Notes to the Company Financial Statements
Notes 6-10
- 6. Share capital
- 7. Share-based payments
- 8. Reserves and reconciliation of movements in equity shareholders’ funds
- 9. Equity dividends
- 10. Contingent liabilities
7. Share-based payments
The Company currently uses a number of equity settled share plans to grant options and shares to the directors and employees of its subsidiary undertakings, as listed below.
Share option schemes
- Vodafone Group savings related and Sharesave schemes
- Vodafone Group executive schemes
- Vodafone Group 1999 Long Term Stock Incentive Plan and ADSs
- Other share option plans
Share plans
- Share Incentive Plan
- Restricted share plans
At 31 March 2008, the Company had 373 million ordinary share options outstanding (2007: 584 million) and 1 million ADS options outstanding (2007: 3 million).
The Company has made a capital contribution to its subsidiary undertakings in relation to share-based payments. At 31 March 2008, the cumulative capital contribution net of payments received from subsidiary undertakings was £313 million (31 March 2007: £397 million, 1 April 2006: £383 million). During the year ended 31 March 2008, the capital contribution arising from share-based payments was £107 million (2007: £93 million), with payments of £191 million (2007: £79 million) received from subsidiary undertakings.
Full details of share-based payments, share option schemes and share plans are disclosed in note 20 to the Consolidated Financial Statements.