v3.25.1
Discontinued operations and assets held for sale (Tables)
 12 Months Ended
Mar. 31, 2025
Discontinued operations and assets held for sale  
Schedule of income statement of discontinued operations
     
    2025 
€m 
  
    2024 
€
m 
  
    2023 
€
m 
(Loss)/profit for the financial year - Discontinued operations
       
Vodafone Spain
1
      53       (5 )      (340 ) 
Vodafone Italy
2
      (75 )      (60 )      93  
Total
   
 
(22
) 
  
 
(65
) 
  
 
(247
) 
    
 
 
 
                
 
Loss per share - Discontinued operations
       
Basic
      (0.08)c       (0.24)c       (0.89)c  
Diluted
      (0.08)c       (0.24)c       (0.89)c  
Summary of segment analysis of discontinued operations
 
     
    2025 
€m 
     
    2024 
€
m 
   
    2023 
€
m 
Revenue
   
 
603 
 
   
 
3,773 
 
   
 
3,675 
 
Cost of sales
      (321)        (2,593)        (2,959)  
Gross profit
   
 
282 
 
   
 
1,180 
 
   
 
716 
 
Selling and distribution expenses
      (27)        (259)        (314)  
Administrative expenses
      (34)        (435)        (575)  
Net credit losses on financial assets
      (15)        (120)        (35)  
Other expense
      –         –         (122)  
Operating profit/(loss)
   
 
206 
 
   
 
366 
 
   
 
(330)
 
Investment income
      3         29         16   
Financing costs
      (8)        (56)        (26)  
Profit/(loss) before taxation
   
 
201 
 
   
 
339 
 
   
 
(340)
 
Income tax credit
      –         1         –   
Profit/(loss) after tax of discontinued operations
   
 
201 
 
   
 
340 
 
   
 
(340)
 
                            
After tax loss on the re-measurement of disposal group
   
 
– 
 
   
 
(345)
 
   
 
– 
 
                            
Loss on sale of disposal group
   
 
(148)
 
   
 
– 
 
   
 
– 
 
                            
Profit/(loss) for the financial year from discontinued operations
   
 
53 
 
   
 
(5)
 
   
 
(340)
 
                            
Total comprehensive income/ (expense) for the financial year from discontinued operations
         
Attributable to owners of the parent
      53         (5)        (340)  
 
     
2025
€m
  
2024
€
m
  
2023 
€
m 
Revenue
   
 
3,356
 
  
 
4,579
 
  
 
4,722
 
Cost of sales
       (1,293 )       (3,438 )       (3,532 ) 
Gross profit
   
 
2,063
 
  
 
1,141
 
  
 
1,190
 
Selling and distribution expenses
      (160 )      (244 )      (238 ) 
Administrative expenses
      (356 )      (760 )      (710 ) 
Net credit losses on financial assets
      (36 )      (51 )      (66 ) 
Other income/(expense)
      –       –       (1 ) 
Operating profit
   
 
1,511
 
  
 
86
 
  
 
175
 
Financing costs
      (66 )      (86 )      (93 ) 
Profit before taxation
   
 
1,445
 
  
 
–
 
  
 
82
 
Income tax credit/ (expense)
      (387 )      23       11  
Profit after tax of discontinued operations
   
 
1,058
 
  
 
23
 
  
 
93
 
                          
After tax loss on the
re-measurement
of disposal group
   
 
–
 
  
 
(83
) 
  
 
–
 
                          
Loss on sale of disposal group
   
 
(1,133
)
  
 
–
 
  
 
–
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss)/profit for the financial year from discontinued operations
   
 
(75
) 
  
 
(60
) 
  
 
93
 
                          
Total comprehensive (expense)/income for the financial year from discontinued operations
       
Attributable to owners of the parent
      (72 )      (71 )      80  
Schedule of net assets and liabilities held for sale
     
Vodafone
Spain
€m
   
Vodafone
Italy
€m
   
Total 
€m 
Non-current
assets
         
Goodwill
      –        2,398        2,398   
Other intangible assets
      987        3,331        4,318  
Property, plant and equipment
      4,957        4,307        9,264  
Other investments
      2        –        2  
Deferred tax assets
      –        461        461  
Trade and other receivables
      223        167        390  
 
   
 
6,169
 
   
 
10,664
 
   
 
16,833
 
Current assets
         
Inventory
      39        134        173  
Taxation recoverable
      –        77        77  
Trade and other receivables
      805        1,117        1,922  
Cash and cash equivalents
      13        29        42  
 
   
 
857
 
   
 
1,357
 
   
 
2,214
 
Assets held for sale
   
 
7,026
 
   
 
12,021
 
   
 
19,047
 
Non-current
liabilities
         
Borrowings
      878        1,509        2,387  
Deferred tax liabilities
      3        –        3  
Post employment benefits
      –        45        45  
Provisions
      158        115        273  
Trade and other payables
      43        120        163  
 
   
 
1,082
 
   
 
1,789
 
   
 
2,871
 
Current liabilities
         
Borrowings
      346        673        1,019  
Taxation liabilities
      –        12        12  
Provisions
      23        67        90  
Trade and other payables
      1,203        1,723        2,926  
 
   
 
1,572
 
   
 
2,475
 
   
 
4,047
 
Liabilities held for sale
   
 
  2,654
 
   
 
  4,264
 
   
 
  6,918