Contents

• Executive summary
• AIMS & OBJECTIVES
• FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLE & THEIR ROLE IN PERFORMANCE EVALUATION
• FINANCIAL ANALYSIS
• Conclusion
• References

Description

The following parts form a report on the financial analysis of one of the major telecom player in the U.K. viz. Vodafone. The analysis includes the appraisal of the company on a standalone basis of its financial statements and its various accounting & financial policies. Also a comparison with the closet peer is done in order to better understand the current performance of the company in the industry.
The Company, Vodafone, was incorporated as Racal Strategic Radio Limited under the English law in 1984 (registered number 1833679). After various name changes and lots of corporate action it became an independent company in September 1991. It was then that its name was changed to Vodafone Group Plc. Vodafone Group Plc is one of the biggest operators globally, both in terms of number of customers (370.9 million) and in terms of Revenues. It caters to two main markets, the European market and the Asia-pacific, Middle East and African market. The company’s consolidated revenue stood at about £ 45.9 billion with operating profits of almost £ 11.8 billion with a free cash flow of about £ 7.0 billion.