206 Vodafone Group Plc Annual Report 2025
Strategic report
Governance
Financials
Other information
Company statement of financial position of Vodafone Group Plc At 31 March
Company statement of changes in equity of Vodafone Group Plc For the years ended 31 March Called up Capital
Total equity
Re-presented 1
share capital 1
Share redemption
Other reserves 2
Treasury Accumulated shareholders’
2025 €m
2024 €m
premium 2
reserve 2
shares 3
profit 4
funds €m
Note
Fixed assets Shares in Group undertakings
€m
€m
€m
€m
€m
€m
1 April 2023
4,797 20,385
111 1,110 (7,854) 31,605 50,154
84,320 83,470 4,069 1,010 156 74,012 65,702 153 79,247 70,646 4,025 766
2
Issue or re-issue of shares Loss for the financial year Capital contribution given relating to share-based payments Dividends Contribution received relating to share-based payments Other movements 5 31 March 2024 Issue or re-issue of shares Profit for the financial year Capital contribution given relating to share-based payments Contribution received relating to share-based payments Dividends Purchase of treasury shares 6 Cancellation of shares Other movements 5 31 March 2025 Notes: 1. See note 6 ‘Called up share capital’ . 2. These reserves are not distributable.
– – –
– – –
– – –
– – –
74
–
74
Current assets Debtors: amounts falling due after more than one year Debtors: amounts falling due within one year
– –
(1,098) (1,098) (2,433) (2,433)
3 3 4
Other investments Cash at bank and in hand
–
–
–
115
–
–
115
Creditors: amounts falling due within one year Net current (liabilities)/assets Total assets less current liabilities Creditors: amounts falling due after more than one year
5 (82,948) (66,941) (3,701) 3,705 80,619 87,175 5 (37,741) (42,158) 42,878 45,017
– – – – –
– – – – –
– – – – –
(72)
– –
–
(72)
– – – –
(1,723) (1,723)
4,797 20,385
111 1,153 (7,780) 26,351 45,017
84
–
84
– –
1,485
1,485
Capital and reserves Called up share capital Share premium account Capital redemption reserve Other reserves Own shares held Profit and loss account 2 Total equity shareholders’ funds
(1,795) (1,795)
4,319 589 1,182
4,797 111 1,153
6
20,385 20,385
–
–
–
110
–
–
110
(6,926) (7,780) 23,329 26,351 42,878 45,017
– – –
– – – –
– – –
(81)
–
– –
(81) (2,000)
– (2,000) – 2,770
Notes: 1. On 1 April 2024, the Group adopted amendments to IAS 1 ‘Presentation of Financial Statements’ which has impacted the classifi cation of certain bonds between creditors falling due within one year and creditors falling due after more than one year. As a result of the reclassification, comparatives at 31 March 2024 have been provided in accordance with IFRS requirements. See note 1 ‘Basis of preparation’ to the consolidated financial statements for more information. 2. The profit for the financial year dealt with in the financial statements of the Company is €1,485 million (2024: €1,098 mill ion loss). The Company financial statements on pages 206 to 212 were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:
(478)
478
(2,770)
–
–
–
58
58
4,319 20,385
589 1,182 (6,926) 23,329 42,878
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 € 229 million net gain deferred to other comprehensive income during the year (2024 : € 2,051 million net loss ), € 154 million net gain (2024 : € 247 million net gain) recycled to the income statement and a tax charge of € 19 million (2024: tax credit of € 575 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 the programme that commenced on 4 February 2025, which completed on 19 May 2025.
Margherita Della Valle Group Chief Executive
Luka Mucic
Group Chief Financial Officer
The accompanying notes are an integral part of these financial statements.
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