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
8. Reserves and reconciliation of movements in equity shareholders’ funds
| Share capital £m |
Share premium account £m |
Capital redemption reserve £m |
Capital reserve £m |
Other reserves £m |
Own shares held £m |
Profit and loss account £m |
Total equity shareholders’ funds £m |
|
|---|---|---|---|---|---|---|---|---|
| 1 April 2007 | 4,172 | 43,572 | 9,132 | 88 | 1,026 | (8,044) | 26,021 | 75,967 |
| Allotments of shares | 10 | 277 | – | – | – | – | – | 287 |
| Own shares released on vesting of share awards | – | – | – | – | – | 177 | – | 177 |
| Profit for the financial year | – | – | – | – | – | – | 5,782 | 5,782 |
| Dividends | – | – | – | – | – | – | (3,653) | (3,653) |
| Capital contribution given relating to share-based payments | – | – | – | – | 107 | – | – | 107 |
| Contribution received relating to share-based payments | – | – | – | – | (191) | – | – | (191) |
| Transfer of B share nominal value issued in respect of own shares deferred and cancelled | – | (915) | 915 | – | – | – | – | – |
| B share capital redemption | – | – | 7 | – | – | – | (7) | – |
| 31 March 2008 | 4,182 | 42,934 | 10,054 | 88 | 942 | (7,867) | 28,143 | 78,476 |
The profit for the financial year dealt with in the accounts of the Company is £5,782 million (2007: £11,126 million). Under English law, the amount available for distribution to shareholders is based upon the profit and loss reserve of the Company and is reduced by the amount of own shares held and is limited by statutory or other restrictions.
The auditor’s remuneration for audit services and non-audit services to the Company was less than £1 million (2007: £1 million) and £0.4 million (2007: £0.5 million), respectively.
The directors are remunerated by Vodafone Group Plc for their services to the Group as a whole. No remuneration was paid to them specifically in respect of their services to Vodafone Group Plc for either year. Full details of the directors’ remuneration are disclosed in Directors’ Remuneration.
There were no employees other than directors of the Company throughout the current or the preceding year.