Carphone Warehouse 2003 Annual Report Download - page 24

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Consolidated Profit and Loss Account
For the 52 weeks ended 29 March 2003
Before exceptional Exceptional After exceptional
items and items and items and
amortisation amortisation amortisation
of goodwill of goodwill of goodwill
52 weeks ended 52 weeks ended 52 weeks ended 52 weeks ended
29 March 2003 29 March 2003 29 March 2003 30 March 2002
Notes £’000 £’000 £’000 £’000
Tur nover
Existing operations 1,765,650 1,765,650 1,152,717
Acquisitions 2 75,875 75,875 –
21,841,525 1,841,525 1,152,717
Cost of sales 3 (1,453,518) (1,453,518) (834,413)
Gross profit 3388,007 388,007 318,304
Operating expenses excluding amortisation and depreciation 3 (298,017) (298,017) (270,363)
EBITDA 89,990 89,990 47,941
Depreciation 3,4 (31,977) (31,977) (26,335)
Amortisation of goodwill 3,4 (20,585) (20,585) (14,736)
Operating profit 2,3 58,013 37,428 6,870
Existing operations 3 52,114 33,605 6,870
Acquisitions 3 5,899 3,823 –
Profit (loss) on disposal of fixed assets 6 13,199 13,199 (6,336)
Amounts written off fixed asset investments 6 (15,145) (15,145) (18,681)
Cost of fundamental reorganisation 6 – (5,210)
Profit (loss) before interest and taxation 58,013 35,482 (23,357)
Net interest (payable) receivable 7 (995) (995) 342
Profit (loss) on ordinary activities before taxation 57,018 34,487 (23,015)
Tax on profit on ordinary activities 8 (12,418) (12,418) (6,162)
Profit (loss) on ordinary activities after taxation 44,600 22,069 (29,177)
Equity minority interests – – 915
Profit (loss) for the financial period 44,600 22,069 (28,262)
Equity dividends 9 (8,729) (8,729) –
Retained profit (loss) for the financial period 24 35,871 13,340 (28,262)
Earnings (loss) per share
Basic 10 5.25p 2.60p (3.39)p
Diluted 10 5.23p 2.59p (3.39)p
Headline earnings per share
Basic 10 5.25p 4.41p
Diluted 10 5.23p 4.39p
The accompanying notes are an integral part of this consolidated profit and loss account.
Consolidated Statement of Total Recognised Gains and Losses
For the 52 weeks ended 29 March 2003
52 weeks ended 52 weeks ended
29 March 2003 30 March 2002
Notes £’000 £’000
Profit (loss) for the financial period 22,069 (28,262)
Currency translation 24 3,021 (302)
Total recognised gains and losses relating to the period 25,090 (28,564)
Prior period adjustments 11 – (3,941)
Total gains and losses recognised since last financial statements 25,090 (32,505)
The accompanying notes are an integral part of this consolidated statement of total recognised gains and losses.
22
The Carphone Warehouse Group PLC Annual Report 2003