Carphone Warehouse 2008 Annual Report Download - page 68

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Notes to the Financial Statements continued
56The Carphone Warehouse Group PLC Annual Report 2008
10 Reconciliation of Headline information to statutory information
2008 2007
Profit before Net profit for Profit before Net profit for
interest and Profit before the financial interest and Profit before the financial
EBITDA taxation taxation period EBITDA taxation taxation period
£m £m £m £m £m £m £m £m
Headline 466.2 258.3 215.5 182.0 294.0 149.5 123.2 105.5
Reorganisation costs (see note 4) (15.2) (15.2) (15.2) (15.2) ––––
451.0 243.1 200.3 166.8 294.0 149.5 123.2 105.5
Amortisation of acquisition intangibles – (75.2) (75.2) (75.2) – (54.3) (54.3) (54.3)
Goodwill expense – (1.0) (1.0) (1.0) – (0.5) (0.5) (0.5)
– (76.2) (76.2) (76.2) – (54.8) (54.8) (54.8)
Taxation:
On reorganisation costs (see note 4) –––4.6 ––––
On amortisation of acquisition intangibles –––22.4 –––16.3
–––27.0 –––16.3
Statutory 451.0 166.9 124.1 117.6 294.0 94.7 68.4 67.0
EBITDA represents earnings before interest, taxation, depreciation, amortisation and goodwill expense. EBIT represents earnings before interest
and taxation.
Headline information is provided because the Directors consider that it provides assistance in understanding the Group’s underlying performance.
11 Earnings per share
2008 2007
£m £m
Statutory earnings 117.6 67.0
Headline earnings (see note 10) 182.0 105.5
2008 2007
Number of Number of
shares shares
million million
Weighted average number of shares:
For basic earnings per share 906.0 892.1
Dilutive effect of share options 40.1 49.1
For diluted earnings per share 946.1 941.2
The number of shares that could be issued but that are not considered to be dilutive at 29 March 2008 was 25.4m (2007 – 37.3m).
Basic pence Diluted pence
per share per share
2008 2007 2008 2007
Earnings per share 13.0 7.5 12.4 7.1
Headline earnings per share 20.1 11.8 19.2 11.2
Headline earnings per share is provided because the Directors consider that it provides assistance in understanding the Group’s underlying performance.