Carphone Warehouse 2001 Annual Report Download - page 25

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The Carphone Warehouse Group PLC Annual Report 2001 23
Donations
The Group made charitable donations of £173,000 during the period (2000 – £33,000). No political donations were made in
either period.
Economic and monetary union
The Group has interests in eight markets which will be transacting in Euros from 1January 2002 and the Board is taking steps to ensure
that the Group is prepared for this. The costs for this preparation are not expected to be material.
Contracts with controlling shareholders
There are no material contracts with controlling shareholders. Details of related party transactions are provided within note 28 to the
financial statements.
Share capital
Details of the movements in authorised and issued share capital during the period are provided in note 20 to the financial statements.
During the period, shares were acquired by the Company through an Employee Share Ownership Trust, as disclosed in note 12 to the
financial statements.
Tangible fixed assets
Movements in tangible fixed assets are set out in note 11 to the financial statements. In the opinion of the Directors the current open
market value of the Group’s interests in freehold land and buildings exceeds the book value by £4.6m. The Group’s liability to taxation if
such assets were sold at that value would be approximately £1.4m.
Significant shareholdings
As at 21 May 2001 no disclosable interest in the issued share capital has been notified to the Company in accordance with sections 198
to 208 of the Companies Act 1985, other than C W Dunstone, D P J Ross and C G Johnson, whose interests are detailed in the Remuneration
report on pages 19 to 21.
Going concern
On the basis of current financial projections and facilities available, the Directors are satisfied that the Group has adequate resources
to continue in operation for the foreseeable future and consequently the financial statements continue to be prepared on the going
concern basis.
Auditors
The Directors will place a resolution before the Annual General Meeting to re-appoint Arthur Andersen as auditors of the Company for the
ensuing period.
By order of the Board,
The Carphone Warehouse Group PLC
North Acton Business Park
Wales Farm Road
London
W3 6RS
T S Morris
Company Secretary
29 May 2001