Carphone Warehouse 2007 Annual Report Download - page 3

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www.cpwplc.com
Highlights and Strategy Business Review Governance Financial Statements
Headline Financial Highlights
1
Revenue
£3,991.5m
2006: £3,046.4m
Revenue up 31.0% driven by strong connections
growth in Distribution, the launch of Free
Broadband and a full year of Onetel, and
the acquisition of AOL’s UK customer base.
EBITDA
£294.0m
2006: £242.5m
EBITDA up 21.2% despite significant
revenue investment in Free Broadband.
EBITDA margin 7.4%.
Profit before tax
£123.1m
2006: £136.1m
Headline profit before tax fell 9.5% after
losses of £80.5m from Free Broadband and
our Virgin Mobile France joint venture.
Earnings per share
11. 8 2 p
2006: 12.38p
Headline EPS fell 4.5% as a result of lower
pre-tax profits, which was partly offset by
a fall in the effective tax rate to 14.3%.
Highlights and Strategy
2 Financial Highlights
3 Chairman’s Statement
4 Chief Executive’s Review
Business Review
10 Operating and Financial Performance
17 Principal Risks and Uncertainties
Governance
18 Corporate Responsibility
21 Board of Directors and
Group Advisors
22 Corporate Governance
25 Remuneration Report
31 Directors’ Report
32 Statement of Directors’ Responsibilities
Financial Statements
33 Independent Auditors’ Report
34 Consolidated Income Statement
34 Consolidated Statement of
Changes in Equity
35 Consolidated Balance Sheet
36 Consolidated Cash Flow Statement
37 Notes to the Financial Statements
65 Five Year Record
66 Statement of Directors’ Responsibilities
on the Company Financial Statements
66 Independent Auditors’ Report on the
Company Financial Statements
67 Company Financial Statements
72 Notice of Annual General Meeting
75 Financial Calendar