Vodafone 2024 Annual Report

Notes to the consolidated financial statements (continued) 152 Vodafone Group Plc Annual Report 2024 2020 3. Operating profit Detailed below are the key amounts recognised in arriving at our operating profit 152 Vodafone Group Plc Annual Report 2024 Strategic report Governance

Financials

Other information

Re-presented 1

2024 €m

2023 €m

2022 €m

Amortisation of intangible assets (Note 10) Depreciation of property, plant and equipment (Note 11): Owned assets

3,515 3,882 3,017 5,498 4,659

3,380 4,142 2,733 5,192 5,035 64

3,425 4,274 2,718 4,620 4,580

Leased assets

Impairment (reversal)/loss (Note 4)

(64)

–

Staff costs (Note 24)

Amounts related to inventory included in cost of sales Own costs capitalised attributable to the construction or acquisition of property, plant and equipment Gain on the revaluation of net monetary assets resulting from IAS 29 application 2 (Note 1)

(1,188) (360)

(1,099) (198) (689) (8,729) 69

(944)

–

Loss on disposal of Vodafone Hungary 2 (Note 27) Gain on disposal of Vodafone Ghana 2 (Note 27) Gain on disposal of Vantage Towers 2 (Note 27) Gain on disposal of Indus Towers Limited 2

– – – – –

– – –

– –

81 (15)

Pledge arrangements in respect of Indus Towers Limited (Note 29)

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 Included in Other income in the consolidated income statement. The total remuneration of the Group’s auditor, Ernst & Young LLP and other member firms of Ernst & Young Global Limited, for services provided to the Group during the year ended 31 March is analysed below. Re-presented 1 2024 2023 2022 €m €m €m Parent company 7 6 4 Subsidiaries 19 22 19 Audit fees 2 26 28 23 Audit-related 3 10 3 2 Non-audit fees 10 3 2 Total fees 36 31 25 Notes: 1 Audit fees of the parent company for the year ended 31 March 2023 have increased by €1 million compared to the amount previously reported. This is to include fees agreed during the year ended 31 March 2024 relating to the year ended 31 March 2023. 2 Includes fees in connection with the interim review, preliminary announcement and controls audit required under Section 404 of the Sarbanes Oxley Act. In total this amounted to €1 million in each of the years presented. 3 Fees for special purpose audits and statutory and regulatory filings during the year. Fees for the year ended 31 March 2024 are higher than fees for the comparative years, primarily due to Reporting Accountant and audit services required in connection with the proposed merger of Vodafone UK and Three UK and the disposal of Vodafone Spain.