Carphone Warehouse 2006 Annual Report Download - page 74

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Notes to the Company Financial Statements continued
2 Profit and loss account
In accordance with the exemption permitted by section 230 of the Companies Act 1985, the profit and loss account of the Company is not presented separately.
Audit fees for the audit of the Company only financial statements are £0.01m (2005 – £0.01m).
3 Equity dividends
2006 2005
£’000 £’000
Final dividend for the period ended 27 March 2004 of 0.90p per ordinary share –7,869
Interim dividend for the period ended 2 April 2005 of 0.55p per ordinary share –4,814
Final dividend for the period ended 2 April 2005 of 1.25p per ordinary share 11,005 –
Interim dividend for the period ended 1 April 2006 of 0.75p per ordinary share 6,438 –
17,443 12,683
Proposed final dividend for the period ended 1 April 2006 of 1.75p per ordinary share 15,283
The proposed final dividend for the period ended 1 April 2006 is subject to shareholders’ approval at the Annual General Meeting and has not been included as
a liability in these financial statements.
The expected cost of the proposed final dividend for the period ended 1 April 2006 reflects the fact that the Group’s Employee Share Ownership Trust has agreed
to waive its rights to receive dividends.
4 Fixed asset investments
£’000
At 2 April 2005 415,402
Adoption of FRS25 and FRS26 (see note 12) (2,294)
Restated at 3 April 2005 413,108
Additions 302,033
Disposals (363)
Foreign exchange 6,253
Movements in fair value 4,830
At 1 April 2006 725,861
Included within fixed asset investments at 2 April 2005 is £409.3m relating to subsidiary undertakings and £6.1m relating to third-party investments. The third-party
investments relate principally to an interest in Wireless Frontiers, an independently managed wireless investment fund.
The fair value of third-party fixed asset investments has been determined using European Venture Capital Association (EVCA) guidelines. Movements in fair value
are recognised in reserves in accordance with FRS26 (see note 12).
Details of the Company’s investments in material subsidiary undertakings is provided in note 14 to the Group’s financial statements.
5 Current asset investments
2006 2005
£’000 £’000
Forward currency contracts 80 –
The Carphone Warehouse Group PLC Annual Report 2006
70