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The Carphone Warehouse Group PLC Annual Report 2005
Notes to the Financial Statements continued
26 Reconciliation of movements in shareholders’ funds
Group Company
2005 2004 2005 2004
£’000 £’000 £’000 £’000
Profit (loss) for the financial period 48,964 27,704 (850) 116,427
Dividends (15,782) (11,369) (15,782) (11,369)
Currency translation 804 (1,014) ––
Issue of share capital 2,750 928 4,877 1,787
Employee share option schemes (see note 25) 2,427 –2,427 –
Purchase of own shares (see note 25) (8,064) –––
Net movement in shareholders’ funds 31,099 16,249 (9,328) 106,845
Opening shareholders’ funds as previously stated 471,843 459,543 518,665 411,820
Prior period adjustments (see note 12) –(3,949) ––
Opening shareholders’ funds as restated 471,843 455,594 518,665 411,820
Closing shareholders’ funds 502,942 471,843 509,337 518,665
27Analysis of cash flows
2005 2004
£’000 £’000
a) Returns on investments and servicing of finance
Interest received 5,903 2,120
Interest paid (10,748) (6,978)
Net cash outflow from returns on investment and servicing of finance (4,845) (4,858)
b) Taxation
Corporation tax paid (11,641) (2,350)
Net cash outflow from taxation (11,641) (2,350)
c) Capital expenditure and financial investment
Payments to acquire fixed asset investments (172) (257)
Payments to acquire tangible fixed assets (89,203) (100,305)
(Payments to acquire) receipts from sale of short-term investments (49,663) 15,471
Receipts from sale of tangible fixed assets 1,363 846
Net cash outflow from capital expenditure and financial investment (137,675) (84,245)
d) Acquisitions and disposals
Purchase of subsidiary undertakings (58,153) (74,135)
Net cash acquired with subsidiary undertakings 11,838 15,085
Net cash outflow from acquisitions and disposals (46,315) (59,050)
e) Financing
Net receipts from issuing shares 2,750 928
Purchase of own shares (8,064) –
Increase in loans 22,866 95,668
Net cash inflow from financing 17,552 96,596
54