Carphone Warehouse 2014 Annual Report Download - page 102

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Carphone Warehouse Group plc
Annual Report 2014
100
FINANCIAL STATEMENTS
Notes to the Company financial statements continued
2 PROFIT AND LOSS ACCOUNT
In accordance with the exemption permitted by section  of the Companies Act , the profit and loss account of the Company isnot
presented separately. The profit recognised for the year to  March  was £m (: loss of £m). Information regarding the audit
feesfor the Group is provided in note  to the Group financial statements.
3 EQUITY DIVIDENDS AND OTHER DISTRIBUTIONS
The following dividends and distributions were paid during the year:
2014 2013
£m £m
Redemption of 172p per B share through the B/C Share Scheme —33
Final dividend for the year ended 31 March 2012 of 3.25p per ordinary share —15
Interim dividend for the year ended 31 March 2013 of 1.75p per ordinary share —8
Final dividend for the year ended 31 March 2013 of 3.25p per ordinary share 19 —
Interim dividend for the year ended 29 March 2014 of 2.00p per ordinary share 11 —
30 56
The following distribution is proposed but had not been effected at  March :
£m
Final dividend for the year ended 29 March 2014 of 4.00p per ordinary share 23
The proposed final dividend for the year ended  March  is subject to shareholders’ approval at the forthcoming annual general
meeting and has not been included as a liability in these financial statements.
4 FIXED ASSET INVESTMENTS
2014 2013
£m £m
Opening balance 741 750
Additions 12 —
Impairments —(9)
Closing balance 753 741
Cost 851 839
Accumulated impairments (98) (98)
Net carrying amount 753 741
Fixed asset investments comprise investments in subsidiary undertakings, joint venture investments and other minority investments.
Details of the Company’s investments in material subsidiary undertakings are provided in note  to the Group financial statements.
Additions during the year ended  March  primarily reflect the cost of shares issued to satisfy Best Buy’s obligations in relation
toincentive schemes (see note  to the Group financial statements).
In the prior year, CPW Acton One Limited disposed of its investment property in Acton, London, for £.m in cash. Following this transaction
thenet assets of CPW Acton One Limited fell below the value of the Company’s investment in that company, resulting in an impairment.