Vodafone Group Plc Annual Report for the year ended 31 March 2012

Vodafone Group Plc
Annual Report 2012
141
32. Employees
The average employee headcount during the year by nature of activity and by segment is shown below.
2012 2011 2010
Employees Employees Employees
By activity:
Operations 14,522 14,171 14,099
Selling and distribution 30,286 28,311 27,398
Customer care and administration 41,565 41,380 43,493
86,373 83,862 84,990
By segment:
Germany 12,115 12,594 13,507
Italy 5,838 6,121 6,207
Spain 4,379 4,389 4,326
UK 8,151 8,174 9,766
Other Europe 20,061 18,953 18,582
Europe 50,544 50,231 52,388
India 11,234 10,743 10,132
Vodacom 7,437 7,320 6,833
Other Africa, Middle East and Asia Pacific 10,886 10,896 10,887
Africa, Middle East and Asia Pacific 29,557 28,959 27,852
Non-Controlled Interests and Common Functions 6,272 4,672 4,750
Total 86,373 83,862 84,990
The cost incurred in respect of these employees (including directors) was:
2012 2011 2010
£m £m £m
Wages and salaries 3,158 2,960 3,045
Social security costs 399 392 415
Share-based payments (note 20) 143 156 150
Other pension costs (note 23) 143 134 160
3,843 3,642 3,770
33. Subsequent events
SoftBank consideration
On 2 April 2012 the Group received the remaining consideration of Yen 200 billion (£1.5 billion) from the sale of its SoftBank Mobile Corp. interests.
Offer for Cable & Wireless Worldwide plc (‘CWW’)
On 23 April 2012 Vodafone Europe B.V (‘VEBV‘) announced a recommended cash offer to acquire the entire issued and to be issued share capital of
CWW (the ‘Offer’). It is intended that the Offer will be effected by way of a court-sanctioned scheme of arrangement (the ‘Scheme’) under Part 26 of
the Companies Act. Under the terms of the Offer, CWW shareholders will be entitled to receive 38 pence in cash for each CWW share held. The Offer
values the entire issued ordinary share capital of CWW at approximately £1,045 million.
On 21 May 2012 CWW and VEBV announced that the circular relating to the Scheme was being sent to CWW shareholders that day. The Scheme
circular sets out, among other things, the full terms and conditions of the Scheme, an explanatory statement, notices of the required meetings, a
timetable of principal events and details of the action to be taken by CWW Shareholders.
Subject to approval at the relevant meetings, court approval and the satisfaction or waiver of the other conditions set out in the Scheme circular
(including competition and regulatory approvals), the Scheme is expected to become effective on or around 27 July 2012.
On 21 May 2012 VEBV also announced, in order to satisfy its obligation under Rule 15 of the United Kingdom City Code on Takeovers and Mergers,
a recommended convertible bond cash offer to the holders of all of the outstanding CWW £230 million 5.75 per cent. convertible bonds due 2014,
convertible into ordinary shares of CWW.
Business review Performance Governance Financials Additional information