LVMH company 4000 words

Intro

X	Company Name				Vodafone Group PLC (VOD LN)
	Sub-header				EUR in Millions, except per share
		Colour Explaination			Black: Formula calculation result
					Green: Quote result
					Blue: Historial data

&8COPYRIGHT 2009 © by Training The Street, Inc &G &8For training purposes only!

Q_Revenues

		IFRS 15 basis
		Q1 17/18	Q2 17/18	Q3 17/18	Q4 17/18	Q1 18/19	Q2 18/19	Q3 18/19	Q4 18/19	Q1 19/20	Q2 19/20	Q3 19/20	Q4 19/20	Q1 20/21
		€m	€m	€m	€m	€m	€m	€m	€m	€m	€m	€m	€m	€m
Group2, 3
	Europe	8,020	8,161	8,322	8,181	7,957	8,136	8,148	7,903	7,792	8,433	8,970	8,598	8,155
	Vodacom	1,364	1,323	1,367	1,407	1,371	1,347	1,359	1,366	1,332	1,402	1,452	1,345	1,153		33,793
	Other Markets	1,458	1,449	1,456	1,411	1,281	1,178	1,189	1,216	1,215	1,136	1,027	1,008	937		5,531
	Other and eliminations	293	308	303	317	293	285	302	335	314	315	301	334	261		4,386
	Revenue	11,135	11,241	11,448	11,316	10,902	10,946	10,998	10,820	10,653	11,286	11,750	11,285	10,506		1,264
																44,974
	Mobile customer revenue	6,044	6,084	5,978	5,914	5,770	5,784	5,779	5,661	5,655	5,757	5,715	5,575	5,241
	Mobile incoming revenue	525	511	508	486	465	451	462	424	438	437	437	427	431
	Other service revenue	471	549	479	503	474	508	452	475	458	520	480	479	383		Mobile Service	26,378
	Mobile service revenue	7,040	7,144	6,965	6,903	6,709	6,743	6,693	6,560	6,551	6,714	6,632	6,481	6,055		Fixed Service	11,493
	Fixed service revenue	2,457	2,394	2,480	2,617	2,421	2,395	2,460	2,477	2,443	2,836	3,101	3,113	3,055		Others	7,103
	Service revenue	9,497	9,538	9,445	9,520	9,130	9,138	9,153	9,037	8,994	9,550	9,733	9,594	9,110		Total	44,974
														-5.99%
Europe3
	Mobile customer revenue	4,216	4,301	4,214	4,153	4,095	4,167	4,121	4,013	3,994	4,049	4,028	3,960	3,776
	Mobile incoming revenue	353	344	351	335	334	322	325	303	307	301	310	305	310
	Other service revenue	323	388	325	324	319	358	311	306	301	348	317	302	247
	Mobile service revenue	4,892	5,033	4,890	4,812	4,748	4,847	4,757	4,622	4,602	4,698	4,655	4,567	4,333
	Fixed service revenue	2,071	2,063	2,128	2,260	2,148	2,144	2,196	2,218	2,180	2,640	2,931	2,940	2,894
	Service revenue	6,963	7,096	7,018	7,072	6,896	6,991	6,953	6,840	6,782	7,338	7,586	7,507	7,227
	Germany3
	Mobile customer revenue	1,093	1,135	1,122	1,089	1,092	1,138	1,124	1,099	1,103	1,127	1,112	1,103	1,074
	Mobile incoming revenue	53	53	52	50	51	50	51	48	48	49	51	55	57
	Other service revenue	117	140	132	134	125	133	124	115	109	113	110	104	95
	Mobile service revenue	1,263	1,328	1,306	1,273	1,268	1,321	1,299	1,262	1,260	1,289	1,273	1,262	1,226
	Fixed service revenue	964	975	983	1,093	989	999	1,002	1,005	1,005	1,407	1,610	1,590	1,614
	Service revenue	2,227	2,303	2,289	2,366	2,257	2,320	2,301	2,267	2,265	2,696	2,883	2,852	2,840
	Italy
	Mobile customer revenue	947	961	936	921	835	854	852	812	773	794	776	740	689
	Mobile incoming revenue	88	84	88	86	89	81	84	74	75	71	74	70	77
	Other service revenue	53	75	55	60	53	64	57	59	57	69	66	60	49
	Mobile service revenue	1,088	1,120	1,079	1,067	977	999	993	945	905	934	916	870	815
	Fixed service revenue	248	248	263	263	268	268	291	289	293	292	304	319	305
	Service revenue	1,336	1,368	1,342	1,330	1,245	1,267	1,284	1,234	1,198	1,226	1,220	1,189	1,120
	UK
	Mobile customer revenue	779	765	764	766	760	773	761	762	771	755	790	776	736
	Mobile incoming revenue	77	75	76	74	70	71	68	66	65	65	66	66	59
	Other service revenue	74	73	67	68	65	61	61	67	61	68	68	67	51
	Mobile service revenue	930	913	907	908	895	905	890	895	897	888	924	909	846
	Fixed service revenue	324	303	321	347	334	326	345	362	336	330	358	378	347
	Service revenue	1,254	1,216	1,228	1,255	1,229	1,231	1,235	1,257	1,233	1,218	1,282	1,287	1,193
	Spain
	Mobile customer revenue	661	680	653	638	646	629	610	584	575	563	561	574	552
	Mobile incoming revenue	42	41	41	35	32	31	32	30	31	29	32	33	39
	Other service revenue	43	63	39	41	38	52	38	33	38	59	38	40	24
	Mobile service revenue	746	784	733	714	716	712	680	647	644	651	631	647	615
	Fixed service revenue	370	371	384	378	378	356	359	355	344	327	335	325	305
	Service revenue	1,116	1,155	1,117	1,092	1,094	1,068	1,039	1,002	988	978	966	972	920
	Ireland service revenue4	207	208	209	215	211	208	209	218	209	215	209	205	195
	Portugal service revenue4	224	240	229	224	231	241	234	227	238	254	248	245	240
	Romania service revenue4	160	167	163	158	158	162	159	149	159	188	197	190	190
	Greece service revenue4	192	207	189	183	202	224	220	214	218	237	219	210	199
	Other Europe service revenue	1,060	1,110	1,078	1,064	1,097	1,141	1,119	1,103	1,128	1,264	1,265	1,233	1,171
	Eliminations	(30)	(56)	(36)	(35)	(26)	(36)	(25)	(23)	(30)	(44)	(30)	(26)	(17)
	Service revenue	6,963	7,096	7,018	7,072	6,896	6,991	6,953	6,840	6,782	7,338	7,586	7,507	7,227
Vodacom5
	Mobile customer revenue	953	914	926	953	958	931	942	931	923	957	977	914	809
	Mobile incoming revenue	40	40	45	42	42	42	39	41	40	41	40	36	32
	Other service revenue	55	62	56	63	55	48	50	55	51	71	75	75	58
	Mobile service revenue	1,048	1,016	1,027	1,058	1,055	1,021	1,031	1,027	1,014	1,069	1,092	1,025	899
	Fixed service revenue	60	52	63	55	58	65	65	69	64	70	70	66	51
	Service revenue	1,108	1,068	1,090	1,113	1,113	1,086	1,096	1,096	1,078	1,139	1,162	1,091	950
Other Markets
	Mobile customer revenue	869	859	839	803	711	682	712	715	732	744	699	690	647
	Mobile incoming revenue	133	129	121	114	108	97	99	97	102	109	99	96	97
	Other service revenue	39	48	42	41	35	38	36	34	41	38	29	30	22
	Mobile service revenue	1,041	1,036	1,002	958	854	817	847	846	875	891	827	816	766
	Fixed service revenue	187	183	174	178	165	154	162	166	161	97	64	65	74
	Service revenue	1,228	1,219	1,176	1,136	1,019	971	1,009	1,012	1,036	988	891	881	840
	Turkey6
	Mobile customer revenue	422	431	404	376	359	310	336	336	335	385	375	356	328
	Mobile incoming revenue	79	79	73	66	65	54	53	55	54	58	55	53	51
	Other service revenue	12	23	12	14	11	16	12	10	13	20	13	13	6
	Mobile service revenue	513	533	489	456	435	380	401	401	402	463	443	422	385
	Fixed service revenue	33	31	33	35	34	23	31	31	32	36	38	38	45
	Service revenue	546	564	522	491	469	403	432	432	434	499	481	460	430
	Egypt service revenue6	226	232	234	231	248	272	274	279	313	356	356	369	361
Notes:
1	Organic growth is an alternative performance measure which presents performance on a comparable basis, both in terms of merger and acquisition activity and movements in foreign exchange rates.
2	Group service revenue includes the results of Europe, Vodacom, Other markets and Other (which includes the results of partner markets) and eliminations.
3	The allocation between mobile service revenue and fixed service revenue has been restated in Vodafone Germany for the eight quarters ended 31 March 2019, with an equivalent impact on the Europe and Group figures for mobile service revenue and fixed service revenue. There is no impact on total service revenue for any quarter presented.
4	Included within the Other Europe segment.
5	Vodacom refers to the Group's interests in Vodacom Group Limited and its subsidiaries including those located outside of South Africa.
6	Included within the Other Markets segment.

Group Quarterly Different Area Revenue, €m 

Europe

Q1 17/18 Q2 17/18 Q3 17/18 Q4 17/18 Q1 18/19 Q2 18/19 Q3 18/19 Q4 18/19 Q1 19/20 Q2 19/20 Q3 19/20 Q4 19/20 Q1 20/21 8020 8161 8322 8181 7957 8136 8148 7903 7792 8433 8970 8598 8155 Vodacom

Q1 17/18 Q2 17/18 Q3 17/18 Q4 17/18 Q1 18/19 Q2 18/19 Q3 18/19 Q4 18/19 Q1 19/20 Q2 19/20 Q3 19/20 Q4 19/20 Q1 20/21 1364 1323 1367 1407 1371 1347 1359 1366 1332 1402 1452 1345 1153 Other Markets

Q1 17/18 Q2 17/18 Q3 17/18 Q4 17/18 Q1 18/19 Q2 18/19 Q3 18/19 Q4 18/19 Q1 19/20 Q2 19/20 Q3 19/20 Q4 19/20 Q1 20/21 1458 1449 1456 1411 1281 1178 1189 1216 1215 1136 1027 1008 937 Other and eliminations

Q1 17/18 Q2 17/18 Q3 17/18 Q4 17/18 Q1 18/19 Q2 18/19 Q3 18/19 Q4 18/19 Q1 19/20 Q2 19/20 Q3 19/20 Q4 19/20 Q1 20/21 293 308 303 317 293 285 302 335 314 315 301 334 261

Mobile Quarterly Service Revenue, €m

Mobile customer revenue

Q1 17/18 Q2 17/18 Q3 17/18 Q4 17/18 Q1 18/19 Q2 18/19 Q3 18/19 Q4 18/19 Q1 19/20 Q2 19/20 Q3 19/20 Q4 19/20 Q1 20/21 6044 6084 5978 5914 5770 5784 5779 5661 5655 5757 5715 5575 5241 Mobile incoming revenue

Q1 17/18 Q2 17/18 Q3 17/18 Q4 17/18 Q1 18/19 Q2 18/19 Q3 18/19 Q4 18/19 Q1 19/20 Q2 19/20 Q3 19/20 Q4 19/20 Q1 20/21 525 511 508 486 465 451 462 424 438 437 437 427 431 Other service revenue

Q1 17/18 Q2 17/18 Q3 17/18 Q4 17/18 Q1 18/19 Q2 18/19 Q3 18/19 Q4 18/19 Q1 19/20 Q2 19/20 Q3 19/20 Q4 19/20 Q1 20/21 471 549 479 503 474 508 452 475 458 520 480 479 383

2020 Revenue Segment

Mobile Service Fixed Service Others 26378 11493 7103

VOD Mobile ARPU

Mobile ARPU	Q1 07/08	Q2 07/08	Q3 07/08	Q4 07/08	Q1 08/09	Q2 08/09	Q3 08/09	Q4 08/09	Q1 09/10	Q2 09/10	Q3 09/10	Q4 09/10	Q1 10/11	Q2 10/11	Q3 10/11	Q4 10/11	Q1 11/12	Q2 11/12	Q3 11/12	Q4 11/12	Q1 12/13	Q2 12/13	Q3 12/13	Q4 12/13 Administrator: Accounting Change: 财务计算出现了一些变化	Q1 13/14	Q2 13/14	Q3 13/14	Q4 13/14	Q1 14/15	Q2 14/15	Q3 14/15	Q4 14/15	Q1 15/16	Q2 15/16	Q3 15/16	Q4 15/16	Q1 16/17	Q2 16/17	Q3 16/17	Q4 16/17	Q1 17/18	Q2 17/18	Q3 17/18	Q4 17/18	Q1 18/19	Q2 18/19	Q3 18/19	Q4 18/19	Q1 19/20	Q2 19/20	Q3 19/20	Q4 19/20	Q1 20/21
Europe
Germany (EUR)
Total	19.4	19.4	17.9	16.9	17.0	16.8	16.2	15.7	15.5	15.9	15.8	15.7	15.8	16.1	15.5	14.7	15.3	15.6	15.2	15.2	15.9	16.4	16.5	15.4	15.7	15.8	15.3	14.9	15.0	15.3	15.1	14.9	15.3	15.5	15.3	15.1	15.3	15.5	15.2	14.9	14.9	15.3	15.4	15.0	12.7	13.3	13.2	12.9	13.0	13.2	13.0	12.9	12.5
Contract	34.9	35.3	33.1	32.0	32.4	32.4	31.2	29.6	28.8	28.9	28.2	28.8	28.9	29.9	29.6	29.1	31.2	32.2	32.1	31.9	32.4	32.4	32.0	28.8	28.6	28.7	28.2	27.6	27.7	27.7	27.1	26.0	25.9	25.7	25.4	24.9	25.0	25.3	25.1	24.7	24.5	24.9	24.5	23.7	19.0	19.8	19.1	18.6	18.5	18.5	18.2	18.2	17.6
Prepaid	6.2	6.1	5.5	5.0	4.8	4.6	4.4	4.2	4.3	4.6	4.8	4.2	4.4	4.5	4.2	3.5	3.7	3.7	3.5	3.3	3.5	3.7	3.7	3.6	3.8	3.8	3.6	3.3	3.3	3.4	3.2	3.2	3.4	3.5	3.4	3.5	3.5	3.6	3.4	3.2	3.3	3.5	3.6	3.4	3.8	3.9	4.2	3.9	4.2	4.5	4.2	4.2	4.2
Italy (EUR)
Total	23.1	22.6	21.6	20.8	21.3	21.7	21.5	20.8	22.0	22.2	21.7	20.8	20.7	20.8	20.3	19.5	20.0	20.1	19.4	18.9	18.7	17.7	16.9	15.1	14.8	14.1	13.3	12.4	12.6	13.5	13.3	13.0	13.3	13.8	14.0	13.7	14.0	14.7	14.8	14.5	15.0	15.2	15.0	14.8	13.9	14.2	14.6	14.0	13.6	14.1	14.2	13.9	13.4
Contract	69.8	65.2	65.4	62.1	60.6	56.5	56.0	51.7	50.9	48.7	48.1	46.6	46.1	43.9	44.4	41.4	42.3	40.2	39.8	38.4	37.9	34.8	33.9	31.1	31.2	29.1	27.9	26.0	25.2	24.8	23.9	22.5	21.8	21.1	19.6	19.1	18.9	19.6	19.1	18.8	17.6	18.7	18.8	17.9	17.2	17.1	17.2	17.6	16.8	17.3	17.6	16.6	16.2
Prepaid	18.8	18.6	17.2	16.4	16.8	17.4	17.0	16.6	17.9	18.3	17.6	16.7	16.6	17.0	16.1	15.6	15.9	16.3	15.4	15.0	14.7	14.1	13.2	11.5	11.0	10.6	10.0	9.4	9.8	10.9	10.9	10.8	11.4	12.2	12.7	12.4	12.8	13.5	13.8	13.5	14.3	14.4	14.1	14.1	13.1	13.6	14.0	13.2	12.9	13.5	13.6	13.4	12.8
UK (GBP)
Total	22.9	23.9	22.5	21.6	22.0	22.0	21.5	20.8	20.8	20.6	20.4	20.1	20.6	21.2	21.7	21.2	20.8	21.5	21.4	21.2	20.4	20.6	20.3	18.5	18.2	18.3	17.8	17.4	17.6	17.9	17.8	17.4	18.8	18.8	18.8	18.6	18.5	18.9	18.5	18.2	18.2	18.5	17.9	17.5	13.9	14.6	14.3	14.0	14.1	14.0	13.7	13.4	13.2
Contract	43.5	45.8	42.2	41.2	41.2	40.5	39.2	37.9	38.4	37.6	37.0	36.6	36.7	36.6	37.1	36.4	35.0	35.6	35.2	34.6	33.0	32.8	32.0	28.8	28.2	28.3	27.5	26.6	26.7	27.3	27.4	26.7	26.6	26.4	26.1	25.9	25.4	25.7	25.0	24.7	24.6	24.6	23.9	23.4	18.1	18.6	18.4	18.0	18.1	18.0	17.8	17.5	16.9
Prepaid	8.9	9.0	9.0	8.4	8.6	8.8	8.5	8.2	7.6	7.5	7.3	6.8	6.7	7.1	6.9	6.2	5.9	6.3	6.2	5.8	5.4	5.4	5.2	4.7	4.4	4.3	4.2	4.0	3.9	3.8	3.6	3.4	4.0	4.3	4.6	4.1	4.1	4.5	4.3	4.0	4.0	4.6	4.0	3.8	3.9	4.4	4.2	3.9	4.0	4.4	3.9	3.8	3.8
Netherlands (EUR)1
Total	37.6	38.5	35.9	35.4	36.9	35.6	35.3	33.7	34.4	34.3	34.4	34.2	33.0	32.0	31.6	30.0	30.7	30.6	29.6	29.0	28.9	29.0	28.0	25.8	25.7	25.5	25.0	24.3	25.2	25.8	25.5	25.4	25.1	26.0	25.3	24.4	24.1	24.6	23.8	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Contract	59.7	59.6	55.8	55.0	57.3	55.1	54.4	51.4	51.9	51.4	51.4	51.0	48.6	46.6	46.1	43.6	44.4	43.9	42.4	41.2	41.0	40.7	39.2	35.6	35.2	34.8	33.7	32.5	33.3	33.6	33.0	32.7	32.1	33.2	32.1	30.5	30.5	30.8	29.7	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Prepaid	10.6	10.8	9.4	9.4	9.4	9.3	8.7	8.3	9.0	8.8	8.5	8.5	9.2	9.3	8.7	8.1	8.2	8.4	7.9	7.7	7.0	7.1	6.1	5.4	5.3	5.3	4.6	4.2	4.3	4.5	4.0	3.6	4.1	4.0	3.9	4.1	3.5	3.8	3.3	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Spain (EUR)
Total	36.1	36.4	34.1	32.6	32.6	33.3	30.3	28.0	28.3	29.3	27.3	25.8	26.5	36.9	24.5	23.2	23.1	23.5	21.6	20.3	20.1	21.2	21.1	19.7	20.2	19.3	19.2	18.7	18.0	18.0	17.7	16.9	16.9	17.3	16.6	16.0	16.6	16.8	16.4	16.0	16.6	16.9	16.3	16.0	16.0	15.6	15.4	14.8	14.8	14.6	14.5	14.9	14.6
Contract	52.0	51.7	48.0	45.4	45.4	45.9	41.7	39.0	39.9	41.1	38.0	36.2	36.5	37.3	34.5	32.6	32.8	33.4	31.1	29.9	29.7	30.8	30.1	27.2	27.1	25.8	25.5	24.6	23.4	23.1	22.0	20.9	20.1	20.5	19.6	18.8	19.4	19.6	19.1	18.6	19.1	19.5	18.7	18.4	18.1	17.5	17.4	16.7	16.5	16.2	16.2	16.7	16.3
Prepaid	16.4	16.5	15.5	14.9	14.4	14.6	13.2	11.5	11.2	11.7	10.6	9.3	9.8	9.9	8.5	8.4	7.2	7.3	6.3	5.5	5.2	5.6	5.4	5.3	5.6	5.4	5.0	4.9	5.0	5.4	5.1	5.0	5.8	6.3	5.9	5.7	6.1	6.5	6.1	6.1	6.6	6.6	6.3	5.8	6.2	6.4	6.0	5.5	6.4	6.6	6.3	6.0	5.5
Portugal (EUR)
Total	22.0	23.4	22.1	21.2	21.4	21.6	18.8	18.2	18.1	18.1	17.4	16.7	16.3	16.3	15.3	14.7	15.1	15.2	13.9	13.8	13.6	13.8	12.5	11.9	11.7	12.1	11.8	11.5	11.9	12.2	11.9	11.6	12.1	12.4	12.0	11.9	11.7	12.1	11.7	11.7	12.0	12.5	12.0	11.8	12.0	12.1	11.9	11.4	11.8	12.2	11.9	11.9	11.9
Contract	54.9	59.0	54.2	50.9	51.5	51.4	45.7	43.3	45.5	46.0	44.4	42.6	43.5	42.9	40.6	37.6	39.4	38.8	35.3	35.2	35.2	36.4	32.3	29.5	29.0	28.5	27.5	26.0	25.5	24.1	23.5	22.4	22.2	21.5	20.5	20.5	20.0	20.2	19.7	19.5	19.9	20.0	19.4	18.9	18.9	18.7	18.9	17.6	17.9	18.6	18.1	17.8	17.6
Prepaid	13.2	14.0	13.4	13.0	12.9	13.2	11.3	11.3	10.7	10.9	10.6	10.4	9.7	9.9	9.3	9.3	9.4	9.7	9.1	9.0	8.7	8.9	8.3	8.2	8.0	8.4	8.2	7.7	7.8	8.2	7.6	7.1	7.1	7.5	7.1	6.6	6.3	6.9	6.4	6.5	6.7	7.4	7.0	6.9	7.0	7.4	6.9	6.8	7.1	7.4	7.2	7.2	7.1
Greece (EUR)
Total	25.4	26.1	22.7	21.5	22.0	22.7	19.8	16.7	17.1	17.3	14.4	13.8	14.7	16.3	16.5	16.4	18.1	19.3	16.7	15.3	15.2	15.9	13.3	11.5	11.1	11.0	10.0	9.5	9.6	9.8	9.4	8.9	8.9	9.2	8.2	7.8	7.8	8.2	8.1	8.2	8.4	8.6	8.3	8.2	8.5	9.0	9.5	9.6	9.3	10.0	9.9	9.9	9.4
Contract	60.0	62.0	53.4	49.7	51.2	52.9	47.3	42.1	45.9	48.5	43.7	39.1	40.3	41.4	37.6	34.2	36.5	39.2	34.3	32.5	32.6	34.5	29.1	26.3	25.8	25.8	24.1	23.5	23.2	23.7	23.0	22.2	21.7	22.1	21.3	21.5	21.2	22.1	21.3	21.1	21.4	22.2	21.2	20.8	20.3	20.5	21.5	21.9	19.9	21.0	20.3	19.6	18.2
Prepaid	10.2	10.4	8.9	8.4	8.4	8.6	7.3	5.6	5.5	5.4	4.2	4.5	4.3	4.6	4.7	4.7	5.4	6.2	5.5	4.7	4.9	5.1	4.5	3.6	3.7	3.8	3.3	3.0	3.2	3.4	3.2	2.9	3.1	3.3	2.8	2.5	2.7	3.0	2.8	2.7	3.0	3.1	3.0	2.9	3.4	3.8	3.7	3.5	4.2	4.5	4.5	4.5	4.3
Romania (EUR)
Total	10.8	10.9	10.8	9.7	10.3	10.4	9.9	8.0	8.1	8.1	7.6	6.7	6.9	6.8	6.2	6.1	6.8	7.2	7.3	7.0	7.4	7.4	7.0	6.0	6.5	6.5	6.4	6.3	5.9	6.2	6.2	6.0	6.1	6.2	6.2	6.2	6.1	6.2	6.2	6.0	6.1	6.1	6.0	5.8	5.3	5.2	5.1	4.8	5.1	5.3	5.1	4.8	4.9
Contract	21.9	22.4	22.3	19.6	21.2	21.2	20.1	16.1	15.8	16.0	15.4	13.9	14.3	14.1	12.5	12.4	13.9	14.2	13.8	12.9	13.3	13.3	13.0	11.2	12.3	12.2	12.1	11.8	11.2	11.5	11.6	11.4	11.6	11.8	11.8	11.6	11.7	11.9	11.8	11.7	11.8	11.8	11.7	11.4	9.7	9.5	9.3	8.6	9.3	9.7	9.5	9.0	9.4
Prepaid	4.7	4.6	4.5	4.0	3.8	3.9	3.5	2.6	2.6	2.7	2.6	2.3	2.4	2.5	2.5	2.3	2.5	2.8	2.9	2.8	3.0	3.0	2.7	2.5	2.6	2.6	2.6	2.6	2.2	2.3	2.3	2.1	2.2	2.3	2.2	2.3	2.1	2.3	2.2	2.1	2.2	2.3	2.2	2.0	2.2	2.3	2.2	2.1	2.2	2.2	2.1	2.0	1.9
Africa, Middle East and Asia Pacific
Vodacom (ZAR)
Total	98.5	99.4	109.2	102.9	103.5	106.4	111.0	99.0	92	97	104	101	105	108	109	101	95	94	95	84	79	82	84	74	76	78	79	71	68	71	70	68	69	69	71	70	71	73	73	68	67	66	66	66	61.5	61.1	60.2	59.0	60.0	62.4	64.0	61.7	65.7
Contract	595.1	319.7	451.2	452.9	445.2	446.7	440.4	423.0	407	478	472	454	440	438	441	417	387	390	371	350	337	360	347	317	385	398	390	375	372	387	383	371	381	394	410	402	403	418	409	386	387	385	385	374	321.3	318.6	305.8	300.2	288.4	290.2	292.1	283.2	284.5
Prepaid	39.7	66.0	60.3	56.8	56.7	59.1	65.1	55.6	52	53	57	55	58	60	62	57	57	57	62	53	50	50	54	46	48	49	51	45	43	46	45	43	44	44	45	44	45	46	46	44	42	42	43	42	42.4	42.5	42.6	41.2	42.5	44.5	45.7	43.8	46.7
Turkey (TRY)
Total	15.7	16.3	14.6	13.2	13.6	14.2	11.6	11.1	13.7	15.3	14.4	14.9	16.1	18.6	17.8	18.3	19.9	21.4	19.8	19.2	20.9	22.3	21.8	20.8	22.1	21.3	21.1	21.1	22.1	22.6	22.6	22.9	24.2	25.9	25.8	25.8	26.7	28.1	28.1	28.1	29.3	30.8	30.5	30.9	31.5	33.6	34.4	33.7	36.1	38.9	38.5	39.1	40.5
Contract	29.2	29.8	28.7	27.4	27.3	28.6	26.1	24.8	30.3	31.5	32.3	32.8	35.6	38.7	36.9	35.5	37.0	38.4	37.6	35.8	37.2	38.3	37.5	36.6	37.6	36.2	36.1	36.7	37.4	37.6	37.2	37.5	38.7	40.9	41.2	41.0	41.8	43.0	43.2	43.2	44.3	45.5	45.0	44.7	44.3	46.6	47.7	45.7	48.5	52.3	51.8	51.5	53.2
Prepaid	14.1	14.7	12.9	11.4	11.8	12.3	9.8	9.1	11.1	12.8	11.4	11.7	12.0	13.4	12.1	12.1	13.3	14.5	12.0	11.5	12.7	14.0	13.4	12.2	13.4	12.9	12.4	11.9	12.6	13.2	13.0	12.7	13.7	14.7	14.2	13.9	14.4	15.5	15.0	14.7	15.6	16.8	16.2	16.4	17.5	18.7	18.2	18.2	19.4	20.5	19.5	20.1	20.5
Egypt (EGP)
Total	75.0	71.0	66.2	63.2	62.1	61.5	55.7	49.4	47.6	45.4	42.7	37.7	36.5	35.4	33.2	27.7	27.8	27.6	26.7	25.3	25.5	26.1	25.3	23.7	25.6	23.6	23.2	22.5	23.3	24.4	25.2	31.3	26.3	28.1	27.8	28.3	29.3	31.7	32.5	32.5	33.6	35.3	35.1	35.8	38.5	42.3	42.8	43.8	46.4	50.8	48.9	48.5	48.0
Contract	308.8	304.5	281.2	286.7	293.5	292.9	254.3	242.7	232.0	233.2	236.4	208.4	193.0	188.2	179.6	162.4	161.2	153.0	148.8	137.6	132.7	122.2	103.1	95.2	90.7	84.9	80.9	76.1	80.3	92.7	91.1	90.9	92.0	94.2	91.9	91.9	94.0	94.5	94.9	93.0	92.9	94.9	96.7	97.8	98.0	101.5	97.3	94.4	98.3	103.7	99.3	97.1	98.6
Prepaid	60.4	58.2	55.6	52.6	51.4	51.3	47.2	41.2	39.6	37.6	34.6	30.4	30.0	28.9	27.2	22.3	22.4	22.4	21.4	20.2	20.3	20.7	20.0	18.1	19.5	17.6	17.0	15.9	19.3	20.0	20.8	27.3	21.9	23.6	23.4	23.8	24.7	27.2	27.9	27.9	29.0	30.6	30.3	30.7	33.3	36.8	37.4	38.4	40.7	44.8	43.1	42.7	41.8
Memo
Netherlands VodafoneZiggo (EUR)
Total																																				–	–	–	–	22.4	21.8	20.9	20.8	20.3	16.6	17.4	17.2	15.8	15.4	15.4	15.3	21.7
Contract																																				–	–	–	–	27.3	26.2	24.8	24.5	23.8	19.0	19.8	19.8	18.0	17.3	17.1	16.9	24.1
Prepaid																																				–	–	–	–	3.2	3.6	3.8	3.3	3.1	3.5	3.5	2.9	2.8	3.4	3.7	3.3	3.0
India (INR)3
Total																																				177	176	171	158	142	141	132	114	105
Contract																																				612	627	619	593	554	537	506	454	433
Prepaid																																				144	141	134	122	109	109	102	87	81
1	Vodafone Netherlands was transferred into VodafoneZiggo joint venture on 31 December 2016.
2
3	On 31 August 2018, the Group completed the transaction to combine its subsidiary, Vodafone India, with Idea Cellular to form Vodafone Idea, with the combined company being jointly controlled by Vodafone and the Aditya Birla Group.

4G VS 5G Moible Price

			Best Value of Each Country Telecom Operators 4G Contract VS 5G Contract Price Outlook
			Brand		Up to 30-60 Mbps Speed, Average 23 - 35Mbps			Up to 500 Mbps Speed, Average 150 - 350Mbps			Comment
					4G Mobile Contract	Price in Local	Price in EUR	5G Mobile Contract	Price in Local	Price in EUR
			UK / Euro	Vodafone	15GB, Data, 100m Voice	£10.00	/	50GB Data, 1000m Voice	£20.00	/	Sales activities
				EE	8GB Data, 100m Voice	£10.00	/	50GB Data, Unlimited Voice	£20.00	/	Was 15GB, upgraded
				O2	6GB, Unlimited Voice	£10.00	/	100GB Dtata, Unlimited Voice	£20.00	/	/
				Orange	10GB, 500m Voice	/	€ 9.95	/	/	/	/
				BT	10GB, Unlimited Voice	£15.00	/	40GB Data, 100m Voice	£20.00	/	￡15 Sales activities with 10GB extra data, 12 or 18 month contract only, offers end 31 Aug, was ￡20/month. BT Halo customer get double data
				Free	10GB, Unlimited Voice	£13.99	/	/	/	/	/
			China	China Mobile	10GB, 100m Voice	￥40.00	€4.95	30GB Data, 100m Voice	￥139.00	€15.71	Biggest operator in China and have a more stable mobile network enviorment than other two operators, but more expensive than others. The contract also has a free 200M fibre broadband added
				China Unicom	10GB, 100m Voice	￥30.00	€3.71	40GB Data, 100m Voice	￥99.00	€12.17	get the 12 month contract until 31 Dec. 2020 after that 129 CNY with a free 200M fibre broadband added
				China Telecom	10GB, 100m Voice	￥39.00	€3.71	40GB Data, 800m Voice	￥169.00	€12.17	with a free 300M fibre broadband added, without broadband 30GB Data, 129CNY
			US	AT&T	8GB Data, Unlimited Voice	$25.00	/	Unlimited Data and Voice	$75.00	/	After 22GB, AT&T may temporarily slow data speeds if the network is busy.
				Verizon	5GB Data, Unlimited Voice	$25.00	/	30GB Data, Unlimited Voice	$50.00	/	Including TV, Music, Cloud
				T-Mobile	5GB Data, Unlimited Voice	$25.00	/	/	/	/
			South Korea	SK Telecom	4GB Data, 300m Voice	₩50000	€35.39	Unlimited Data, 150m Voice	₩79000	€56.12	Biggest operator in Korea, a 25% discount of 12 or 24 months users. Speed restricted to 5Mbps after exceeding limit
				Korea Telecom	3GB Data, 300m Voice	₩49000	€34.69	Unlimited Data, 150m Voice	₩80000	€56.83	Speed restricted to 5Mbps after exceeding limit
				LG UPlus	3GB Data, 300m Voice	₩49000	€34.69	11GB/Month+2GB/Day	₩65890	€46.81	Different levele of contract including A,B,C,D from Included data + dedicated data for U+Mobile tv = 11GB/month+2GB/day. After that, up to 3Mbps
			Sources: Official Websites, DONG SUN Intergration
Vodafone
Vodafone Price Website								O2
								O2 Price Website
Orange
Orange Price Website
								BT
								BT Price Website
AT&T
AT&T Price Website
								EE
								EE Price Website

https://www.vodafone.co.uk/mobile/best-sim-only-deals/pay-as-you-go-sim?icmp=uk~1_consumer~topnav~1_shop~2_sim_only~2_pay_as_you_go_sim&linkpos=topnav~1~1~2~2 https://www.o2.co.uk/shop/sim-cards/pay-as-you-go https://en.orange.es/?internal_source=orange&internal_medium=home&internal_term=pie+enlaces+rapidos+english+site&internal_campaign=movil&_ga=2.70910998.762147116.1598281771-2076081035.1598281771 https://www.bt.com/mobile/sim-only-deals https://www.att.com/buy/wireless/prepaid/plandetails https://shop.ee.co.uk/sim-only/pay-as-you-go-phones

Peers' Info

Company Name	Market Capitalization in 2020 ($ Billion)
Telecom Egypt	11
Telekom Malaysia	39
LG Uplus	48
Korea Telecom	54
MTN Group	59
Du	64
Telecom Italia	80
Cecom AXIATA	82
Zayo	83
Maxis Malaysia	98
Century Link	111
Libery Global	133
Telia	140
BT	145
SK Telecom	149
Telefonica	206
Rogers (Canada)	213
Telekom Indonesia	224
Telus (Canada)	225
China Unicom	227
Telstra	249
Singtel	292
China Telecom	300
Orange	326
Etisalat	373
BCE (Bell Canada)	382
Bharti Airtel	400
Vodafone	446
America Movil	448
Saudi Telecom	540
Reliance Jio	650
KDDI	678
Deutsche Telecom	761
NTT	887
Softbank	974
T-Mobile	1232
China Mobile	1625
Comcast	1834
AT&T	1970
Verizon	2308
Company Name	Revenues in 2020 ($ Billion)
Telecom Egypt	16
Zayo	26
Maxis Malaysia	27
Telekom Malaysia	27
Du	34
Cecom AXIATA	58
Reliance Jio	71
MTN Group	88
Telia	92
Telekom Indonesia	95
LG Uplus	103
Telus (Canada)	108
Rogers (Canada)	112
Bharti Airtel	115
Libery Global	115
Singtel	117
Etisalat	141
Saudi Telecom	146
SK Telecom	146
BCE (Bell Canada)	177
Telstra	181
Korea Telecom	200
Telecom Italia	200
Century Link	224
BT	282
Softbank	348
China Unicom	430
Orange	450
T-Mobile	450
KDDI	484
America Movil	540
Telefonica	542
Vodafone	553
China Telecom	557
Deutsche Telecom	884
China Mobile	1080
Comcast	1089
NTT	1105
Verizon	1319
AT&T	1812
Total	14544
Company Name	PE (2020.08)
Telecom Egypt	3.46
Zayo	47.22
Maxis Malaysia	27.54
Telekom Malaysia	25.22
Du	13.52
Cecom AXIATA	24.59
Reliance Jio	89.34
MTN Group	9.55
Telia	17.5
Telekom Indonesia	17.31
LG Uplus	12.38
Telus (Canada)	17.24
Rogers (Canada)	14.18
Bharti Airtel	-9.28
Libery Global	-8.96
Singtel	38.28
Etisalat	15.91
Saudi Telecom	18.75
SK Telecom	20.42
BCE (Bell Canada)	16.59
Telstra	18.17
Korea Telecom	10.45
Telecom Italia	17.9
Century Link	-2.11
BT	5.06
Softbank	23.35
China Unicom	12.87
Orange	10.32
T-Mobile	35.83
KDDI	8.56
America Movil	16.33
Telefonica	17.13
Vodafone	20.89
China Telecom	10.13
Deutsche Telecom	18.55
China Mobile	10.5
Comcast	14.05
NTT	11.16
Verizon	12
AT&T	14.19
Industry Average PE	17.40225
Company Name	Customers Amount (million)
Telecom Egypt
Zayo
Maxis Malaysia	11
Telekom Malaysia
Du
Cecom AXIATA
Reliance Jio
MTN Group
Telia
Telekom Indonesia
LG Uplus
Telus (Canada)
Rogers (Canada)
Bharti Airtel
Libery Global
Singtel	70
Etisalat	11
Saudi Telecom	42
SK Telecom	28
BCE (Bell Canada)	10
Telstra	183
Korea Telecom
Telecom Italia
Century Link
BT
Softbank	36
China Unicom	250
Orange	40
T-Mobile	86
KDDI	58
America Movil	279
Telefonica	272
Vodafone	625
China Telecom	336
Deutsche Telecom	184
China Mobile	946
Comcast
NTT	80
Verizon	176
AT&T	165

Global Telecom Operators Market Capialization

Telecom Egypt

Market Capitalization in 2020 ($ Billion) 11 Telekom Malaysia

Market Capitalization in 2020 ($ Billion) 39 LG Uplus

Market Capitalization in 2020 ($ Billion) 48 Korea Telecom

Market Capitalization in 2020 ($ Billion) 54 MTN Group

Market Capitalization in 2020 ($ Billion) 59 Du

Market Capitalization in 2020 ($ Billion) 64 Telecom Italia

Market Capitalization in 2020 ($ Billion) 80 Cecom AXIATA

Market Capitalization in 2020 ($ Billion) 82 Zayo

Market Capitalization in 2020 ($ Billion) 83 Maxis Malaysia

Market Capitalization in 2020 ($ Billion) 98 Century Link

Market Capitalization in 2020 ($ Billion) 111 Libery Global

Market Capitalization in 2020 ($ Billion) 133 Telia

Market Capitalization in 2020 ($ Billion) 140 BT

Market Capitalization in 2020 ($ Billion) 145 SK Telecom

Market Capitalization in 2020 ($ Billion) 149 Telefonica

Market Capitalization in 2020 ($ Billion) 206 Rogers (Canada)

Market Capitalization in 2020 ($ Billion) 213 Telekom Indonesia

Market Capitalization in 2020 ($ Billion) 224 Telus (Canada)

Market Capitalization in 2020 ($ Billion) 225 China Unicom

Market Capitalization in 2020 ($ Billion) 227 Telstra

Market Capitalization in 2020 ($ Billion) 249 Singtel

Market Capitalization in 2020 ($ Billion) 292 China Telecom

Market Capitalization in 2020 ($ Billion) 300 Orange

Market Capitalization in 2020 ($ Billion) 326 Etisalat

Market Capitalization in 2020 ($ Billion) 373 BCE (Bell Canada)

Market Capitalization in 2020 ($ Billion) 382 Bharti Airtel

Market Capitalization in 2020 ($ Billion) 400 Vodafone

Market Capitalization in 2020 ($ Billion) 446 America Movil

Market Capitalization in 2020 ($ Billion) 448 Saudi Telecom

Market Capitalization in 2020 ($ Billion) 540 Reliance Jio

Market Capitalization in 2020 ($ Billion) 650 KDDI

Market Capitalization in 2020 ($ Billion) 678 Deutsche Telecom

Market Capitalization in 2020 ($ Billion) 761 NTT

Market Capitalization in 2020 ($ Billion) 887 Softbank

Market Capitalization in 2020 ($ Billion) 974 T-Mobile

Market Capitalization in 2020 ($ Billion) 1232 China Mobile

Market Capitalization in 2020 ($ Billion) 1625 Comcast

Market Capitalization in 2020 ($ Billion) 1834 AT & T

Market Capitalization in 2020 ($ Billion) 1970 Verizon

Market Capitalization in 2020 ($ Billion) 2308

Source: Bloomberg, DONG SUN Integration

Global Telecom Operators Revenues btw 2019 to 2020

Telecom Egypt

Revenues in 2020 ($ Billion) 16 Zayo

Revenues in 2020 ($ Billion) 26 Maxis Malaysia

Revenues in 2020 ($ Billion) 27 Telekom Malaysia

Revenues in 2020 ($ Billion) 27 Du

Revenues in 2020 ($ Billion) 34 Cecom AXIATA

Revenues in 2020 ($ Billion) 58 Reliance Jio

Revenues in 2020 ($ Billion) 71 MTN Group

Revenues in 2020 ($ Billion) 88 Telia

Revenues in 2020 ($ Billion) 92 Telekom Indonesia

Revenues in 2020 ($ Billion) 95 LG Uplus

Revenues in 2020 ($ Billion) 103 Telus (Canada)

Revenues in 2020 ($ Billion) 108 Rogers (Canada)

Revenues in 2020 ($ Billion) 112 Bharti Airtel

Revenues in 2020 ($ Billion) 115 Libery Global

Revenues in 2020 ($ Billion) 115 Singtel

Revenues in 2020 ($ Billion) 117 Etisalat

Revenues in 2020 ($ Billion) 141 Saudi Telecom

Revenues in 2020 ($ Billion) 146 SK Telecom

Revenues in 2020 ($ Billion) 146 BCE (Bell Canada)

Revenues in 2020 ($ Billion) 177 Telstra

Revenues in 2020 ($ Billion) 181 Korea Telecom

Revenues in 2020 ($ Billion) 200 Telecom Italia

Revenues in 2020 ($ Billion) 200 Century Link

Revenues in 2020 ($ Billion) 224 BT

Revenues in 2020 ($ Billion) 282 Softbank

Revenues in 2020 ($ Billion) 348 China Unicom

Revenues in 2020 ($ Billion) 430 Orange

Revenues in 2020 ($ Billion) 450 T-Mobile

Revenues in 2020 ($ Billion) 450 KDDI

Revenues in 2020 ($ Billion) 484 America Movil

Revenues in 2020 ($ Billion) 540 Telefonica

Revenues in 2020 ($ Billion) 542 Vodafone

Revenues in 2020 ($ Billion) 553 China Telecom

Revenues in 2020 ($ Billion) 557 Deutsche Telecom

Revenues in 2020 ($ Billion) 884 China Mobile

Revenues in 2020 ($ Billion) 1080 Comcast

Revenues in 2020 ($ Billion) 1089 NTT

Revenues in 2020 ($ Billion) 1105 Verizon

Revenues in 2020 ($ Billion) 1319 AT & T

Revenues in 2020 ($ Billion) 1812

Source: Bloomberg, DONG SUN Integration

PE (2020.08) Telecom Egypt Zayo Maxis Malaysia Telekom Malaysia Du Cecom AXIATA Reliance Jio MTN Group Telia Telekom Indonesia LG Uplus Telus (Canada) Rogers (Canada) Bharti Airtel Libery Global Singtel Etisalat Saudi Telecom SK Telecom BCE (Bell Canada) Telstra Korea Telecom Telecom Italia Century Link BT Softbank China Unicom Orange T-Mobile KDDI America Movil Telefonica Vodafone China Telecom Deutsche Telecom China Mobile Comcast NTT Verizon AT & T Industry Average PE 3.46 47.22 27.54 25.22 13.52 24.59 89.34 9.5500000000000007 17.5 17.309999999999999 12.38 17.239999999999998 14.18 -9.2799999999999994 -8.9600000000000009 38.28 15.91 18.75 20.420000000000002 16.59 18.170000000000002 10.45 17.899999999999999 -2.11 5.0599999999999996 23.35 12.87 10.32 35.83 8.56 16.329999999999998 17.13 20.89 10.130000000000001 18.55 10.5 14.05 11.16 12 14.19 17.402249999999999

IS_

Non-GAAP Income Statement For Vodafone, EUR in Millions
							Historical Data for the years ended 31 March
							FY 2013	FY 2014	FY 2015	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020
Revenue							46,710.00	45,468.00	53,826.00	49,810.00	47,631.00	46,571.00	43,666.00	44,974.00
	- Cost of Revenue						32,621.00	33,132.00	39,365.00	36,713.00	34,576.00	32,771.00	30,160.00	30,682.00
Gross Profit							14,089.00	12,336.00	14,461.00	13,097.00	13,055.00	13,800.00	13,506.00	14,292.00
	+ Other Operating Income						- 0	- 0	- 0	- 0	- 0	- 0	- 0	4,281.00
	- Operating Expenses						8,122.00	8,939.00	11,601.00	11,581.00	10,912.00	9,915.00	9,235.00	8,504.00
		+ Selling, General & Admin					8,619.00	8,629.00	11,728.00	10,982.00	10,429.00	9,655.00	9,301.00	9,624.00
			+ Selling & Marketing				3,512.00	3,596.00	4,404.00	4,603.00	4,349.00	4,011.00	3,891.00	3,814.00
			+ General & Administrative				5,107.00	5,033.00	7,324.00	6,379.00	6,080.00	5,644.00	5,410.00	5,810.00
		+ Research & Development					377.00	254.00	- 0	- 0	- 0	- 0	- 0	- 0
		+ Other Operating Expense					-873.00	56.00	-127.00	599.00	483.00	260.00	-66.00	-1,120.00
Operating Income (Loss)							5,967.00	3,397.00	2,860.00	1,516.00	2,143.00	3,885.00	4,271.00	10,069.00
	- Non-Operating (Income) Loss						830.00	1,323.00	1,758.00	1,141.00	1,085.00	157.00	2,095.00	4,678.00
		+ Interest Expense, Net					1,469.00	1,355.00	1,342.00	681.00	1,236.00	863.00	1,903.00	2,223.00
			+ Interest Expense				1,621.00	1,573.00	1,755.00	1,210.00	1,662.00	1,202.00	1,903.00	2,806.00
			- Interest Income				152.00	218.00	413.00	529.00	426.00	339.00	- 0	583.00
		+ Other Investment (Inc) Loss					2.00	12.00	- 0	-1.00	- 0	- 0	- 0	- 0
		+ Foreign Exch (Gain) Loss					26.00	19.00	10.00	-24.00	133.00	-65.00	1.00	181.00
		+ (Income) Loss from Affiliates					-706.00	-330.00	80.00	-60.00	-47.00	59.00	908.00	2,505.00
		+ Other Non-Op (Income) Loss					39.00	267.00	326.00	545.00	-237.00	-700.00	-717.00	-231.00
Pretax Income (Loss), Adjusted							5,137.00	2,074.00	1,102.00	375.00	1,058.00	3,728.00	2,176.00	5,391.00
	- Abnormal Losses (Gains)						9,414.00	8,323.00	-295.00	565.00	-1,734.00	-150.00	4,789.00	4,596.00
		+ Merger / Acquisition Expense					- 0	- 0	- 0	- 0	-1,275.00	- 0	- 0	- 0
		+ Abnormal Derivatives					- 0	- 0	- 0	285.00	-66.00	-161.00	423.00	1,128.00
		+ Disposal of Assets					95.00	101.00	62.00	27.00	22.00	36.00	33.00	51.00
		+ Impairment of Goodwill					9,455.00	7,826.00	- 0	569.00	- 0	- 0	3,525.00	1,685.00
		+ Sale of Business					-581.00	- 0	- 0	- 0	- 0	- 0	- 0	-1,248.00
		+ Restructuring Charges					382.00	421.00	200.00	-316.00	-415.00	156.00	486.00	720.00
		+ Other Abnormal Items					63.00	-25.00	-557.00	- 0	- 0	-181.00	322.00	2,260.00
Pretax Income (Loss), GAAP							-4,277.00	-6,249.00	1,397.00	-190.00	2,792.00	3,878.00	-2,613.00	795.00
	- Income Tax Expense (Benefit), GAAP						585.00	-19,662.00	-6,074.00	4,937.00	4,764.00	-879.00	1,496.00	1,250.00
		+ Current Income Tax (Benefit), GAAP					1,028.00	3,683.00	902.00	757.00	950.00	1,018.00	1,062.00	1,016.00
		+ Deferred Income Tax (Benefit), GAAP					-443.00	-23,345.00	-6,976.00	4,180.00	3,814.00	-1,897.00	434.00	234.00
Income (Loss) from Cont Ops, GAAP							-4,862.00	13,413.00	7,471.00	-5,127.00	-1,972.00	4,757.00	-4,109.00	-455.00
	- Net Extraordinary Losses (Gains), GAAP						-5,668.00	-57,043.00	-73.00	-5.00	4,107.00	1,969.00	3,535.00	- 0
		+ Discontinued Operations, GAAP					-5,668.00	-57,043.00	-73.00	-5.00	4,107.00	1,969.00	3,535.00	- 0
		+ XO & Accounting Changes, GAAP					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
Income (Loss) Incl. MI, GAAP							806.00	70,456.00	7,544.00	-5,122.00	-6,079.00	2,788.00	-7,644.00	-455.00
	- Minority Interest, GAAP						300.00	197.00	199.00	283.00	218.00	349.00	376.00	465.00
Net Income, GAAP							506.00	70,259.00	7,345.00	-5,405.00	-6,297.00	2,439.00	-8,020.00	-920.00
	- Preferred Dividends, GAAP						- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
	- Other Adjustments, GAAP						- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
Net Income Avail to Common, GAAP							506.00	70,259.00	7,345.00	-5,405.00	-6,297.00	2,439.00	-8,020.00	-920.00
Net Income Avail to Common, Adj							4,262.00	1,139.00	68.00	-519.00	-2,303.00	2,849.00	1,169.00	3,590.00
	Net Abnormal Losses (Gains)						9,423.00	-12,077.00	-7,203.00	4,891.00	-113.00	-1,559.00	5,654.00	4,510.00
	Net Extraordinary Losses (Gains)						-5,668.00	-57,043.00	-73.00	-5.00	4,107.00	1,969.00	3,535.00	- 0
Basic Weighted Avg Shares							26,831.00	26,472.00	26,489.00	26,692.00	27,971.00	27,770.00	27,607.00	29,422.00
Basic EPS, GAAP							0.02	2.65	0.28	-0.20	-0.23	0.09	-0.29	-0.03
Basic EPS from Cont Ops							0.02	2.65	0.28	-0.20	-0.23	0.09	-0.29	-0.03
Basic EPS from Cont Ops, Adjusted							0.16	0.04	0.00	-0.02	-0.08	0.10	0.04	0.12
Diluted Weighted Avg Shares							26,831.00	26,682.00	26,629.00	26,692.00	27,971.00	27,857.00	27,607.00	29,422.00
Diluted EPS, GAAP							0.02	2.63	0.28	-0.20	-0.23	0.09	-0.29	-0.03
Diluted EPS from Cont Ops							0.02	2.63	0.28	-0.20	-0.23	0.09	-0.29	-0.03
Diluted EPS from Cont Ops, Adjusted							0.16	0.04	0.00	-0.02	-0.08	0.10	0.04	0.12
Support Items
EBITDA							14,145.00	12,361.00	15,053.00	13,213.00	13,229.00	14,294.00	14,066.00	24,243.00
EBITDA Margin (T12M)							30.00	27.00	27.97%	26.53%	27.77%	30.69%	32.21%	53.90%
EBITA							9,679.00	7,573.00	8,621.00	6,835.00	6,964.00	8,284.00	8,212.00	14,528.00
EBIT							5,967.00	3,397.00	2,860.00	1,516.00	2,143.00	3,885.00	4,271.00	10,069.00
Gross Margin %							30.16%	27.13%	26.87%	26.29%	27.41%	29.63%	30.93%	31.78%
Operating Margin %							13.00	7.00	5.31%	3.04%	4.50%	8.34%	9.78%	22.39%
Profit Margin %							9.00	3.00	- 0	-1.00	-5.00	6.00	3.00	8.00
Revenue Per Employee							511,764.00	510,038.00	511,169.00	445,990.00	426,969.00	438,790.00	441,089.00	472,322.00
Dividends per Share							- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
Total Cash Common Dividends							6,121.00	4,371.00	3,792.00	3,041.00	3,932.00	4,020.00	2,405.00	2,410.00
Capitalized Interest Expense									181.00	- 0	- 0	- 0	- 0	- 0
Personnel Expense							4,445.00	4,595.00	5,346.00	5,804.00	5,519.00	5,295.00	5,267.00	5,462.00
Depreciation Expense							4,466.00	4,788.00	6,432.00	6,378.00	6,265.00	6,010.00	5,854.00	9,715.00
Amortization									5,761.00	5,319.00	4,821.00	4,399.00	3,941.00	4,459.00
Rental Expense							2,214.00	2,553.00	2,936.00	2,464.00	3,976.00	3,788.00	3,826.00	- 0

BS_

Income Statement For Vodafone, EUR in Millions
							Historical Data for the years ended 31 March
							FY 2013	FY 2014	FY 2015	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020
Total Assets
	+ Cash, Cash Equivalents & STI						15,269.00	17,627.00	14,856.00	18,259.00	14,955.00	13,469.00	26,649.00	20,373.00
		+ Cash & Cash Equivalents					8,927.00	12,275.00	9,522.00	12,922.00	8,835.00	4,674.00	13,637.00	13,284.00
		+ ST Investments					6,342.00	5,352.00	5,334.00	5,337.00	6,120.00	8,795.00	13,012.00	7,089.00
	+ Accounts & Notes Receiv						4,217.00	4,475.00	5,641.00	5,785.00	5,298.00	5,491.00	4,476.00	4,068.00
		+ Accounts Receivable, Net					4,217.00	4,475.00	5,641.00	5,785.00	5,298.00	5,491.00	4,476.00	4,068.00
		+ Notes Receivable, Net					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
	+ Unbilled Revenues						- 0	- 0	- 0	- 0	- 0	- 0	- 0	2,980.00
	+ Inventories						418.00	534.00	667.00	716.00	576.00	581.00	714.00	585.00
		+ Raw Materials					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		+ Work In Process					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		+ Finished Goods					418.00	534.00	667.00	716.00	576.00	581.00	714.00	585.00
		+ Other Inventory					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
	+ Other ST Assets						5,757.00	7,307.00	6,297.00	10,835.00	21,908.00	18,410.00	7,747.00	6,245.00
		+ Prepaid Expenses					4,106.00	4,554.00	3,842.00	3,540.00	3,035.00	3,409.00	4,898.00	859.00
		+ Derivative & Hedging Assets					104.00	240.00	372.00	1,029.00	610.00	180.00	195.00	752.00
		+ Assets Held-for-Sale					- 0	41.00	- 0	3,657.00	17,195.00	13,820.00	-231.00	1,607.00
		+ Income Taxes Receivable					471.00	979.00	796.00	1,402.00	150.00	106.00	264.00	275.00
		+ Misc ST Assets					1,076.00	1,493.00	1,287.00	1,207.00	918.00	895.00	2,621.00	2,752.00
Total Current Assets							25,661.00	29,943.00	27,461.00	35,595.00	42,737.00	37,951.00	39,586.00	34,251.00
	+ Property, Plant & Equip, Net						20,843.00	27,677.00	36,808.00	35,515.00	30,204.00	28,325.00	27,432.00	27,509.00
		+ Property, Plant & Equip					52,210.00	60,814.00	76,234.00	76,879.00	70,470.00	70,757.00	73,649.00	72,223.00
		- Accumulated Depreciation					31,367.00	33,137.00	39,426.00	41,364.00	40,266.00	42,432.00	46,217.00	44,714.00
	+ LT Investments & Receivables						963.00	4,584.00	5,596.00	5,102.00	3,821.00	3,639.00	1,067.00	860.00
		+ LT Investments					916.00	4,303.00	5,198.00	4,631.00	3,459.00	3,204.00	870.00	792.00
		+ LT Receivables					47.00	281.00	398.00	471.00	362.00	435.00	197.00	68.00
	+ Other LT Assets						116,494.00	85,369.00	99,725.00	92,895.00	77,922.00	75,696.00	74,777.00	105,548.00
		+ Total Intangible Assets					52,320.00	56,550.00	60,172.00	58,564.00	46,220.00	43,257.00	41,005.00	53,523.00
			+ Goodwill				28,911.00	28,240.00	31,182.00	28,238.00	26,808.00	26,734.00	23,353.00	31,271.00
			+ Other Intangible Assets				23,409.00	28,310.00	28,990.00	30,326.00	19,412.00	16,523.00	17,652.00	22,252.00
		+ Prepaid Expense					591.00	717.00	783.00	163.00	378.00	597.00	371.00	212.00
		+ Deferred Tax Assets					3,376.00	24,960.00	32,991.00	28,306.00	24,300.00	26,200.00	24,753.00	23,606.00
		+ Derivative & Hedging Assets					3,490.00	2,719.00	5,169.00	4,414.00	3,672.00	2,449.00	3,439.00	8,424.00
		+ Prepaid Pension Costs					62.00	42.00	234.00	224.00	57.00	110.00	94.00	590.00
		+ Investments in Affiliates					55,056.00	138.00	-4.00	479.00	3,138.00	2,538.00	3,952.00	5,831.00
		+ Misc LT Assets					1,599.00	243.00	380.00	745.00	157.00	545.00	1,163.00	13,362.00
Total Noncurrent Assets							138,300.00	117,630.00	142,129.00	133,512.00	111,947.00	107,660.00	103,276.00	133,917.00
Total Assets							163,961.00	147,573.00	169,590.00	169,107.00	154,684.00	145,611.00	142,862.00	168,168.00
Liabilities & Shareholders' Equity
	+ Payables & Accruals						16,373.00	18,636.00	19,030.00	18,062.00	15,051.00	14,855.00	15,911.00	15,124.00
		+ Accounts Payable					4,482.00	5,705.00	6,993.00	7,420.00	6,212.00	6,185.00	6,541.00	6,599.00
		+ Accrued Taxes					1,255.00	1,268.00	2,251.00	1,998.00	1,922.00	1,718.00	1,814.00	1,775.00
		+ Other Payables & Accruals					10,636.00	11,663.00	9,786.00	8,644.00	6,917.00	6,952.00	7,556.00	6,750.00
	+ ST Debt						13,987.00	9,383.00	17,465.00	14,786.00	7,419.00	7,348.00	4,270.00	11,826.00
		+ ST Borrowings					13,943.00	9,358.00	17,446.00	14,771.00	7,351.00	7,302.00	4,224.00	11,482.00
		+ ST Capital Leases					44.00	25.00	19.00	15.00	68.00	46.00	46.00	344.00
	+ Other ST Liabilities						3,267.00	2,309.00	3,487.00	9,387.00	19,919.00	16,821.00	5,342.00	6,557.00
		+ Deferred Revenue					- 0	- 0	2,301.00	1,967.00	1,716.00	1,678.00	1,818.00	1,991.00
		+ Derivatives & Hedging					141.00	85.00	125.00	550.00	728.00	250.00	520.00	590.00
		+ Misc ST Liabilities					3,126.00	2,224.00	1,061.00	6,870.00	17,475.00	14,893.00	3,004.00	3,976.00
Total Current Liabilities							33,627.00	30,328.00	39,982.00	42,235.00	42,389.00	39,024.00	25,523.00	33,507.00
	+ LT Debt						33,076.00	25,986.00	31,041.00	36,792.00	34,218.00	32,630.00	48,685.00	62,892.00
		+ LT Borrowings					32,963.00	25,861.00	30,868.00	36,591.00	33,980.00	32,364.00	48,429.00	59,243.00
		+ LT Capital Leases					113.00	125.00	173.00	201.00	238.00	266.00	256.00	3,649.00
	+ Other LT Liabilities						11,336.00	4,318.00	4,853.00	4,944.00	4,358.00	5,350.00	5,209.00	9,144.00
		+ Accrued Liabilities					261.00	552.00	223.00	183.00	154.00	159.00	113.00	60.00
		+ Pension Liabilities					688.00	707.00	784.00	565.00	651.00	520.00	551.00	438.00
		+ Deferred Revenue					- 0	- 0	170.00	165.00	204.00	237.00	574.00	612.00
		+ Deferred Tax Liabilities					7,907.00	905.00	823.00	564.00	535.00	644.00	478.00	2,043.00
		+ Derivatives & Hedging					1,164.00	982.00	1,237.00	1,428.00	1,349.00	2,133.00	1,924.00	4,177.00
		+ Misc LT Liabilities					1,316.00	1,172.00	1,616.00	2,039.00	1,465.00	1,657.00	1,569.00	1,814.00
Total Noncurrent Liabilities							44,412.00	30,304.00	35,894.00	41,736.00	38,576.00	37,980.00	53,894.00	72,036.00
Total Liabilities							78,039.00	60,632.00	75,876.00	83,971.00	80,965.00	77,004.00	79,417.00	105,543.00
	+ Preferred Equity						- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
	+ Share Capital & APIC						187,458.00	146,274.00	167,200.00	156,490.00	156,604.00	154,993.00	157,299.00	157,426.00
		+ Common Stock					4,583.00	4,593.00	5,247.00	4,796.00	4,796.00	4,796.00	4,796.00	4,797.00
		+ Additional Paid in Capital					182,875.00	141,681.00	161,953.00	151,694.00	151,808.00	150,197.00	152,503.00	152,629.00
	- Treasury Stock						10,703.00	8,705.00	9,747.00	8,777.00	8,610.00	8,463.00	7,875.00	7,802.00
	+ Retained Earnings						-105,299.00	-62,291.00	-68,447.00	-95,683.00	-105,851.00	-106,695.00	-116,725.00	-120,349.00
	+ Other Equity						13,270.00	10,480.00	2,511.00	31,295.00	30,057.00	27,805.00	29,519.00	32,135.00
Equity Before Minority Interest							84,726.00	85,758.00	91,517.00	83,325.00	72,200.00	67,640.00	62,218.00	61,410.00
+ Minority Interest							1,198.00	1,186.00	2,197.00	1,811.00	1,519.00	967.00	1,227.00	1,215.00
Total Equity							85,924.00	86,944.00	93,714.00	85,136.00	73,719.00	68,607.00	63,445.00	62,625.00
Total Liabilities & Equity							163,963.00	147,576.00	169,590.00	169,107.00	154,684.00	145,611.00	142,862.00	168,168.00
Check Balance							-2.00	-3.00	- 0	- 0	- 0	- 0	- 0	- 0
Support Items
Shares Outstanding							26,683.00	26,440.00	26,512.00	26,559.00	26,622.00	26,676.00	27,230.00	26,772.00
Number of Treasury Shares							2,674.00	2,372.00	2,301.00	2,255.00	2,192.00	2,139.00	1,585.00	2,044.00
Pension Obligations							688.00	707.00	784.00	565.00	651.00	520.00	551.00	438.00
Future Minimum Operating Lease Obligations							7,234.00	6,943.00	9,104.00	9,943.00	9,429.00	9,694.00	10,816.00	10,816.00
Capital Leases - Total							156.00	150.00	192.00	216.00	306.00	312.00	302.00	3,993.00
Number Of Shareholders							533,740.00	513,672.00	504,299.00	406,585.00	367,910.00	364,171.00	360,637.00	356,481.00
Options Granted During Period							-	-	- 0	7.00	31.00	11.00	33.00	39.00
Options Outstanding at Period End									- 0	24.00	41.00	40.00	46.00	53.00
Net Debt							31,795.00	17,742.00	33,650.00	33,319.00	26,682.00	26,509.00	26,306.00	54,345.00
Net Debt to Equity							37.00	20.00	36.00	39.00	36.00	39.00	41.00	87.00
Tangible Common Equity Ratio							29.00	32.00	29.00	22.00	24.00	24.00	21.00	7.00
Current Ratio							1.00	1.00	1.00	1.00	1.00	1.00	2.00	1.00
Cash Conversion Cycle							-16.00	-16.00	-19.00	-23.00	-23.00	-20.00	-27.00	-36.00
Number of Employees							91,272.00	89,146.00	105,300.00	111,684.00	111,556.00	106,135.00	98,996.00	95,219.00

CF_

Cash Flow For Vodafone, EUR in Millions
							Historical Data for the years ended 31 March
							FY 2013	FY 2014	FY 2015	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020
Cash from Operating Activities
	+ Net Income						507.00	70,259.00	7,345.00	-5,405.00	-6,297.00	2,439.00	-8,020.00	-920.00
	+ Depreciation & Amortization						8,179.00	8,964.00	12,193.00	11,697.00	11,086.00	10,409.00	9,795.00	14,174.00
	+ Non-Cash Items						7,428.00	-69,218.00	-6,175.00	6,004.00	7,882.00	628.00	10,522.00	2,699.00
		+ Stock-Based Compensation					152.00	109.00	112.00	154.00	95.00	128.00	147.00	146.00
		+ Other Non-Cash Adj					7,276.00	-69,327.00	-6,287.00	5,850.00	7,787.00	500.00	10,375.00	2,553.00
	+ Chg in Working Capital						217.00	1,637.00	-1,847.00	-496.00	-48.00	-858.00	577.00	-70.00
		+ (Inc) Dec in Inventories					69.00	5.00	-93.00	-144.00	117.00	-26.00	-131.00	68.00
		+ Inc (Dec) in Other					149.00	1,633.00	-1,754.00	-352.00	-165.00	-832.00	708.00	-138.00
	+ Net Cash From Disc Ops						- 0	- 0	-73.00	1,646.00	1,203.00	858.00	-71.00	- 0
Cash from Operating Activities							16,332.00	11,643.00	11,443.00	13,446.00	13,826.00	13,476.00	12,803.00	15,883.00
Cash from Investing Activities
	+ Change in Fixed & Intang						-9,345.00	-7,877.00	-11,096.00	-13,719.00	-8,818.00	-8,122.00	-8,106.00	-7,544.00
		+ Disp in Fixed & Intang					129.00	94.00	227.00	164.00	43.00	41.00	45.00	61.00
			+ Disp of Fixed Assets				129.00	94.00	227.00	164.00	43.00	41.00	45.00	61.00
			+ Disp of Intangible Assets				- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		+ Acq of Fixed & Intang					-9,474.00	-7,971.00	-11,323.00	-13,883.00	-8,861.00	-8,163.00	-8,151.00	-7,605.00
			+ Purchase of Fixed Production Assets				-4,860.00	-5,212.00	-8,372.00	-8,265.00	-6,285.00	-4,917.00	-5,053.00	-5,182.00
			+ Acq of Intangible Assets				-4,614.00	-2,759.00	-2,951.00	-5,618.00	-2,576.00	-3,246.00	-3,098.00	-2,423.00
	+ Net Change in LT Investment						-3,347.00	1,504.00	882.00	1,782.00	1,378.00	-2,651.00	-1,360.00	5,960.00
		+ Dec in LT Investment					1,870.00	1,758.00	1,146.00	1,888.00	3,597.00	1,250.00	2,269.00	7,792.00
		+ Inc in LT Investment					-5,217.00	-254.00	-264.00	-106.00	-2,219.00	-3,901.00	-3,629.00	-1,832.00
	+ Net Cash From Acq & Div						-1,733.00	36,317.00	-4,017.00	-60.00	477.00	312.00	-499.00	-7,292.00
		+ Cash from Divestitures					33.00	41,404.00	34.00	-3.00	505.00	354.00	-412.00	4,427.00
		+ Cash for Acq of Subs					-1,766.00	-5,087.00	-4,051.00	-57.00	-28.00	-42.00	-87.00	-11,719.00
		+ Cash for JVs					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
	+ Other Investing Activities						- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
	+ Net Cash From Disc Ops						- 0	- 0	- 0	-2,308.00	-2,327.00	-247.00	-372.00	- 0
Cash from Investing Activities							-14,425.00	29,944.00	-14,231.00	-14,305.00	-9,290.00	-10,708.00	-10,337.00	-8,876.00
Cash from Financing Activities
	+ Dividends Paid						-5,901.00	-6,019.00	-3,731.00	-4,188.00	-3,714.00	-3,920.00	-4,064.00	-2,296.00
	+ Cash From (Repayment) Debt						6,487.00	-13,772.00	3,931.00	8,842.00	-648.00	-758.00	7,960.00	-3,509.00
		+ Cash From (Repay) ST Debt					1,941.00	-3,423.00	6,019.00	-11.00	1,293.00	-534.00	-541.00	2,586.00
		+ Cash From LT Debt					6,658.00	1,257.00	3,100.00	12,637.00	7,326.00	4,440.00	14,681.00	9,933.00
		+ Repayments of LT Debt					-2,112.00	-11,606.00	-5,188.00	-3,784.00	-9,267.00	-4,664.00	-6,180.00	-16,028.00
	+ Cash (Repurchase) of Equity						-1,840.00	-1,180.00	23.00	25.00	25.00	-1,746.00	-468.00	-814.00
		+ Increase in Capital Stock					85.00	45.00	23.00	25.00	25.00	20.00	7.00	7.00
		+ Decrease in Capital Stock					-1,925.00	-1,225.00	- 0	- 0	- 0	-1,766.00	-475.00	-821.00
	+ Other Financing Activities						-241.00	-17,390.00	-1,296.00	-407.00	-338.00	483.00	3,085.00	-449.00
	+ Net Cash From Disc Ops						- 0	- 0	- 0	1,134.00	-3,157.00	-302.00	-779.00	- 0
Cash from Financing Activities							-1,495.00	-38,361.00	-1,073.00	5,406.00	-7,832.00	-6,243.00	5,734.00	-7,068.00
Support Items
Net Changes in Cash							620.08	3,090.00	-4,144.00	3,419.00	-3,609.00	-3,908.00	8,211.00	-317.00
Cash Paid for Taxes							3,278.44	7,019.50	869.33	807.00	761.00	1,118.00	1,131.00	930.00
Cash Paid for Interest							1,872.51	2,249.32	2,008.90	1,324.00	1,264.00	991.00	1,297.00	2,284.00