IAS 1 para 82(ba), disclosure of impairment losses on financial instruments on face of income statement

Vodafone Group Plc – Annual report – 31 March 2021

Industry: telecoms

Consolidated income statement

for the years ended 31 March

22. Capital and financial risk management (extract)

Credit risk (extract)

Movements in the allowance for expected credit losses during the year were as follows:

Notes:

1 Primarily utilisation of the provision.

2 The prior year comparatives have been re-presented to reflect that Vodafone Egypt is no longer held for sale. See Note 7 “Discontinued operations and assets and liabilities held for sale”. The impact of the re-presentation is to increase the allowance for expected credit losses on trade receivables held at amortised cost by €65 million, compared to amounts previously reported.

Expected credit losses are presented as net impairment losses within operating profit and subsequent recoveries of amounts previously written off are credited against the same line item.