Other Interest segment Adjusted 31 March 2024 revenue revenue customers revenue 1 revenue revenue EBITDAaL €m €m €m €m €m €m €m Germany 11,453 1,132 12,585 357 15 12,957 5,017 UK 5,631 1,111 6,742 54 41 6,837 1,408 Other Europe 4,722 665 5,387 102 15 5,504 1,516 Africa 5,951 1,030 6,981 409 30 7,420 2,539 Turkey 1,746 609 2,355 7 – 2,362 510 Common Functions 2 559 49 608 1,256 – 1,864 29 Eliminations (150) (1) (151) (76) – (227) – Group 29,912 4,595 34,507 2,109 101 36,717 11,019 Revenue from Total Service Equipment contracts with Other Interest segment Adjusted 31 March 2023 Re-presented 3 revenue revenue customers revenue 1 revenue revenue EBITDAaL €m €m €m €m €m €m €m Germany 11,433 1,313 12,746 350 17 13,113 5,323 UK 5,358 1,375 6,733 58 33 6,824 1,350 Other Europe 4 5,005 602 5,607 117 20 5,744 1,632 Africa 5 6,556 1,089 7,645 403 28 8,076 2,880 Turkey 6 1,593 475 2,068 4 – 2,072 424 Vantage Towers – – – 1,338 – 1,338 795 Common Functions 2 530 47 577 1,191 – 1,768 20 Eliminations (157) (1) (158) (1,105) – (1,263) – Group 30,318 4,900 35,218 2,356 98 37,672 12,424 Revenue from Total Service Equipment contracts with Other Interest segment Adjusted 31 March 2022 Re-presented 3 revenue revenue customers revenue 1 revenue revenue EBITDAaL €m €m €m €m €m €m €m Germany 11,616 1,126 12,742 365 21 13,128 5,669 UK 5,154 1,333 6,487 69 33 6,589 1,395 Other Europe 4 5,001 528 5,529 105 19 5,653 1,606 Africa 5 6,386 1,013 7,399 384 24 7,807 2,929 Turkey 6 1,669 341 2,010 6 – 2,016 531 Vantage Towers – – – 1,252 – 1,252 619 Common Functions 2 522 53 575 1,190 1 1,766 (56) Eliminations (141) (1) (142) (1,059) – (1,201) – Group 30,207 4,393 34,600 2,312 98 37,010 12,693 Notes: 1 Other revenue includes lease revenue recognised under IFRS 16 ‘Leases’ (see note 20 ‘Leases’). 2 Comprises central teams and business functions. 3 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 and are therefore excluded. See note 7 ‘Discontinued operations and assets held for sale’ for more information. 4 The comparative years also include the results of Vodafone Hungary which, as previously reported, was sold in January 2023. 5 From 1 April 2023, the Group revised its segmental reporting by moving Vodafone Egypt to the Africa segment. The comparatives have been re-presented on the new basis of segmental reporting. There is no impact on previously reported Group metrics. 6 The Turkey segment comprises only Vodafone Turkey in the year ended 31 March 2024. The comparative years also include the results of Vodafone Ghana which, as previously reported, was sold in February 2023. The total future revenue from the remaining term of Group’s contracts with customers for performance obligations not yet delivered to those customers at 31 March 2024 is €16,577 million (re-presented 7 2023: €16,354 million; 2022: €17,902 million); of which €10,488 million (re- presented 7 2023: €10,324 million; 2022: €11,353 million) is expected to be recognised within the next year and the majority of the remaining amount in the following 12 months. Notes: 7 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, decreasing the previously disclosed amount of total future revenue by €2,167 million and €2,111 million respectively as well as future revenue expected to be recognised within the next year by €1,617 million and €1,560 million respectively. See note 7 ‘Discontinued operations and assets held for sale’ for more information.
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