Carphone Warehouse 2008 Annual Report Download - page 62

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Notes to the Financial Statements continued
50 The Carphone Warehouse Group PLC Annual Report 2008
2 Segmental reporting (continued)
Results by geographical location are analysed as follows:
Revenue Capital expenditure* Total assets
2008 2007 2008 2007 2008 2007
£m £m £m £m £m £m
United Kingdom 2,900.4 2,582.6 356.3 218.8 2,031.5 1,813.8
France 223.0 238.8 10.9 15.0 206.5 206.2
Germany 516.5 459.2 46.6 48.2 217.2 188.0
Spain 367.8 310.7 9.6 15.5 172.8 146.4
Other 466.7 400.2 15.1 19.3 260.5 219.6
Total Group 4,474.4 3,991.5 438.5 316.8 2,888.5 2,574.0
* Includes expenditure on property, plant and equipment and operating intangible assets.
Revenue, assets and capital expenditure are allocated based on where the customers and assets are located.
3Profit before interest and taxation
a) Profit before interest and taxation is stated after charging (crediting):
2008 2007
£m £m
Depreciation of property, plant and equipment (see note 13) 81.1 65.9
Amortisation of operating intangible fixed assets (see note 12) 120.7 68.7
Amortisation of acquisition intangibles (see note 12) 75.2 54.3
Goodwill expense (see note 12) 1.0 0.5
Amounts written off stock 31.8 15.9
Other stock cost of sales 1,546.1 1,479.9
Impairment of trade debtors 77.9 46.3
Net foreign exchange (gains) losses (0.8) 0.4
Share-based payments (see note 6) 9.6 10.4
Other employee costs (see note 5) 573.0 504.6
Rentals under operating leases – property 92.2 83.6
Rentals under operating leases – non-property 23.6 19.7
Auditors’ remuneration (see below) 2.2 1.6
b) Analysis of operating expenses:
2008 2007
£m £m
Operating expenses excluding amortisation, depreciation and goodwill expense 1,163.3 966.2
Depreciation 81.1 65.9
Amortisation and goodwill expense 196.9 123.5
Total operating expenses 1,441.3 1,155.6
c) Auditors’ remuneration:
2008 2007
£m £m
Statutory services:
– Audit of Company’s accounts 0.2 0.2
– Audit of accounts of the Company’s subsidiaries 1.4 1.2
1.6 1.4
Tax services:
– Compliance services 0.1 –
– Advisory services 0.2 0.1
0.3 0.1
Other services: 0.3 0.1
Total fees 2.2 1.6