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52 The Carphone Warehouse Group PLC Annual Report 2009
Notes to the Financial Statements – continued
2 Segmental reporting – continued
Retail and Distribution (Best Buy Europe)
Prior to its part-disposal on 30 June 2008, the results of the Group’s retail and distribution business are reected in the income
statement, net of interest and taxation, within discontinued operations. After the transaction, the Group’s share of its results are
reected within joint ventures and associates as part of continuing operations, as Best Buy Europe.
The Headline results of the retail and distribution business are further analysed as follows:
Restated
2009 2009 2009 2008
Pre-disposal Post-disposal Total Total
£m £m £m £m
Revenue 729 2,834 3,563 3,091
Headline EBITDA 15 173 188 217
Depreciation (13) (39) (52) (47)
Amortisation of operating intangibles (4) (31) (35) (18)
Share of results of joint ventures and associates – – – (1)
Headline EBIT (2) 103 101 151
Net interest (expense) income (2) (10) (12) 3
Taxation on Headline results 2 (31) (29) (16)
Headline prot after taxation (2) 62 60 138
Goodwill expense – – – (1)
Exceptional items (see note 4) (12) (45) (57) –
Taxation on exceptional items 3 8 11 –
(11) 25 14 137
Percentage attributable to the Group 100% 50% 100%
Presented in:
Headline
Net (loss) prot for the year from discontinued operations (2) – (2) 138
Share of results of joint ventures and associates – 31 31 –
Statutory
Net (loss) prot for the year from discontinued operations (11) – (11) 137
Share of results of joint ventures and associates – 13 13 –