Carphone Warehouse 2008 Annual Report Download - page 54

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Consolidated Income Statement
42 The Carphone Warehouse Group PLC Annual Report 2008
For the 52 weeks ended 29 March 2008
BeforeAfter
amortisation of Amortisation amortisation
acquisition of acquisition of acquisition Before After
intangiblesand intangiblesand intangiblesand amortisation Amortisation amortisation
reorganisation reorganisation reorganisation of acquisition of acquisition of acquisition
costs costs* costs intangibles intangibles* intangibles
52 weeks52 weeks52 weeks52 weeks 52 weeks 52 weeks
ended ended ended ended ended ended
29March 2008 29 March 2008 29 March 200831 March 2007 31 March 2007 31 March 2007
Notes £m £m £m £m £m £m
Revenue24,474.4 – 4,474.4 3,991.5 – 3,991.5
Cost of sales (2,860.1) – (2,860.1)(2,731.3) – (2,731.3)
Gross profit1,614.3 – 1,614.3 1,260.2 – 1,260.2
Operating expenses excluding amortisation and depreciation 3,4 (1,148.1)(15.2)(1,163.3)(966.2) – (966.2)
EBITDA 2466.2 (15.2)451.0 294.0 – 294.0
Depreciation 2,3 (81.1) – (81.1)(65.9) – (65.9)
Amortisation and goodwill expense 2,3 (120.7)(76.2)(196.9)(68.7) (54.8) (123.5)
Share of results of joint ventures and associates 15 (6.1) – (6.1)(9.9) – (9.9)
Profitbefore interest and taxation 2,3 258.3 (91.4)166.9 149.5 (54.8) 94.7
Interest payable 7 (53.5) – (53.5)(32.4) – (32.4)
Interest receivable 7 10.7 – 10.7 6.1 – 6.1
Profitbeforetaxation 215.5 (91.4)124.1 123.2 (54.8) 68.4
Taxation 8 (33.5)27.0 (6.5)(17.7) 16.3 (1.4)
Net profitfor the financial period 182.0 (64.4)117.6 105.5 (38.5) 67.0
Earnings per share
Basic 11 20.1p 13.0p 11.8p 7.5p
Diluted 11 19.2p12.4p11.2p 7.1p
*A reconciliation of the Headline information to Statutory information is provided in note 10 to the financial statements.
The accompanying notes are an integral part of this consolidated income statement. All amounts relate to continuing operations.
Consolidated Statement of Changes in Equity
For the 52 weeks ended 29 March 2008
52 weeks52 weeks
ended ended
29March 200831 March 2007
Notes £m£m
At the beginning of the period 689.6 619.0
Net profit for the financial period 117.6 67.0
Currency translation and cash flow hedges 24 (63.6)(0.2)
Tax on items recognised directly in reserves 8,24 6.7 3.2
Net change in available-for-sale investments 24 (7.5)3.6
Unrealised gain on disposal of subsidiary 24 –1.7
Total recognised income and expense for the period 53.2 75.3
Issue of share capital 24 49.2 8.4
Net (purchase) sale of own shares 24 (35.2)0.6
Net cost of share-based payments 6,24 9.6 10.4
Equity dividends 9,24 (31.4)(24.1)
At the end of the period 735.0 689.6
The accompanying notes are an integral part of this consolidated statement of changes in equity.