Carphone Warehouse 2001 Annual Report Download - page 38

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9Earnings per share
The calculations of earnings per share are based on the following profits and numbers of shares:
Basic and diluted
2001 2000
£’000 £’000
Profit for the financial period 38,159 16,327
Amortisation of goodwill 8,771 340
Earnings before amortisation of goodwill 46,930 16,667
Exceptional items (net of tax and minority interests) (5,429) 5,893
Earnings before amortisation of goodwill and exceptional items 41,501 22,560
2001 2000
Number Number
of shares of shares
000’s 000’s
Weighted average number of shares:
For basic earnings per share 763,002 600,000
Dilutive effect of share options 23,122 19,415
For diluted earnings per share 786,124 619,415
Basic Diluted
pence per share pence per share
2001 2000 2001 2000
Unadjusted earnings per share 5.0 2.7 4.9 2.6
Headline earnings per share:
Earnings before amortisation of goodwill 6.2 2.8 6.0 2.7
Earnings before amortisation of goodwill and exceptional items 5.4 3.8 5.3 3.7
Headline earnings per share calculations are provided since the Directors consider that earnings before amortisation of goodwill and
exceptional items gives a better indication of performance than Basic earnings per share.
10 Intangible fixed assets – goodwill
Positive Negative Total
goodwill goodwill
Group £’000 £’000 £’000
Cost
At 25 March 2000 28,943 (1,776) 27,167
Acquisition of minority interests in the Group (see note 12a) 169,050 –169,050
Other acquisitions 42,580 – 42,580
Amounts written off (see below) – 1,776 1,776
Foreign exchange 340 – 340
At 31 March 2001 240,913 – 240,913
Amortisation
At 25 March 2000 (582) 348 (234)
(Charge) credit for the period (8,860) 89 (8,771)
Amounts written off (see below) – (437) (437)
At 31 March 2001 (9,442) – (9,442)
Net book value
At 31 March 2001 231,471 – 231,471
At 25 March 2000 28,361 (1,428) 26,933
Negative goodwill relates to Antika Retail Limited (‘Tandy’) and has been written off in the period against the costs of the fundamental
reorganisation referred to in note 6c.
Notes to the financial statements continued
36 The Carphone Warehouse Group PLC Annual Report 2001