Notes to the consolidated financial statements (continued) 170 Vodafone Group Plc Annual Report 2024 2020 170 Vodafone Group Plc Annual Report 2024 Strategic report Governance
Financials
Other information
10. Intangible assets (continued)
Licence and spectrum fees
Computer software
Customer bases
Goodwill
Other €m
Total €m
€m
€m
€m
€m
Cost 1 April 2022
100,897
35,025
18,121
12,552
550
167,145
Exchange movements Disposal of subsidiaries
(783) (3,939)
(1,270) (443)
(504) (348) 2,804 (1,831) (414) (989) (2,600) 2,615 232
(240) (458)
(53) (4)
(2,850) (5,192) 3,250 (1,834)
Additions Disposals
– –
439 557
– –
7
(2)
(1)
Hyperinflation impacts 31 March 2023 Exchange movements
729
51
40 539
1,609 162,128 (2,081) 2,915 (1,977) (30,930) 1,729 131,784
96,904
34,306
18,474
11,905
(1,042)
(435) 283 (986) (6,258)
(130)
(60) 17 (2) (57)
Additions Disposals
– –
– –
Transfer of assets held for resale Hyperinflation impacts
(19,498) 77,252 888
(2,517) 9,320 62
382
348
49 486
31 March 2024
27,292
17,434
Accumulated impairment losses and amortisation 1 April 2022
69,013
23,792
12,257
8,013
538
113,613
Exchange movements Disposal of subsidiaries Charge for the year 1 Hyperinflation impacts 31 March 2023 Exchange movements Charge for the year 1 Disposals
(414) (39)
(846) (147)
(351) (180) 2,343 (1,814) (324) (951) (1,871) 2,484 207
(231) (80) 554
(50) (2)
(1,892) (448) 4,031 (1,817)
– –
1,133
1
(2)
–
(1)
729
407
51
40 526
1,434 114,921 (1,541) 4,122 (1,936) (24,133) 1,499 92,932
69,289
24,337
12,462
8,307
(897)
(144) (985) (2,704) 1,031
(120) 606
(56)
– –
1 –
Disposals
–
Transfer of assets held for resale Hyperinflation impacts
(16,984) 52,296 888
(2,517) 6,338 62
(57) 49
196
304
31 March 2024 Net book value 31 March 2023 31 March 2024
21,731
12,104
463
27,615 24,956
9,969 5,561
6,012 5,330
3,598 2,982
13 23
47,207 38,852
Note: 1 Included in the charge for the year ended 31 March 2024 is €607 million (2023: €651 million) in respect of Vodafone Italy and Vodafone Spain, which are now reported as discontinued operations. See note 7 ‘Discontinued operations and assets held for sale’ for more information. For licences and spectrum fees and other intangible assets, amortisation is included within the cost of sales line within the consolidated income statement. Included in the net book value of computer software are assets in the course of construction, which are not depreciated, with a cost of €1,200 million (2023: €1,451 million). The net book value and expiry dates of the most significant licences are as follows: 2024 2023 Expiry dates €m €m Germany 2025-2040 2,686 2,979 UK 2033-2041 989 1,055 Vodacom 2024-2042 687 774 Italy 2029-2037 - 3,123 Spain 2028-2061 - 758 The remaining amortisation period for each of the licences in the table above corresponds to the expiry date of the respective licence. A summary of the Group’s most significant spectrum licences can be found on page 260.
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