Carphone Warehouse 2002 Annual Report Download - page 43

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b. Other acquisitions
During the period the Group made a number of other acquisitions for an aggregate gross cash consideration of £2.0m. There were no fair
value or accounting policy adjustments and the acquisitions resulted in goodwill of £2.0m. Cash of £0.2m was acquired through these
transactions.
As detailed in note 31, on 21 December 2001, the Group acquired the entire issued share capital of Papertimes Limited for a
consideration of 2.2m shares in the Company. The market value of the shares issued was £3.0m, giving rise to goodwill of that amount. In
addition, goodwill of £2.2m arose on fair value adjustments in respect of acquisitions in previous periods, principally in relation to
unrecorded potential liabilities.
Net cash outflows in respect of all acquisitions in the period were as follows:
£’000
Gross cash consideration 56,287
Cash acquired (13,441)
42,846
14 Stock
Group Company
2002 2001 2002 2001
£’000 £’000 £’000 £’000
Finished goods and goods for resale 50,088 52,437 ––
There is no material difference between the balance sheet value of stock and its replacement cost.
15 Debtors
Group Company
2002 2001 2002 2001
£’000 £’000 £’000 £’000
Amounts falling due within one year:
Trade debtors 109,538 104,827 ––
Other debtors 11,992 27,516 1,369 924
Prepayments and accrued income 17,708 16,857 306 601
Amounts owed by Group undertakings ––206,582 –
139,238 149,200 208,257 1,525
Amounts falling due after more than one year:
Amounts owed by Group undertakings ––128,226 131,555
139,238 149,200 336,483 133,080
16 Short-term investments
Group
2002 2001
£’000 £’000
Short-term investments 67,637 46,374
Included within short-term investments are listed investments with a cost of £27.4 m (2001 – £46.1m). The market value of these
investments at 30 March 2002 is £27.8m (2001 – £47.3m).
As explained in notes 12 and 30, the Group sold the freehold on its London offices after 30 March 2002 and the relevant assets, with a value
of £18.4m have therefore been included within short-term investments.
The Carphone Warehouse Group PLC Annual Report 2002 41