Carphone Warehouse 2004 Annual Report Download - page 28

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Consolidated Profit and Loss Account
For the 52 weeks ended 27 March 2004
26
www.cpwplc.com
Before exceptional Exceptional After exceptional
items and items and items and
amortisation amortisation amortisation
of goodwill of goodwill of goodwill
52 weeks ended 52 weeks ended 52 weeks ended 52 weeks ended
27 March 2004 27 March 2004 27 March 2004 29 March 2003
Notes £’000 £’000 £’000 £’000
Tur nover
Existing operations 1,632,849 1,632,849 1,841,525
Acquisitions 2 216,162 216,162 –
21,849,011 1,849,011 1,841,525
Cost of sales 3 (1,303,246) (1,303,246) (1,453,518)
Gross profit 3545,765 545,765 388,007
Operating expenses excluding amortisation and depreciation 3 (422,934) (4,733) (427,667) (298,017)
EBITDA 10 122,831 (4,733) 118,098 89,990
Depreciation 3,4 (41,684) (41,684) (31,977)
Amortisation of goodwill 3,4 (25,417) (25,417) (20,585)
Operating profit 2,3 81,147 (30,150) 50,997 37,428
Existing operations 3 71,442 42,633 37,428
Acquisitions 3 9,705 8,364 –
Profit on disposal of fixed assets 6 – 13,199
Loss on disposal of fixed asset investments 6 (1,652) (1,652) –
Amounts written off fixed asset investments 6 – (15,145)
Profit before interest and taxation 81,147 (31,802) 49,345 35,482
Net interest payable 7 (4,858) (4,858) (995)
Profit on ordinary activities before taxation 76,289 44,487 34,487
Tax on profit on ordinary activities 8 (16,783) (16,783) (12,418)
Profit for the financial period 59,506 27,704 22,069
Equity dividends 9 (11,369) (11,369) (8,729)
Retained profit for the financial period 48,137 16,335 13,340
Earnings per share
Basic 11 6.81p 3.17p 2.60p
Diluted 11 6.72p 3.13p 2.59p
Headline earnings per share
Basic 11 6.81p 5.25p
Diluted 11 6.72p 5.23p
The accompanying notes are an integral part of this consolidated profit and loss account.
Consolidated Statement of Total Recognised Gains and Losses
For the 52 weeks ended 27 March 2004
52 weeks ended 52 weeks ended
27 March 2004 29 March 2003
Notes £’000 £’000
Profit for the financial period 27,704 22,069
Currency translation (1,014) 3,021
Total recognised gains and losses relating to the period 26,690 25,090
Prior period adjustments 12 (3,949) –
Total gains and losses recognised since last financial statements 22,741 25,090
The accompanying notes are an integral part of this consolidated statement of total recognised gains and losses.