Vodafone Group Public Limited Company · LSE:VOD
Vodafone Group Public — Vodafone Group — Investor Day (September 2004)
7 slides from Vodafone Group Public's investor day presentation, Sep 27, 2004
Slide 1: Vodafone Analyst & Investor Day
Vodafone Analyst & Investor Day Monday 27 September 2004 Vodafone Group Plc Robbie Barr Group Financial Controller 11 The following presentation is being made only to, and is only directed at, persons to whom such presentations may lawfully be communicated (“relevant persons”). Any person who is not
Slide 2: Agenda / IFRS regulatory framework
Agenda Regulatory Framework Major GAAP differences Timetable 22 IFRS regulatory framework FY 2003/4: FY 2004/5 FY 2005/6 UK GAAP UK GAAP - (IFRS?) (IFRS) IFRS Effective for FY 05/06 – June 2005 KPIs – September 2005 interims – March 2006 Annual Report Stable Platform (March 2004) SEC requirements fo
Slide 3: IFRS vs UK GAAP - Summary of principal differences
2004 Annual Report Scope of consolidation Intangible assets Business combinations Financial instruments Deferred taxes Share based payments Pensions Revenue recognition IFRS vs UK GAAP - Summary of principal differences 44 Scope of consolidation Joint Venture definition (IAS 31): Joint control Unani
Slide 4: Scope of consolidation / Intangible assets
Scope of consolidation Country Ownership UK GAAP IFRS Proportionate Italy 76.8% Consolidation Consolidation Proportionate South Africa 35.0% Equity Accounted Consolidation Proportionate Poland 19.6% Equity Accounted Consolidation Proportionate Kenya 35.0% Equity Accounted Consolidation Proportionate
Slide 5: Intangible assets / Financial instruments
Intangible assets Options Expected Impact Carry forward UK GAAP goodwill as Prospectively IFRS goodwill. Recognition of historically acquired intangible assets plus impact of amortisation to date. Retrospectively Recognition of “pure goodwill”, plus impact of impairment to date. Transition rules 88
Slide 6: Deferred taxes / IFRS timetable
Deferred taxes Temporary differences Deferred tax on undistributed profits of: – Associates – Vodafone Italy – Not Verizon Wireless – Increases effective tax rate 10 10 IFRS timetable 04/05 Interims 04/05 Full Year UK GAAP basis UK GAAP basis Outlook statements (FY04/05 & 05/06) IFRS reconciliation
Slide 7: Summary
Summary Transition project on track Work ongoing (e.g. intangibles) January 2005 IFRS Update 12 12 Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995 with respect to the financial condition