Carphone Warehouse 2003 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2003 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

Notes to the Financial Statements continued
30
The Carphone Warehouse Group PLC Annual Report 2003
10 Earnings per share
The calculations of earnings per share are based on the following profits or losses and numbers of shares:
Basic and diluted
2003 2002
£’000 £’000
Profit (loss) for the financial period 22,069 (28,262)
Amortisation of goodwill 20,585 14,736
Operating exceptional items (net of tax and minority interests) – 21,573
Non-operating exceptional items (net of tax and minority interests) 1,946 28,719
Earnings before amortisation of goodwill and exceptional items 44,600 36,766
2003 2002
Number Number
of shares of shares
000’s 000’s
Weighted average number of shares:
For basic earnings per share 850,273 833,382
Dilutive effect of share options 2,166 3,759
For diluted earnings per share 852,439 837,141
Basic pence per share Diluted pence per share
2003 2002 2003 2002
Earnings (loss) per share 2.60 (3.39) 2.59 (3.39)
Headline earnings per share 5.25 4.41 5.23 4.39
Headline earnings per share is calculated on earnings before amortisation of goodwill and exceptional items and is provided because the Directors
consider that it gives a better indication of underlying performance than standard earnings per share.
11 Prior period adjustments
In the period ended 30 March 2002, the Group implemented FRS19 and in accordance with the standard, restated prior period figures to reflect this.
12 Intangible fixed assets – goodwill
Group £’000
Cost
At 30 March 2002 298,976
Acquisitions (see note 14) 102,117
Foreign exchange 12,560
At 29 March 2003 413,653
Amortisation
At 30 March 2002 (24,178)
Charge for the period (20,585)
Foreign exchange (1,343)
At 29 March 2003 (46,106)
Net book value
At 29 March 2003 367,547
At 30 March 2002 274,798
13 Tangible fixed assets
Computer,
Short network
Freehold land leasehold and office Fixtures Motor
and buildings costs equipment and fittings vehicles Total
Group £’000 £’000 £’000 £’000 £’000 £’000
Cost
At 30 March 2002 4,567 54,062 53,085 61,276 1,263 174,253
Additions 600 3,980 18,999 14,988 844 39,411
Disposals (1,844) (414) (114) (265) (222) (2,859)
Acquisitions (see note 14) – – 10,649 130 – 10,779
Foreign exchange 32 3,632 1,927 4,437 78 10,106
At 29 March 2003 3,355 61,260 84,546 80,566 1,963 231,690
Depreciation
At 30 March 2002 (400) (12,940) (25,194) (23,532) (533) (62,599)
Charge for the period (221) (5,915) (12,631) (12,815) (395) (31,977)
Disposals 245 140 57 106 104 652
Foreign exchange – (566) (1,501) (2,609) (50) (4,726)
At 29 March 2003 (376) (19,281) (39,269) (38,850) (874) (98,650)
Net book value
At 29 March 2003 2,979 41,979 45,277 41,716 1,089 133,040
At 30 March 2002 4,167 41,122 27,891 37,744 730 111,654