Carphone Warehouse 2005 Annual Report Download - page 43

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2 Segmental analysis
Divisional results are analysed as follows:
2005 2004
Turnover Profit before tax Net assets Turnover Profit before tax Net assets
£’000 £’000 £’000 £’000 £’000 £’000
Distribution 1,436,970 85,068 449,138 1,128,939 66,939 440,521
Telecoms Services 804,039 22,536 53,804 554,491 15,021 31,322
Wholesale 131,952 (656) – 178,067 (813) –
Eliminations (17,868) – – (12,486) – –
2,355,093 106,948 502,942 1,849,011 81,147 471,843
Amortisation of goodwill (33,229) (25,417)
Operating exceptional items –(4,733)
73,719 50,997
Non-operating exceptional items –(1,652)
Net interest payable (4,845) (4,858)
Profit before tax 68,874 44,487
Results by geographical location are analysed by origin as follows:
2005 2004
Turnover Profit before tax Net assets Turnover Profit before tax Net assets
£’000 £’000 £’000 £’000 £’000 £’000
United Kingdom 1,358,580 67,489 204,701 1,102,185 49,836 177,144
Rest of Europe 996,513 39,459 298,241 746,826 31,311 294,699
2,355,093 106,948 502,942 1,849,011 81,147 471,843
Amortisation of goodwill (33,229) (25,417)
Operating exceptional items –(4,733)
73,719 50,997
Non-operating exceptional items –(1,652)
Net interest payable (4,845) (4,858)
Profit before tax 68,874 44,487
Turnover originating in the United Kingdom includes £0.7m (2004 – £25.3m) of sales to the Rest of Europe; otherwise there is not a material difference between
turnover by destination and turnover by origin.
The information above includes the following amounts in respect of acquisitions during the period:
Profit (loss)
Turnover before tax Net assets
£’000 £’000 £’000
Distribution 2,400 8 15,008
Telecoms Services 29,513 (4,802) 35,330
31,913 (4,794) 50,338
United Kingdom 31,913 (4,794) 50,338
Details of acquisitions are given in note 15.
Notes to the Financial Statements continued www.cpwplc.com 39