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Leases (Tables)
12 Months Ended
Mar. 31, 2021
Leases  
Schedule of maturity profile of the Group's lease liabilities

 

 

 

 

 

 

 

2021

    

2020

 

 

 

 

Re-presented1

 

 

€m

 

€m

Within one year

 

3,419

 

3,198

In more than one year but less than two years

 

2,142

 

2,018

In more than two years but less than three years

 

1,661

 

1,542

In more than three years but less than four years

 

1,457

 

1,337

In more than four years but less than five years

 

1,316

 

1,128

In more than five years

 

4,696

 

4,443

 

 

14,691

 

13,666

Effect of discounting

 

(1,659)

 

(1,548)

Lease liability (note 21 "Borrowings")

 

13,032

 

12,118

Note:

1The 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 total undiscounted lease liabilities by €75 million and total discounted lease liabilities by €55 million, respectively, compared to the amount previously reported.

Schedule of the Group's income as a lessor

 

 

 

 

 

 

 

2021

    

2020

 

 

€m

 

€m

Operating leases

 

 

 

  

Lease revenue (note 2 "Revenue disaggregation and segmental analysis")

 

559

 

502

Income from leases not recognised as revenue

 

180

 

203

 

Schedule of committed amounts to be received from the Group's operating leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity

 

 

 

 

 

 

 

    

Within one

    

In one to two

    

In two to

    

In three to four

    

In four to five

    

In more than

    

    

 

 

year

 

years

 

three years

 

years

 

years

 

five years

 

Total

 

 

€m

 

€m

 

€m

 

€m

 

€m

 

€m

 

€m

31 March 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Committed operating lease income due to the Group as a lessor

 

510

 

261

 

175

 

134

 

115

 

395

 

1,590

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31 March 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Committed operating lease income due to the Group as a lessor

 

442

 

211

 

114

 

53

 

44

 

223

 

1,087