Carphone Warehouse 2007 Annual Report Download - page 46

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Notes to the Financial Statements continued
2 Segmental reporting continued
Divisional capital expenditure, assets and liabilities are analysed as follows:
2007 2006
Capital Capital
expenditure* Assets Liabilities Net assets expenditure* Assets Liabilities Net assets
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Distribution 122,041 1,230,526 (1,037,762) 192,764 94,442 1,068,253 (767,693) 300,560
Telecoms Services 194,940 1,344,333 (848,910) 495,423 99,693 742,442 (423,999) 318,443
Joint ventures – 1,436 – 1,436 ––––
Total Group 316,981 2,576,295 (1,886,672) 689,623 194,135 1,810,695 (1,191,692) 619,003
*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.
Assets and liabilities that are not directly attributable to either Distribution or Telecoms Services are allocated to these divisions in proportion to revenue.
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
2007 2006 2007 2006 2007 2006
£’000 £’000 £’000 £’000 £’000 £’000
United Kingdom 2,582,576 1,820,057 219,006 99,010 1,816,057 1,098,764
France 238,778 205,792 14,959 11,347 206,218 200,931
Germany 459,211 396,842 48,229 54,792 187,971 167,073
Spain 310,747 254,364 15,459 11,632 146,486 143,496
Other 400,166 369,348 19,328 17,354 219,563 200,431
Total Group 3,991,478 3,046,403 316,981 194,135 2,576,295 1,810,695
*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.
Material acquisitions were all in the United Kingdom in the Telecoms Services division; these acquisitions recorded revenue of £129.2m and a loss before taxation
of £6.6m in the period, and represented total assets of £448.7m at 31 March 2007. The loss before taxation reflects an operating loss of £2.7m and an interest
charge of £3.9m.
Details of acquisitions are given in note 14.
The results of material acquisitions are analysed as follows:
2007 2006
Existing operations Acquisitions Total Total
£’000 £’000 £’000 £’000
Revenue 3,862,259 129,219 3,991,478 3,046,403
Cost of sales (2,656,462) (74,800) (2,731,262) (2,063,021)
Gross profit 1,205,797 54,419 1,260,216 983,382
Depreciation (63,883) (2,025) (65,908) (49,585)
Amortisation of acquisition intangibles (38,165) (16,060) (54,225) (17,998)
Amortisation of other intangible assets (65,145) (3,591) (68,736) (51,127)
Goodwill expense (529) – (529) (1,825)
Reorganisation costs (see note 4) –––(35,245)
Other operating expenses (930,838) (35,406) (966,244) (740,892)
Share of results of joint ventures (9,854) – (9,854) –
Operating profit (loss) 97,383 (2,663) 94,720 86,710
The Carphone Warehouse Group PLC Annual Report 2007
42