Vodafone 2025 Annual Report

178 Vodafone Group Plc Annual Report 2025

Strategic report

Governance

Financials

Other information

22. Capital and financial risk management (continued) 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 2025 and 31 March 2024. Assets and

Assets and liabilities financing arisi from activities

liabilities financing activities arisi from

Financial liabilities under put options

Derivative assets and liabilities (2,702) €m

Derivative assets and liabilities (4,702) €m

Other liabilities 3

Other liabilities

Borrowings 56,987 €m

Borrowings 66,390 €m 1,533 (10,106) (1,636) (2,531)

€m

1 April 2024 Cash movements

–

105 54,390

1 April 2023 Cash movements

485

103 62,276

Proceeds from issuance of long-term Repayment of borrowings 1 Net movement in short-term borrowings Net movement in derivatives borrowings

4,680 (12,963)

– – –

– – – – 4 – – – – –

– – –

4,680

– – –

– – – –

– – – – – 1 – –

1,533

– (12,963)

– (10,106)

78 404

(1,636) 144

– – –

404 348

– – –

144 272

Interest paid 1

(2,975)

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

Interest paid 1

(17) (493)

(54) (2,330)

Purchase of treasury shares Non-cash movements Fair value movements Foreign exchange

–

Other

–

(493)

Non-cash movements Fair value movements Foreign exchange Interest costs 2 Lease additions

(45) 61 (356)

–

(45)

2,233

– – – –

2,233 2,440 3,915

121 2,196 4,361 658 53,143

(4)

178 1,883 4,361 2,750

(231) (395)

(169)

Interest costs 2 Lease additions 31 March 2025 Other

2,766 3,915 (3,455)

–

– –

(1)

93 97

2,000

Transfer of assets and liabilities held for sale

(23)

(1) (3,479)

(2,291)

194 51,143

Other

31 March 2024

56,987

(2,702)

–

105 54,390

Notes: 1. Includes €nil (2024: €1,136 million) in Repayment of borrowings and €nil (2024: €103 million) in Interest paid that are prese nted within Cash outflows from discontinued operations in the Consolidated statement of cash flows. 2. Includes €nil (2024: €111 million) of Interest costs presented within Discontinued operations in the Consolidated income stat ement. 3. Movement in Other liabilities primarily relate to share buyback programmes.