Carphone Warehouse 2006 Annual Report Download - page 48

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Notes to the Financial Statements continued
2 Segmental reporting continued
Divisional capital expenditure, assets and liabilities are analysed as follows:
2006 2005
Capital Capital
expenditure* Assets Liabilities Net assets expenditure* Assets Liabilities Net assets
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Distribution 94,442 1,068,253 (767,693) 300,560 68,497 779,097 (443,380) 335,717
Telecoms Services 99,693 742,442 (423,999) 318,443 57,273 502,273 (290,031) 212,242
Total Group 194,135 1,810,695 (1,191,692) 619,003 125,770 1,281,370 (733,411) 547,959
*Includes expenditure on property, plant and equipment and intangible assets, excluding goodwill and acquisition intangibles.
Capital expenditure, assets and liabilities associated with the Dealer division are not separable from those of Distribution, and are therefore reported within that division.
Details of the locations of the Group’s operations are provided in the Group Overview at the front of the Annual Report.
Results by geographical location are analysed by origin as follows:
Revenue Capital expenditure* Total assets
2006 2005 2006 2005 2006 2005
£’000 £’000 £’000 £’000 £’000 £’000
United Kingdom 1,820,057 1,358,580 99,010 75,368 1,098,764 693,585
France 205,792 169,158 11,347 7,074 200,931 161,936
Germany 396,842 334,143 54,792 27,146 167,073 143,473
Spain 254,364 186,671 11,632 8,193 143,496 110,860
Other 369,348 306,541 17,354 7,989 200,431 171,516
Rest of Europe 1,226,346 996,513 95,125 50,402 711,931 587,785
Total Group 3,046,403 2,355,093 194,135 125,770 1,810,695 1,281,370
*Includes expenditure on property, plant and equipment and intangible assets, excluding goodwill and acquisition intangibles.
The difference between revenue by destination and revenue by origin is not material.
The information above includes the following amounts in respect of material acquisitions, all of which were in the United Kingdom, during the period:
Profit (loss)
Revenue before taxation Total assets
£’000 £’000 £’000
Distribution 12,835 343 5,391
Telecoms Services 111,495 (25,182) 159,858
124,330 (24,839) 165,249
Details of acquisitions are given in note 14.
The results of material acquisitions are analysed as follows:
2006 2005
Existing operations Acquisitions Total Total
£’000 £’000 £’000 £’000
Revenue 2,922,073 124,330 3,046,403 2,355,093
Cost of sales (1,982,639) (80,382) (2,063,021) (1,630,936)
Gross profit 939,434 43,948 983,382 724,157
Depreciation (47,608) (1,977) (49,585) (40,792)
Amortisation (69,709) (12,373) (82,082) (34,815)
Goodwill expense (1,825) – (1,825) (958)
Reorganisation costs (see note 4) – (22,288) (22,288) –
Other operating expenses (711,187) (29,705) (740,892) (550,808)
Operating profit 109,105 (22,395) 86,710 96,784
The Carphone Warehouse Group PLC Annual Report 2006
44