Carphone Warehouse 2006 Annual Report Download - page 55

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10 Reconciliation of Headline information to statutory information
2006 2005
Operating Profit before Profit after Operating Profit before Profit after
EBITDA profit taxation taxation EBITDA profit taxation taxation
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Headline 242,490 141,778 136,069 109,399 173,349 105,248 100,403 81,009
Operating expenses
excluding amortisation
and depreciation:
Reorganisation
costs (see note 4) (22,288) (22,288) (22,288) (22,288) ––––
Amortisation:
On acquisition
intangibles – (17,998) (17,998) (17,998) – (7,506) (7,506) (7,506)
Reorganisation
costs (see note 4) – (12,957) (12,957) (12,957) ––––
– (30,955) (30,955) (30,955) – (7,506) (7,506) (7,506)
Goodwill expense – (1,825) (1,825) (1,825) – (958) (958) (958)
Taxation:
On reorganisation
costs (see note 4) – – – 10,574 ––––
On acquisition
intangibles and
goodwill expense – – – 5,636 – – – 1,361
– – – 16,210 – – – 1,361
Statutory 220,202 86,710 81,001 70,541 173,349 96,784 91,939 73,906
EBITDA represents earnings before interest, taxation, depreciation, amortisation and goodwill expense. Contribution represents EBITDA before support costs. EBIT
represents earnings before interest and taxation.
Headline information is provided because the Directors consider that it provides assistance in understanding underlying performance.
11 Earnings per share
2006 2005
£’000 £’000
Statutory earnings 70,541 73,906
Headline earnings (see note 10) 109,399 81,009
2006 2005
Number Number
of shares of shares
000’s 000’s
Weighted average number of shares:
For basic earnings per share 883,393 875,569
Dilutive effect of share options 55,287 39,078
For diluted earnings per share 938,680 914,647
Basic pence per share Diluted pence per share
2006 2005 2006 2005
Earnings per share 7.99 8.44 7.51 8.08
Headline earnings per share (see note 10) 12.38 9.25 11.65 8.86
Headline earnings per share is provided because the Directors consider that it provides assistance in understanding underlying performance.
Notes to the Financial Statements continued www.cpwplc.com 51
Financial Statements