Carphone Warehouse 2016 Annual Report Download - page 153

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Dixons Carphone plc Annual Report and Accounts 2015/16
Investor information
Pro forma information (unaudited)
151
Basis of preparation
The basis of preparation of Headline pro forma information is described in the Performance Review on page 24. Following the
Merger, the Group changed its year end to be the Saturday closest to 30 April. The 2014/15 financial year as disclosed in the
2014/15 annual report and accounts therefore comprised the 13 months to 2 May 2015 for the Carphone Warehouse business.
So as to enable a better year-on-year comparison, the pro forma prior period results of the Carphone Warehouse business have
been restated to exclude the results of the additional five weeks trading.
2014/15 Pro forma income statement reconciliation
Statutory
basis – Total(1)
£million
Non-headline
items(2)
£million
Dixons Retail
Merger (3)
£million
Pro forma –
Headline (4)
£million
Carphone
Warehouse
April 2014(5)
£million
Restated
Pro forma
basis –
Headline(6)
£million
UK and Ireland 5,506 — 945 6,451 (137) 6,314
Nordics 2,055 — 663 2,718 (9) 2,709
Southern Europe 564 — 73 637 (31) 606
Connected World Services 130 — — 130 (9) 121
Revenue 8,255 — 1,681 9,936 (186) 9,750
UK and Ireland 278 35 (7) 306 (1) 305
Nordics 46 14 26 86 — 86
Southern Europe 18 2 (6) 14 1 15
Connected World Services 6 1 1 8 (1) 7
Unallocated (24) 24 — — — —
EBIT 324 76 14 414 (1) 413
Interest (37) 13 (9) (33) 1 (32)
Profit before tax 287 89 5 381 — 381
Tax (76) (15) 3 (88) — (88)
Profit after tax 211 74 8 293 — 293
Discontinued operations (114) 114 — — — —
Profit after tax 97 188 8 293 — 293
Basic earnings per share (pence) (7) 10.1 19.6 (4.2) 25.5 — 25.5
(1) Total statutory results as reported on pages 88 and 102 in the Group’s 2015/16 financial statements.
(2) Non-Headline items as described in notes 4 and 25 to the Group’s financial statements are excluded from pro forma Headline results.
(3) Consolidated results of Dixons Retail plc for the period prior to 6 August 2014 have been extracted without material adjustment from the
consolidation schedules which support the Group’s 2014/15 financial statements and are included in pro forma Headline results.
(4) Pro forma Headline income statement as reported on page 24 in the 2014/15 annual report and accounts.
(5) Results for the 5 weeks to 3 May 2014 for the Carphone Warehouse business have been extracted without material adjustment from the
consolidation schedules which support the Group’s 2014/15 financial statements and are excluded from the restated pro forma Headline
results.
(6) Pro forma Headline income statement as reported on page 24.
(7) Pro forma earnings per share has been calculated assuming the number of shares on issue at 2 May 2015, adjusted for the number of
shares held by the Group’s ESOTs, apply from the start of the current and comparative periods. The effect of this adjustment to average
number of shares has been included as part of the ‘Dixons Retail Merger’ adjustments.
00_DC 2016 Annual Report.pdf 151 11/07/2016 18:34