161 Vodafone Group Plc Annual Report 2024 161
Strategic report
Governance
Financials
Other information
Vodafone Group Plc Annual Report 2024
Deferred tax Analysis of movements in the net deferred tax asset balance during the year:
2024
2023
€m
€m
1 April
18,545
18,569
Adjustment relating to assets Held for Sale Foreign exchange movements Credited to the income statement 1 Charged directly to OCI Charged directly to equity
(422) (32) 716 579
–
(59) 425 (304) (191) (6) 111
(4)
Indexation of the opening balance in respect of hyperinflation accounting in Turkey Arising on acquisitions and disposals
96
–
31 March
19,478
18,545
Deferred tax assets and liabilities, before offset of balances within countries, are as follows: Amount
Net
credited/ (expensed) in income statement
recognised deferred tax asset/ (liability)
Gross deferred tax asset
Gross
Less amounts unrecognised
deferred tax liability (1,174) €m (1,177) (138) (677) (1,354) (306) –
€m
€m
€m
€m
Tangible assets Intangible assets Tax losses Treasury related items
(176) 354 455 19 (61) (16) 141 716
2,656 367 32,830 594 1,576 892 38,917 2
10 11
1,492
(799) (113) (675) 222 572
(14,051) (569)
18,779
Temporary differences relating to revenue recognition Temporary differences relating to leases
– –
Other temporary differences
(14)
31 March 2024 2
(4,826) (14,613)
19,478
Analysed in the balance sheet, after offset of balances within countries, as:
€m
Deferred tax asset Deferred tax liability 31 March 2024 2
20,177
(699)
19,478
At 31 March 2023, deferred tax assets and liabilities, before offset of balances within countries, were as follows: Amount
Net
credited/ (expensed) in income statement
recognised deferred tax asset/ (liability)
Gross deferred tax asset
Gross
Less amounts unrecognised
deferred tax liability (1,426) €m (1,495) (717) (705) (1,054) (296) –
€m
€m
€m
€m
Tangible assets Intangible assets Tax losses Treasury related items
136 324 (78) (40) 2 216 (135) 425
2,761 630 28,035 623 1,482 938 34,488 19
(47) 15
1,288
(850) (682) (686) 398 582
(9,540) (588)
18,495
Temporary differences relating to revenue recognition Temporary differences relating to leases
–
(30) (60)
Other temporary differences 31 March 2023 2
(5,693) (10,250)
18,545
At 31 March 2023, analysed in the balance sheet, after offset of balances within countries, as:
€m
Deferred tax asset Deferred tax liability 31 March 2023 2
19,316 18,545
(771)
Notes: 1 €11 million in the year ended 31 March 2023 is in relation to discontinued operations 2 The Group does not discount deferred tax assets. This is in accordance with IAS 12.
Powered by FlippingBook