Preliminary Results Part 3
Vodafone Group PLC
28 May 2002
PART 3
NOTES TO THE PRELIMINARY RESULTS
FOR THE YEAR ENDED 31 MARCH 2002
1. BASIS OF PREPARATION
Statutory financial information
The preliminary results for the year ended 31 March 2002 are
an abridged statement of the full Group accounts which were
approved by the Board of Directors on 27 May 2002. The
Auditors' Report on these accounts was unqualified. The
preliminary results do not comprise statutory accounts
within the meaning of section 240 of the Companies Act 1985.
The non-pro forma information relating to the year ended 31
March 2001, is an extract from the published accounts for
that year, which have been delivered to the Registrar of
Companies, and on which the Auditors' Report was
unqualified. The accounts for the year ended 31 March 2002
will be delivered to the Registrar of Companies following
the Company's Annual General Meeting, to be held on 31 July
2002.
Restatements
Following the reorganisation of the Group's overall
management structure and geographical division of operations
on 1 April 2001, and subsequent announcement on 18 December
2001, the Group has adopted the following segments for the
presentation of its geographical analysis of results: Europe
(further sub-analysed between Northern Europe, Central
Europe and Southern Europe); the Americas; Asia Pacific; and
Middle East and Africa. Prior period comparatives have been
restated on the new segmental basis.
Deferred taxation is now stated on a full liability basis in
accordance with FRS 19 and comparative financial information
has been restated as necessary. The impact of adopting FRS
19 was to increase the tax charge for the years ended 31
March 2002 and 31 March 2001 by £521m and £136m,
respectively. In accordance with FRS 19, goodwill in respect
of certain past acquisitions has been restated which
resulted in the charge for the amortisation of goodwill for
the years to 31 March 2002 and 31 March 2001, reducing by
£9m and £9m, respectively.
Proportionate financial information
The tables of financial information on page 31 are presented
on a proportionate basis. Proportionate presentation is not
required by UK GAAP and is not intended to replace the
consolidated financial statements prepared in accordance
with UK GAAP. However, since significant entities in which
the Group has an interest are not consolidated,
proportionate information is provided as supplemental data
to facilitate a more detailed understanding and assessment
of the consolidated financial statements prepared in
accordance with UK GAAP.
UK GAAP requires consolidation of entities controlled by the
Group and the equity method of accounting for entities in
which the Group has significant influence but not a
controlling interest. Proportionate presentation is a pro
rata consolidation, which reflects the Group's share of
turnover and expenses in both its consolidated and
unconsolidated entities. Proportionate results are
calculated by multiplying the Group's ownership interest in
each entity by each entity's results.
Proportionate information includes results from the Group's
equity accounted investments and investments held at cost.
The Group does not have control over the turnover, expenses
or cash flow of these investments and is only entitled to
cash from dividends received from these entities. The Group
does not own the underlying assets of these investments.
Pro forma proportionate comparative financial information
Pro forma proportionate financial information for the year
ended 31 March 2001 has been derived from the audited
consolidated financial statements of the Group for that
period and the unaudited financial results of Mannesmann for
the period from 1 April to 12 April 2000, excluding the
results of businesses held for resale on acquisition. The
financial results of Mannesmann, previously prepared under
German GAAP, have been adjusted to conform materially with
the Group's accounting policies under UK GAAP. The pro
forma adjustments for the year ended 31 March 2001 have been
determined as if the acquisition of Mannesmann took place on
1 April 2000.
2. SEGMENTAL ANALYSIS
The Group's principal business is the supply of mobile
telecommunications services and products. Other operations
primarily comprise fixed line telecommunications businesses
and the Vizzavi Europe joint venture. Analyses of turnover
and total Group operating profit/(loss) by geographical
region and class of business are as follows:
Year ended Year ended
31 March 31 March
2002 2001
as
£m restated
£m
Group turnover
Mobile telecommunications:
Northern Europe 5,432 4,511
Central Europe 4,177 4,031
Southern Europe 6,743 4,479
--------- ---------
Europe 16,352 13,021
Americas 12 9
Asia Pacific 4,072 713
Middle East and Africa 306 308
--------- ---------
20,742 14,051
Other operations
Europe 998 953
Asia Pacific 1,105 -
--------- ---------
22,845 15,004
========= =========
Total Group operating profit/(loss)
(before goodwill and exceptional
items)
Mobile telecommunications:
Northern Europe 1,685 1,284
Central Europe 1,543 1,097
Southern Europe 2,072 1,449
--------- ---------
Europe 5,300 3,830
Americas 1,317 1,237
Asia Pacific 589 205
Middle East and Africa 161 213
--------- ---------
7,367 5,485
Other operations
Europe (306) (281)
Asia Pacific (17) -
--------- ---------
7,044 5,204
Subsidiary undertakings 5,071 3,322
Share of joint ventures
and associated undertakings 1,973 1,882
Amortisation of goodwill (13,470) (11,873)
Exceptional operating items
(Note 3) (5,408) (320)
--------- ---------
Total Group operating loss (11,834) (6,989)
========= =========
3. EXCEPTIONAL OPERATING COSTS
Year ended Year ended
31 March 31 March
2002 2001
£m £m
Impairment of intangible
and tangible
fixed assets 5,100 91
Reorganisation costs 86 85
Share of exceptional operating
items of associated
undertakings and joint ventures 222 141
Other items - 3
--------- ---------
5,408 320
========= =========
4. EXCEPTIONAL NON-OPERATING ITEMS
Year ended Year ended
31 March 31 March
2002 2001
£m £m
Amounts written off fixed asset
investments (920) (193)
Profit on disposal of fixed
asset investments 9 6
Profit on disposal of fixed assets 10 6
Profit on disposal of businesses 41 -
Profit on termination of
hedging instrument - 261
--------- ---------
(860) 80
========= =========
5. TAX ON LOSS ON ORDINARY ACTIVITIES
Year ended Year ended
31 March 31 March
2002 2001
£m as restated
£m
Current taxation
UK 187 191
International 535 909
--------- ---------
722 1,100
Deferred taxation 1,489 381
--------- ---------
2,211 1,481
Tax on exceptional items (71) (55)
--------- ---------
2,140 1,426
========= =========
6. EARNINGS PER SHARE
Year ended Year ended
31 March 31 March
2002 2001
as
£m restated
£m
Loss for basic loss per share (16,155) (9,885)
Amortisation of goodwill 13,470 11,873
Exceptional operating items,
net of attributable taxation
and minority interests 5,309 230
Exceptional non-operating items,
net of attributable taxation 874 (45)
--------- ---------
Earnings for adjusted earnings
per share 3,498 2,173
========= =========
Weighted average number of shares
(millions):
Basic and adjusted 67,961 61,439
Diluted 67,715 61,398
7. RECONCILIATION OF OPERATING LOSS TO NET CASH INFLOW FROM
OPERATING ACTIVITIES
Year ended Year ended
31 March 31 March
2002 2001
£m £m
Operating loss (10,377) (6,439)
Exceptional items 4,486 176
Depreciation 2,880 1,593
Amortisation of goodwill 10,962 9,585
Amortisation of other intangible
fixed assets 34 24
Loss on disposal of
tangible fixed assets 46 -
--------- ---------
8,031 4,939
Working capital movements 98 (268)
Payments in respect of
exceptional items (27) (84)
--------- ---------
8,102 4,587
========= =========
8. ANALYSIS OF NET DEBT
Acquisi-
tions Other
(exclud- non-cash
ing changes
At 1 cash & & At 31
April Cash over- exchange March
2001 flow drafts) movements 2002
£m £m £m £m £m
Liquid
resources 7,593 (7,042) 1,309 (71) 1,789
-------- ------ ------- ------- --------
Cash at bank
and in hand 68 17 - (5) 80
Bank
overdrafts (5) (6) - 11 -
-------- ------ ------- ------- --------
63 11 - 6 80
-------- ------ ------- ------- --------
Debt due
within
one year
(other than
bank
overdrafts) (3,596) 3,742 (1,260) (105) (1,219)
Debt due
after one
year (10,630) 480 (2,912) 745 (12,317)
Finance leases (152) 46 (253) (8) (367)
-------- ------ ------- ------- --------
(14,378) 4,268 (4,425) 632 (13,903)
-------- ------ ------- ------- --------
(6,722) (2,763) (3,116) 567 (12,034)
======== ====== ======= ======= ========
Included within net debt are bond issues maturing as follows:
£m
One year or less 605
More than one year but not more than two years 561
More than two years but not more than five years 4,970
More than five years 5,401
--------
11,537
========
9. SUMMARY OF DIFFERENCES BETWEEN UK AND US GAAP
The preliminary results have been prepared in accordance
with UK Generally Accepted Accounting Principles ('UK
GAAP'), which differ in certain significant respects from
US Generally Accepted Accounting Principles ('US GAAP'). A
description of the relevant accounting principles which
differ materially is provided within Vodafone Group Plc's
Annual Report & Accounts and Form 20-F for the year ended
31 March 2002. The effects of these differing accounting
principles are as follows:
Year ended
Year ended 31 March
31 March 2001
2002 as restated
£m £m
Revenues in accordance with
UK GAAP 22,845 15,004
Items decreasing revenues:
Non-consolidated subsidiaries (4,162) (3,409)
Deferral of connection revenues (1,044) (492)
--------- ---------
Revenues in accordance with
US GAAP 17,639 11,103
========= =========
Net loss in accordance with
UK GAAP (16,155) (9,885)
Items (increasing)/decreasing
net loss:
Goodwill and other
intangibles amortisation (9,719) (5,302)
Deferral of connection income (15) (54)
Capitalised interest 387 365
Income taxes 7,627 7,847
Minority interests 1,308 (40)
Loss on disposal of businesses (85) -
Other (36) (2)
--------- ---------
Net loss in accordance with
US GAAP (16,688) (7,071)
========= =========
US GAAP basic loss per
ordinary share (24.56)p (11.51)p
========= =========
Shareholders' equity in
accordance with UK GAAP 130,573 145,007
Items increasing/
(decreasing) shareholders'
equity:
Goodwill and other
intangibles - net
of amortisation 61,765 66,197
Deferral of connection income (100) (85)
Capitalised interest 752 365
Cumulative deferred income taxes (46,996) (51,222)
Minority interests (5,514) (5,149)
Proposed dividends 511 464
Other (104) (55)
--------- ---------
Shareholders' equity in
accordance with US GAAP 140,887 155,522
========= =========
10.PROPORTIONATE FINANCIAL INFORMATION
Year ended Year ended
31 March 31 March
2002 2001
(note 1)
£m £m
Proportionate turnover
Mobile telecommunications:
Northern Europe 6,516 5,357
Central Europe 4,694 4,323
Southern Europe 5,109 3,521
--------- ---------
Europe 16,319 13,201
Americas 5,638 5,008
Asia Pacific 5,373 2,771
Middle East and Africa 488 448
--------- ---------
27,818 21,428
Other operations
Europe 821 767
Asia Pacific 1,160 35
--------- ---------
29,799 22,230
========= =========
Proportionate EBITDA (note 2)
Mobile telecommunications:
Northern Europe 2,264 1,674
Central Europe 2,068 1,478
Southern Europe 2,131 1,450
--------- ---------
Europe 6,463 4,602
Americas 1,907 1,627
Asia Pacific 1,321 587
Middle East and Africa 211 227
--------- ---------
9,902 7,043
Other operations
Europe (8) (32)
Asia Pacific 199 5
--------- ---------
Proportionate EBITDA (note 2) 10,093 7,016
Less: depreciation and
amortisation, (3,693) (2,234)
excluding goodwill
--------- ---------
Mobile telecommunications 6,688 5,019
Other operations (288) (237)
Proportionate total Group
operating profit before
goodwill amortisation and
exceptional items 6,400 4,782
========= =========
Notes
(1)Financial information for the comparative period is stated
on a pro forma basis for the acquisition of Mannesmann, and
has been presented in accordance with the new segmental
basis. Further details are provided in Note 1 to the
accounts.
(2)Proportionate EBITDA (earnings before interest, tax,
depreciation and amortisation) is defined as operating
profit before exceptional items plus depreciation and
amortisation of subsidiary undertakings, joint ventures,
associated undertakings and investments, proportionate to
equity stakes. Proportionate EBITDA represents the Group's
ownership interests in the respective entities' EBITDA. As
such, proportionate EBITDA does not represent EBITDA
available to the Group.
SHAREHOLDER ENQUIRIES AND INFORMATION
This report will also be available on the Vodafone Group Plc
website: www.vodafone.com from 28 May 2002.
FOR FURTHER INFORMATION:
Vodafone Group
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Bobby Leach, Head of Group Financial Media Relations
Darren Jones, Senior Investor Relations Manager
Tel: +44 (0) 1635 673310
Tavistock Communications
Lulu Bridges / John West
Tel: +44 (0) 20 7600 2288
Forward-Looking Statements
This document contains certain 'forward-looking statements'
with respect to Vodafone's financial condition, results of
operations and business and certain of Vodafone's plans and
objectives with respect to these items. In particular, forward-
looking statements include statements with respect to
Vodafone's expectations as to launch and roll-out dates for
products and services, including 3G services, the expected
benefits of 3G and other services and demand for such services,
growth in customers and usage, future performance, including
revenues, average revenue per customer, EBITDA, cash flows,
costs, capital expenditures and improvements in margin, non-
voice services and their revenue contribution, the effect of
synergies and cost saving measures, the likelihood of
impairment charges, mobile penetration rates, churn, overall
market trends and other trend projections. Forward-looking
statements are sometimes, but not always, identified by their
use of a date in the future or such words as 'anticipates',
'aims', 'due', 'could', 'may', 'should', 'expects', 'believes',
'intends', 'plans', 'targets', 'goal' or 'estimates'. By their
nature, forward-looking statements are inherently predictive,
speculative and involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in
the future. There are a number of factors that could cause
actual results and developments to differ materially from those
expressed or implied by these forward-looking statements.
These factors include, but are not limited to, changes in
economic conditions that would adversely affect demand for
mobile telephone services; greater than anticipated competitive
activity; slower customer growth or reduced customer retention;
the impact on capital spending from investment in network
capacity and the deployment of new technologies; the
possibility that technologies, including mobile internet
platforms and services, including 3G services, will not perform
according to expectations or that vendors' performance will not
meet Vodafone's requirements; changes in projected growth
rates in the mobile telecommunications industry; the accuracy
of and any changes in Vodafone's projected revenue model;
future revenue contributions of data services offered by
Vodafone; lower than expected impact of GPRS and 3G on future
revenues; Vodafone's ability to harmonise mobile problems and
any delays or other problems anticipated with the rollout and
scope of 3G technology and services; Vodafone's ability to
offer new services and the delivery and performance of GPRS and
3G handsets and other key products; greater than anticipated
prices of new mobile phones; Vodafone's ability to realise
benefits from entering into partnerships for developing data
and internet services; Vodafone's ability to develop
competitive data content and services; changes in the
regulatory framework in which Vodafone operates; the impact of
legal or other proceedings against Vodafone or other companies
in the mobile telecommunications industry; and changes in
exchange rates, including particularly the exchange rate of the
pound to the euro. Furthermore, a review of the reasons why
actual results and developments may differ materially from the
expectations disclosed or implied within forward-looking
statements can be found under the heading 'Risk Factors' on
pages 8-10 of our U.S. Annual Report on Form 20-F for the year
ended 31 March 2001. All subsequent written or verbal forward-
looking statements attributable to Vodafone or any member of
the Vodafone Group or persons acting on their behalf are
expressly qualified in their entirety by the factors referred
to above. Vodafone does not intend to update these forward-
looking statements.
APPENDIX 1 - VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES
CUSTOMER INFORMATION AT 31 MARCH 2002
Registered
Proport- Registere
Percentage Venture ionate d
Country by Ownership Customers customers prepaid
region Operator (1) (thousands) (thousands) (%) (2)
NORTHERN EUROPE
UK Vodafone 100.0 13,186 13,186 62
Ireland Vodafone 100.0 1,704 1,704 72
Netherlands Vodafone 70.0 3,270 2,289 64
Sweden Europolitan
Vodafone* 71.1 1,163 827 28
Others 16,542 5,000 51
--------- ---------
TOTAL 35,865 23,006 57
CENTRAL EUROPE
Germany Vodafone 99.7 21,489 21,434 57
Hungary Vodafone* 59.4 556 330 91
Others 7,043 1,567 41
--------- ---------
TOTAL 29,088 23,331 54
SOUTHERN EUROPE
Greece Vodafone* 51.9 2,966 1,539 72
Italy Omnitel
Vodafone 76.6 17,711 13,560 91
Malta Vodafone* 80.0 152 122 92
Portugal Vodafone 50.9 2,838 1,445 74
Spain Vodafone 91.6 7,905 7,241 55
Albania Vodafone(5) 76.9 170 130 99
Others 2,180 438 64
--------- ---------
TOTAL 33,922 24,475 78
AMERICAS
United Verizon
States Wireless(4) 44.2 29,585 13,081 6
Others 1,995 689 81
--------- ---------
TOTAL 31,580 13,770 11
ASIA PACIFIC
Japan J-Phone
Vodafone(5) 69.7 12,185 8,496 4
Australia Vodafone 95.5 2,146 2,050 37
New Zealand Vodafone 100.0 1,095 1,095 78
Others 74,600 1,685 54
--------- ---------
TOTAL 90,026 13,326 47
MIDDLE EAST AND AFRICA
Egypt Vodafone* 60.0 1,718 1,031 87
Others 6,997 2,197 84
--------- ---------
TOTAL 8,715 3,228 85
--------- ---------
GROUP TOTAL 229,196 101,136 50
========= =========
APPENDIX 1 - VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES
(Continued)
CUSTOMER INFORMATION AT 31 MARCH 2002
Controlled active (3)
---------------------------------
Percentage
Country by ownership Prepaid Contract Total
region Operator (1) (%) (%) (%)
NORTHERN EUROPE
UK Vodafone 100.0 84 98 89
Ireland Vodafone 100.0 99 98 99
Netherlands Vodafone 70.0 88 99 92
Sweden Europolitan
Vodafone* 71.1 85 90 89
Others
TOTAL 86 97 90
CENTRAL EUROPE
Germany Vodafone 99.7 89 94 91
Hungary Vodafone* 59.4 91 97 92
Others
TOTAL 89 94 91
SOUTHERN EUROPE
Greece Vodafone* 51.9 71 90 76
Italy Omnitel
Vodafone 76.6 94 92 93
Malta Vodafone* 80.0 92 99 93
Portugal Vodafone 50.9 N/a N/a 90
Spain Vodafone 91.6 86 94 89
Albania Vodafone(5) 76.9 N/a N/a N/a
Others
TOTAL 89 94 90
AMERICAS
United Verizon
States Wireless(4) 44.2
Others
TOTAL
ASIA PACIFIC
Japan J-Phone
Vodafone(5) 69.7 N/a N/a 99
Australia Vodafone 95.5 90 95 93
New Zealand Vodafone 100.0 95 100 96
Others
TOTAL 93 95 98
MIDDLE EAST AND AFRICA
Egypt Vodafone* 60.0 96 96 96
Others
TOTAL 96 96 96
GROUP TOTAL 89 95 92
Notes
1. All ownership percentages are stated as at 31 March 2002 and
exclude options, warrants or other rights or obligations of
Vodafone Group Plc to increase or decrease ownership in any
venture. Ownership interests have been rounded to the
nearest tenth of one percent.
2. Registered prepaid percentages are calculated on a total
venture customer basis.
3. Active customers are defined as customers who have made or
received a chargeable event in the last three months or,
where information is not available, defined as customers who
have made a chargeable event in the last three months
(indicated by *).
4. The Group's ownership interest in Verizon Wireless is 45.0%.
However, the Group's proportionate customer base has been
adjusted for Verizon Wireless's proportionate ownership of
its customer base of approximately 98.3%. In the absence of
acquired interests, this proportionate ownership will vary
slightly each period dependent on the underlying mix of net
additions across each of these networks.
5. No customer activity information is presently available in
Albania, where network services commenced in August 2001.
In Japan, customer activity information is only presently
available on a total customer basis. In both these
networks, systems are being enabled to report detailed
customer activity in the near future.
APPENDIX 2 - VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS
BUSINESSES
ARPU INFORMATION FOR THE 12 MONTH PERIOD TO 31 MARCH 2002
ARPU (2)
-------------------------------------------------
COUNTRY LOCAL REGISTERED REGISTERED REGISTERED
BY REGION OPERATOR CURRENCY PREPAID CONTRACT TOTAL
NORTHERN EUROPE
UK Vodafone
(1) GBP 118 555 276
CENTRAL EUROPE
Germany Vodafone EUR 110 559 298
Hungary Vodafone HUF 37,895 198,069 53,417
SOUTHERN EUROPE
Italy Omnitel
Vodafone
(1) EUR 297 769 345
Malta Vodafone MTL 94 913 170
Spain Vodafone EUR 148 639 371
ASIA PACIFIC
Japan J-Phone
Vodafone JPY N/a N/a 91,903
Australia Vodafone
(1) AUD 331 877 688
New Zealand Vodafone NZD 287 1,812 636
MIDDLE EAST & AFRICA
Egypt Vodafone
(1) EGP 807 3,068 1,079
Notes
1. Prior to current quarter, monthly and annual ARPU for the
UK, Italy, Australia and Egypt were slightly understated
compared to the other Group operators due to the exclusion
of certain distributor discounts on prepay top-up cards from
prepay customer revenues. The impact on these operators of
the alignment to the Group's methodology of basing prepay
customer revenues on the face value of top-up cards has been
to increase the previously disclosed registered total ARPU
for the 12 months to 31 December 2001 as set out in the
table below. In addition, as a result of the UK and Egypt
now analysing incoming calls for activity purposes, incoming
interconnect revenue is now able to be more accurately
attributed to prepaid and contract revenue, substantially
accounting for the revisions to 12 month contract and
prepaid ARPU to December 2001 detailed below.
RESTATED ARPU FOR THE 12 MONTH
PERIOD TO 31 DECEMBER 2001
----------------------------------------------
COUNTRY LOCAL REGISTERED REGISTERED REGISTERED
CURRENCY PREPAID CONTRACT TOTAL
UK GBP 125 552 278
Italy EUR 298 763 345
Australia AUD 342 880 701
Egypt EGP 939 2,958 1,192
2. ARPU is calculated for the 12 month period to 31 March 2002
and excludes handset revenues and connection fees.
APPENDIX 3 - VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS
BUSINESSES
NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUES
PROPORTIONATE 12 MONTHS TO 31 MARCH 2002
-------------------------------------
COUNTRY BY OPERATOR MESSAGING INTERNET TOTAL
REGION DATA DATA DATA
NORTHERN EUROPE
UK Vodafone(1) 10.6% 1.2% 11.8%
Others 6.3% 0.2% 6.5%
TOTAL 8.8% 0.8% 9.6%
CENTRAL EUROPE
Germany Vodafone 13.9% 0.5% 14.4%
Others 6.8% 0.4% 7.2%
TOTAL 13.0% 0.5% 13.5%
SOUTHERN EUROPE
Omnitel Vodafone(1) 8.5% 0.2% 8.7%
Others 7.6% 0.1% 7.7%
TOTAL 8.1% 0.2% 8.3%
AMERICAS
United Verizon
States Wireless 0.1% 0.5% 0.6%
Other - - -
TOTAL 0.1% 0.5% 0.6%
ASIA PACIFIC
Japan J-Phone
Vodafone(2) 5.6% 9.5% 15.1%
Others 6.1% 0.3% 6.4%
TOTAL 5.7% 7.6% 13.3%
MIDDLE EAST AND AFRICA 3.3% 0.1% 3.4%
PROPORTIONATE GROUP
TOTAL(3) 7.0% 1.7% 8.7%
STATUTORY
CONTROLLED GROUP
TOTAL(3) 9.5% 1.6% 11.1%
APPENDIX 3 - VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS
BUSINESSES
NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUES
(Continued)
PROPORTIONATE MARCH 2002 (MONTH ONLY)
-------------------------------------
COUNTRY BY OPERATOR MESSAGING INTERNET TOTAL DATA
REGION DATA DATA
NORTHERN EUROPE
UK Vodafone(1) 12.3% 1.1% 13.4%
Others 7.8% 0.3% 8.1%
TOTAL 10.4% 0.8% 11.2%
CENTRAL EUROPE
Germany Vodafone 14.5% 0.7% 15.2%
Others 7.4% 0.5% 7.9%
TOTAL 13.6% 0.7% 14.3%
SOUTHERN EUROPE
Omnitel Vodafone(1) 9.5% 0.3% 9.8%
Others 8.0% 0.1% 8.1%
TOTAL 8.8% 0.2% 9.0%
AMERICAS
United States Verizon
Wireless 0.1% 0.5% 0.6%
Other - - -
TOTAL 0.1% 0.5% 0.6%
ASIA PACIFIC
Japan J-Phone
Vodafone(2) 6.6% 13.2% 19.8%
Others 7.6% 0.4% 8.0%
TOTAL 6.8% 10.8% 17.6%
MIDDLE EAST AND AFRICA 3.7% 0.1% 3.8%
PROPORTIONATE GROUP
TOTAL(3) 7.9% 2.4% 10.3%
STATUTORY
CONTROLLED GROUP 9.8% 3.7% 13.5%
TOTAL(3)
Notes
1. Prior to the current quarter, monthly and annual data
percentages for the UK and Italy were slightly overstated
compared to other Group operators due to the exclusion of
certain distributor discounts on prepay top-up cards from
prepay customer revenues. The impact on these operators of
the alignment to the Group's methodology of basing prepay
customer revenues on the face value of top-up cards has been
to reduce the December 2001 reported annual total data
percentages for the UK and Italy from 10.1% and 8.2% to
10.1% and 7.9%, respectively and the December 2001 monthly
total data percentages from 12.9% and 11.1% to 12.7% and
10.7%, respectively.
2. With effect from the quarter ended 31 March 2002, J-Phone
Vodafone has allocated bundled airtime for the year to 31
March 2002 between voice, messaging and internet data
revenues on the basis of actual usage, having previously
included all such bundled airtime in voice revenues. In
addition, J-Phone Vodafone monthly and annual ARPU have been
re-phased to reflect the impact of a 13% reduction to mobile-
to-mobile inter-operator connection fees, effective March
2002 and applicable in arrears for the period from April
2001 to March 2002. The annual and monthly percentages for
December 2001 on this new basis were 13.4% and 16.0%,
respectively, compared to the previously reported 12.3% and
13.8%, respectively.
3. The impact of the changes in (1) and (2) above on the
previously reported Group percentages were to increase the
proportionate Group total annual and monthly percentages
from 7.8% and 9.3% to 8.0% and 9.7%, respectively, and to
increase the statutory controlled Group total annual and
monthly percentages from 10.1% and 12.2% to 10.2% and 12.7%,
respectively.
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