Carphone Warehouse 2006 Annual Report Download - page 40

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Consolidated Income Statement
For the 52 weeks ended 1 April 2006
Before amortisation Amortisation After amortisation
of acquisition of acquisition of acquisition Before Amortisation After
intangibles, intangibles, intangibles, amortisation of acquisition amortisation
goodwill expense goodwill expense goodwill expense of acquisition intangibles and of acquisition
and reorganisation and reorganisation and reorganisation intangibles and goodwill expense intangibles and
costs costs (see note 10) costs goodwill expense (see note 10) goodwill expense
52 weeks ended 52 weeks ended 52 weeks ended 53 weeks ended 53 weeks ended 53 weeks ended
1 April 2006 1 April 2006 1 April 2006 2 April 2005 2 April 2005 2 April 2005
Notes £’000 £’000 £’000 £’000 £’000 £’000
Revenue
Existing operations 2,922,073 2,922,073 2,355,093 2,355,093
Acquisitions 2 124,330 124,330 ––
23,046,403 3,046,403 2,355,093 2,355,093
Cost of sales 2 (2,063,021) (2,063,021) (1,630,936) (1,630,936)
Gross profit 2983,382 983,382 724,157 724,157
Operating expenses excluding
amortisation and depreciation 2,3,4 (740,892) (22,288) (763,180) (550,808) – (550,808)
EBITDA 242,490 (22,288) 220,202 173,349 – 173,349
Depreciation 2,3 (49,585) (49,585) (40,792) (40,792)
Amortisation 2,3,4 (51,127) (30,955) (82,082) (27,309) (7,506) (34,815)
Goodwill expense 2,3 – (1,825) (1,825) – (958) (958)
Operating profit 141,778 (55,068) 86,710 105,248 (8,464) 96,784
Existing operations 2 129,512 (20,407) 109,105 105,248 (8,464) 96,784
Acquisitions 2 12,266 (34,661) (22,395) –––
Profit before interest
and taxation 2,3 141,778 (55,068) 86,710 105,248 (8,464) 96,784
Interest payable 7 (13,799) (13,799) (10,748) (10,748)
Interest receivable 7 8,090 8,090 5,903 5,903
Profit before taxation 136,069 (55,068) 81,001 100,403 (8,464) 91,939
Taxation 8 (26,670) 16,210 (10,460) (19,394) 1,361 (18,033)
Net profit for the financial period 109,399 (38,858) 70,541 81,009 (7,103) 73,906
Earnings per share
Basic 11 12.38p 7.99p 9.25p 8.44p
Diluted 11 11.65p 7.51p 8.86p 8.08p
The accompanying notes are an integral part of this consolidated income statement. All amounts relate to continuing operations.
Consolidated Statement of Changes in Equity
For the 52 weeks ended 1 April 2006
52 weeks ended 53 weeks ended
1 April 2006 2 April 2005
Notes £’000 £’000
At the beginning of the period 547,959 480,728
Adoption of IAS32 and IAS39 30 (7,741) –
At 3 April 2005 540,218 480,728
Net profit for the financial period 70,541 73,906
Currency translation 23 (3,644) 5,718
Tax on items recognised directly in reserves 23 19,597 1,996
Net change in available-for-sale investments 23 4,236 –
Issue of share capital 23 10,684 2,750
Net purchase of own shares 23 (15,851) (8,064)
Cost of share-based payments 6,23 10,665 3,608
Equity dividends 9,23 (17,443) (12,683)
At the end of the period 619,003 547,959
The accompanying notes are an integral part of this consolidated statement of changes in equity.
The Carphone Warehouse Group PLC Annual Report 2006
36