Carphone Warehouse 2005 Annual Report Download - page 13

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% OF CONTRIBUTION FROM
RECURRING REVENUES (% OF TOTAL)
’05
’04
’03
’02
44.749.755.3 56.1
CONTRIBUTION FROM RECURRING
REVENUES UP 27.6% (£m)
’05
’04
’03
’02
57.7
77.1
110.5
141.0
Operating and Financial Review
www.cpwplc.com 9
Trading has been excellent across the
Group and we have delivered another year
of good earnings growth. Our operations
are based on a sound platform of good
cash generation, a strong balance sheet
and improving operational efficiency.
Summary of results
Group turnover for the period was
£2,355.1m, compared to £1,849.0m
for the prior year, representing
growth of 27.4%.
Headline pre-tax profit was £102.1m,
an increase of 33.8% on the year
to March 2004.
Earnings per share on the same
basis grew by 37.9% to 9.39p.
Statutory profit before tax increased by
54.8% from £44.5m to £68.9m, while
statutory earnings per share increased
by 76.3% from 3.17p to 5.59p.
Net cash inflow from operating
activities was £143.1m (2004: £102.7m).