219 Vodafone Group Plc Annual Report 2026
Strategic report
Governance
Financials
Other information
Company statement of financial position of Vodafone Group Plc At 31 March 2026
Company statement of changes in equity of Vodafone Group Plc For the years ended 31 March Called up Capital
Total equity
2025 €m
share capital 1
Share redemption
Other reserves 2
Treasury Accumulated shareholders’
Note
€m
Fixed assets Shares in Group undertakings Current assets Debtors: amounts falling due within one year Debtors: amounts falling due after more than one year
premium 2
reserve 2
shares 3
profit 4
funds €m
€m
€m
€m
€m
€m
€m
84,300 84,320 63,553 74,012 156 67,779 79,247 (76,530) (82,948) (8,751) (3,701) 75,549 80,619 2,883 1,168 175 4,069 1,010 (36,291) (37,741) 39,258 42,878
2
1 April 2024
4,797 20,385
111 1,153 (7,780) 26,351 45,017
Issue or re-issue of shares Profit for the financial year Capital contribution given relating to share-based payments Dividends Contribution received relating to share-based payments Purchase of treasury shares 6 Cancellation of shares Other movements 5 31 March 2025 Issue or re-issue of shares Loss for the financial year Capital contribution given relating to share-based payments Contribution received relating to share-based payments Purchase of treasury shares 7 Cancellation of shares Dividends Other movements 5 31 March 2026 Notes: 1. See note 6 ‘Called up share capital’. 2. These reserves are not distributable.
– – –
– – –
– – –
– – –
84
–
84
3 3 4
– –
1,485
1,485
(1,795) (1,795)
Other investments Cash at bank and in hand
–
–
–
110
–
–
110
Creditors: amounts falling due within one year Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year
5
– – – – – –
– – – – 2 – –
– – – – – –
(81)
–
– –
(81) (2,000)
5
– (2,000) – 2,770
(478)
478
(2,770)
–
– – – –
–
58
58 84
Capital and reserves Called up share capital Share premium account Capital redemption reserve Other reserves Own shares held Profit and loss account 1 Total equity shareholders’ funds
4,319 20,385
589 1,182 (6,926) 23,329 42,878
3,950 958 1,215
4,319 589 1,182
6
82
–
20,387 20,385
– –
(819)
(819)
(1,094) (1,094)
(6,839) (6,926) 19,587 23,329 39,258 42,878
–
–
–
114
–
–
114
Note: 1. The loss for the financial year dealt with in the financial statements of the Company is €819 million (2025: €1,485 million profit). The Company financial statements on pages 219 to 225 were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:
– – –
– – – –
– – –
(81)
–
– –
(81) (2,000)
– (2,000) – 2,005
(369)
369
(2,005) 176
–
–
–
176
3,950 20,387
958 1,215 (6,839) 19,587 39,258
Margherita Della Valle Group Chief Executive
Pilar López
Group Chief Financial Officer
3. Own shares relate to treasury shares which are purchased out of distributable profits and therefore reduce reserves available for distribution. 4. The Company has determined what amounts within this reserve are distributable and non-distributable in accordance with the guidance provided by ICAEW TECH 02/17BL and the requirements of UK law. In accordance with UK Companies Act 2006 s831(2), a public company may make a distribution only if, after giving effect to such distribution, the amount of its net assets is not less than the aggregate of its’ called up share capital and non-distributable reserves. 5. Includes the impact of the Company’s cash flow hedges with €1,102 million net loss deferred to other comprehensive income during the year (2025: €229 million net gain), €1,337 million net loss (2025: €154 million net gain) recycled to the income statement and a tax credit of € 59 million (2025: tax charge of €19 million). These hedges primarily relate to foreign exchange exposure on fixed borrowings, with any foreign exchange on nominal balances directly impacting income statement in each period but interest cash flows unwinding to the income statement over the life of the hedges, up to 2064. See note 22 ‘Capital and financial risk management’ to the consolidated financial statements for further details. 6. Represents the irrevocable and non-discretionary share buyback programmes which completed on 6 August 2024, 13 November 2024, 22 January 2025 and 19 May 2025. 7. Represents the irrevocable and non-discretionary share buyback programmes which completed on 23 July 2025, 10 November 2025, 4 February 2026 and the programme that commenced on 5 February 2026.
The accompanying notes are an integral part of these financial statements.
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