175 Vodafone Group Plc Annual Report 2024 175
Strategic report
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Vodafone Group Plc Annual Report 2024
TPG Telecom Limited TPG Telecom Limited is listed on the Australian Securities Exchange (‘ASX’). Vodafone and Hutchison Telecommunications (Australia) Limited each own an economic interest of 25.05%, with the remaining 49.9% listed as free float on the ASX. The financial information presented in the tables below includes debt held within the structure that holds the Group’s interest in TPG. Dividends received from joint ventures During the year ended 31 March 2024, the Group received dividends included in the consolidated statement of cash flows from VodafoneZiggo Group Holding B.V. of €100 million (2023: €165 million, 2022: €350 million), TPG Telecom Limited of €23 million (2023: €24 million, 2022: €22 million) and Oak Holdings 1 GmbH of €196 million (2023: €nil, 2022: €nil). Aggregated financial information The table below provides aggregated financial information for the Group’s joint ventures as it relates to the amounts recognised in the consolidated income statement and consolidated statement of financial position. Investment in joint ventures (Loss)/profit for the financial year 1 2024 2023 2024 2023 2022 €m €m €m €m €m Oak Holdings 1 GmbH 7,620 8,634 (85) – – VodafoneZiggo Group Holding B.V. 516 793 (177) 137 (19) TPG Telecom Limited (2) 108 (74) 48 (5) INWIT S.p.A. – – – 30 27 Other 69 43 (43) (15) (14) Total 8,203 9,578 (379) 200 (11) Note: 1 Total Other comprehensive (expense)/income is not materially different to (loss)/profit for the financial year.
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