Consolidated Balance sheet of Vodafone for 5 years:

Vodafone Idea Limited

Mar 19 18-Mar 17-Mar 16-Mar 15-Mar

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 8,735.60 4,359.30 3,605.33 3,600.51 3,597.84

Total Share Capital 8,735.60 4,359.30 3,605.33 3,600.51 3,597.84
Reserves and Surplus 54,702.00 26,161.30 20,118.43 21,164.69 18,292.30
Total Reserves and Surplus 54,702.00 26,161.30 20,118.43 21,164.69 18,292.30
Employees Stock Options 66.9 80.2 0 0 0
Total Shareholders Funds 63,504.50 30,600.80 23,723.76 24,765.20 21,890.14

NON-CURRENT LIABILITIES

Long Term Borrowings 104,402.90 56,940.80 51,637.83 35,904.04 16,006.49

Deferred Tax Liabilities [Net] 0 307.9 1,679.11 2,235.73 1,609.08
Other Long Term Liabilities 11,029.60 3,166.30 1,494.18 2,768.37 1,174.89
Long Term Provisions 339.2 308 331.1 335.33 282.07
Total Non-Current Liabilities 115,771.70 60,723.00 55,142.21 41,243.47 19,072.52
CURRENT LIABILITIES
Short Term Borrowings 4,120.70 21.7 33.65 1,645.58 151.39
Trade Payables 12,674.30 3,548.90 3,992.13 3,203.87 2,970.18
Other Current Liabilities 36,944.80 7,034.50 12,854.49 7,705.43 13,292.74
Short Term Provisions 37.1 21.8 16.17 91.63 298.87
Total Current Liabilities 53,776.90 10,626.90 16,896.44 12,646.52 16,713.18
Total Capital And Liabilities 233,053.10 101,950.70 95,762.42 78,655.18 57,675.84
ASSETS

NON-CURRENT ASSETS

Tangible Assets 49,341.10 24,454.30 22,188.52 20,963.36 17,898.05

Intangible Assets 127,320.30 55,230.80 53,936.46 44,007.94 14,215.86
Capital Work-In-Progress 2,332.50 651.3 1,324.40 661.35 5,079.45
Intangible Assets Under Development 2,744.30 2,934.00 6,204.80 5,377.48 0
Fixed Assets 181,738.20 83,270.40 83,654.18 71,010.13 37,193.35
Non-Current Investments 6,662.40 6,843.40 2,226.60 1,666.85 1,646.61
Deferred Tax Assets [Net] 8,935.10 0 0 0 0
Long Term Loans And Advances 0.8 2.4 2.58 2.5 3,890.67
Other Non-Current Assets 16,431.70 2,194.90 3,257.65 2,199.89 0
Total Non-Current Assets 213,768.20 92,311.10 89,141.01 74,879.37 42,730.63
CURRENT ASSETS
Current Investments 6,689.00 5,612.90 4,024.71 832.85 11,167.50
Inventories 0 33.9 54.21 85.15 58.3
Trade Receivables 3,308.10 887.4 1,258.10 1,136.06 932.19
Cash And Cash Equivalents 784.4 22.2 31.27 757.66 1,541.94
Short Term Loans And Advances 1,339.60 2 2.06 1.66 1,139.12
OtherCurrentAssets 7,163.80 3,081.20 1,251.07 962.44 106.17
Total Current Assets 19,284.90 9,639.60 6,621.41 3,760.32 14,945.21
Total Assets 233,053.10 101,950.70 95,762.42 78,655.18 57,675.84

Horizontal Analysis of B/S for 5 years (% change in year)

2016 2017 2018 2019
-0.07 0.13 20.91 100.39
-0.07 0.13 20.91 100.39
-15.70 -4.94 30.04 109.10
-15.70 -4.94 30.04 109.10

-13.13 -4.21 28.99 107.53

-124.31 43.82 10.27 83.35

-38.94 -24.90 -81.66 -100.00
-135.63 -46.03 111.91 248.34
-18.88 -1.26 -6.98 10.13
-116.25 33.70 10.12 90.66

-986.98 -97.96 -35.51 18,889.40

-7.87 24.60 -11.10 257.13
42.03 66.82 -45.28 425.19
69.34 -82.35 34.82 70.18
24.33 33.61 -37.11 406.05
-36.37 21.75 6.46 128.59

-17.13 5.84 10.21 101.77

-209.57 22.56 2.40 130.52
86.98 100.26 -50.82 258.13
15.38 -52.71 -6.47
-90.92 17.81 -0.46 118.25
-1.23 33.58 207.35 -2.64

99.94 3.20 -6.98 -66.67

48.08 -32.62 648.63
-75.24 19.05 3.56 131.57

92.54 383.25 39.46 19.17

-46.05 -36.34 -37.47 -100.00
-21.87 10.74 -29.47 272.79
50.86 -95.87 -29.01 3,433.33
99.85 24.10 -2.91 66,880.00
-806.51 29.99 146.29 132.50
 74.84 76.09 45.58 100.06
-36.37 21.75 6.46 128.59

Horizontal Analysis: Vodafone from FY 2015-16 to 2018-19:

In the given data, we have observed the trend over the period of past 5 years. For Horizontal
analysis we have taken the difference of the current and previous year value and have calculated the
percentage change.

Equity/Liabilities : Shareholder's equity has increased exponentially compared to previous years.

With maximum change of 4 fold observed in year 2019 compared to year 2018.

Non-Current liabilities: We observed that non current liabilities have been reduced in 2016 and at
same time we can see non current asset is also reducing, in the following years we have seen
increased in liabilities and that could be possible as company might have purchased tangible and
intangible assets.

Total Current assets: is increasing from 2014 to 2016 and afterwards we observed decline in change
in current asset

Current liabilities: Short term borrowing, trade payables and other curretn liabilities have increased
substiantily in 2019 compared to 2018 this means more expediture is done on operational activities.

Current Asset: Current investment has decreased over the 5 year's span similarly Inventories have
been reduced. We could see that company has yet to receive cash for sales as trade receivables has
increased. Similarly cash and its equivalent has increased by multiple folds in last year.

Vertical Analysis:

Vertical analysis is carried out within the same year i.e. the total value in percentage over the
specific value of parameter.

Equity/Shareholders Funds:
Non-Current Liabilities:
Non-current assets values:
Current assets values:
Vodafone Profit & Loss Statement
Mar 19 18-Mar 17-Mar 16-Mar 15-Mar

INCOME
Revenue From Operations [Gross] 36,766.80 27,800.00 35,256.51 35,772.51 31,252.07
Revenue From Operations [Net] 36,766.80 27,800.00 35,256.51 35,772.51 31,252.07
Other Operating Revenues 92 28.6 22.13 31.18 27.4
Total Operating Revenues 36,858.80 27,828.60 35,278.65 35,803.69 31,279.47
Other Income 1,073.30 606.5 197.03 177.34 452.34
Total Revenue 37,932.10 28,435.10 35,475.67 35,981.03 31,731.81
EXPENSES
Operating And Direct Expenses 28,915.00 19,877.20 21,652.39 21,083.66 19,058.96
Employee Benefit Expenses 2,120.90 1,396.80 1,625.64 1,473.52 1,358.73
Finance Costs 9,471.30 4,896.80 3,978.01 1,777.85 931.66
Depreciation And Amortisation Expenses 14,409.80 8,314.80 7,700.02 6,223.23 4,855.01
Other Expenses 1,944.00 910.3 1,938.63 1,351.92 1,188.37
Total Expenses 56,861.00 35,395.90 36,894.67 31,910.18 27,392.73

-
Profit/Loss Before Exceptional, ExtraOrdinary -6,960.80 -1,419.00 4,070.85 4,339.08
18,928.90
Items And Tax
Exceptional Items 1,236.70 0 0 0 0
-
Profit/Loss Before Tax -6,960.80 -1,419.00 4,070.85 4,339.08
17,692.20
Tax Expenses-Continued Operations

Current Tax 0 17.3 0 862.18 1,453.10

Less: MAT Credit Entitlement 0 0 0 0 1.88
Deferred Tax -3,636.20 -2,519.80 -587.93 562.38 78.03
Total Tax Expenses -3,636.20 -2,502.50 -587.93 1,424.56 1,529.25
Profit/Loss After Tax And Before ExtraOrdinary -
-4,458.30 -831.08 2,646.29 2,809.84
Items 14,056.00
-
Profit/Loss From Continuing Operations -4,458.30 -831.08 2,646.29 2,809.84
14,056.00
-
Profit/Loss For The Period -4,458.30 -831.08 2,646.29 2,809.84
14,056.00
Horizontal Analysis of B/S for 5 years (% change in year)
2016 2017 2018 2019
14.46 -1.44 -21.15 32.25
14.46 -1.44 -21.15 32.25
13.80 -29.03 29.24 221.68
14.46 -1.47 -21.12 32.45
-60.79 11.10 207.82 76.97
13.39 -1.40 -19.85 33.40

10.62 2.70 -8.20 45.47

8.45 10.32 -14.08 51.84
90.83 123.75 23.10 93.42
28.18 23.73 7.98 73.30
13.76 43.40 -53.04 113.56
16.49 15.62 -4.06 60.64

-6.18 -134.86 390.54 171.94

-6.18 -134.86 390.54 154.17

-40.67 -100.00
-100.00
620.72 -204.54 328.59 44.31
-6.85 -141.27 325.65 45.30

-5.82 -131.41 436.45 215.28

-5.82 -131.41 436.45 215.28

-5.82 -131.41 436.45 215.28