Vodafone 2026 Annual Report

191 Vodafone Group Plc Annual Report 2026

Strategic report

Governance

Financials

Other information

Changes in assets and liabilities arising from financing activities The tables below present the changes in assets and liabilities arising from financing activities at 31 March 2026 and 31 March 2025. 22. Capital and financial risk management (continued)

Derivative and other financial instrument assets and liabilities €m (2,291)

Assets and liabilities from financing activities €m

Derivative and other financial instrument assets and liabilities €m (2,702)

Assets and liabilities from financing activities €m

Financial liabilities under put options €m

Other liabilities1 €m

Borrowings €m 53,143 6,081 (11,924) (502)

Borrowings €m 56,987

1 April 2025

194 51,143

1 April 2024

–

105 54,390

Cash movements Proceeds from issuance of long-term borrowings Repayment of borrowings Net movement in short-term borrowings Net movement in derivative and other financial instruments

– – –

– – – – – – – – – – –

– – –

6,081

4,680 (12,963)

– – –

– – – – 4 – – – – – –

– – –

4,680

– (11,924)

– (12,963)

(502)

– – –

73 28

– – –

404 348

404

Interest paid

(2,227)

(68) (2,257) (2,041) (2,041)

Interest paid

(2,975)

(82) (2,705) (1,868) (1,868)

Purchase of treasury shares Non-cash movements Fair value movements Foreign exchange Interest costs Net lease additions Acquisition of subsidiaries

–

Purchase of treasury shares Non-cash movements Fair value movements Foreign exchange Interest costs Net lease additions Acquisition of subsidiaries

–

(14)

–

(14) (367)

(45) 61 (356)

–

(45)

(1,642) 2,324 3,190 4,209 (16)

1,276

(1)

121 2,196 4,361

(4)

178 1,883 4,361 2,750 –

(235)

2,146 3,190 4,209 1,984

– – –

– –

–

Other

2,000

Other

658

(1)

93 97

2,000

31 March 2026

52,636

(1,163)

107

141 51,721

31 March 2025

53,143

(2,291)

194 51,143

Notes: 1. Movement in Other liabilities primarily relate to share buyback programmes.