|
|
|
|
|
3. Operating profit/(loss) |
|
| Detailed below are the key amounts recognised in arriving at our operating profit/(loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2026 €m |
|
2025 |
|
2024 |
|
|
|
|
Amortisation of intangible assets (Note 10) |
|
|
4,090 |
|
|
|
3,695 |
|
|
|
3,515 |
|
|
|
|
|
Depreciation of property, plant and equipment (Note 11): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owned assets |
|
|
4,391 |
|
|
|
3,874 |
|
|
|
3,882 |
|
|
|
|
|
Leased assets |
|
|
3,973 |
|
|
|
3,235 |
|
|
|
3,017 |
|
|
|
|
|
Impairment charge/(reversal) (Note 4) |
|
|
– |
|
|
|
4,515 |
|
|
|
(64 |
) |
|
|
|
|
Staff costs (Note 24) |
|
|
5,474 |
|
|
|
5,236 |
|
|
|
5,498 |
|
|
|
|
|
Amounts related to inventory included in cost of sales |
|
|
4,915 |
|
|
|
4,514 |
|
|
|
4,659 |
|
|
|
|
|
Own costs capitalised attributable to the construction or acquisition of property, plant and equipment |
|
|
(1,395 |
) |
|
|
(1,254 |
) |
|
|
(1,188 |
) |
|
|
|
|
Gain on the revaluation of net monetary assets resulting from IAS 29 application (Note 1) 1 |
|
|
(77 |
) |
|
|
(112 |
) |
|
|
(360 |
) |
|
|
|
|
Shares pledged to Vodafone Idea Limited for settlement of the Contingent Liability Adjustment Mechanism 1 |
|
|
256 |
|
|
|
– |
|
|
|
– |
|
|
|
|
|
Gain on disposal of Indus Towers Limited 1 |
|
|
– |
|
|
|
714 |
|
|
|
– |
|
|
|
|
|
Pledge arrangements in respect of Indus Towers Limited (Note 29) 1 |
|
|
– |
|
|
|
(214 |
) |
|
|
– |
| Note:
| 1. |
Included in Other income in the consolidated income statement. | Auditor remuneration The total remuneration of the Group’s auditor, Ernst & Young LLP and other member firms of Ernst & Young Global Limited, for services provided to the Group during the year ended 31 March 2026 is analysed below.
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2025
€ m |
|
2024
€ m |
|
|
|
|
Parent company and consolidated financial statements |
|
|
11 |
|
|
|
8 |
|
|
|
7 |
|
|
|
|
|
Subsidiaries |
|
|
23 |
|
|
|
19 |
|
|
|
19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Audit-related assurance services 2 |
|
|
1 |
|
|
|
3 |
|
|
|
10 |
|
|
|
|
|
Other assurance services |
|
|
1 |
|
|
|
– |
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fees |
|
|
|
|
|
|
|
|
|
|
|
| Notes:
| 1. |
Includes fees in connection with the interim review, preliminary announcement and controls audit required under Section 404 of the Sarbanes Oxley Act. In total this amounted to € 2 million (2025: € 2 million, 2024: € 1 million). |
| 2. |
Fees for special purpose audits and statutory and regulatory filings during the year. Fees for the year ended 31 March 2024 are higher than fees for the other years presented, primarily due to Reporting Accountant and audit services performed during the year which were required in connection with the merger of Vodafone UK and Three UK and the disposal of Vodafone Spain. | Fees payable to auditors other than Ernst & Young LLP for audits of certain subsidiaries for the year ended 31 March 2026 were € 11 million (2025: € nil, 2024: € nil). |