Carphone Warehouse 2009 Annual Report Download - page 59

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www.cpwplc.com 55
Financial Statements
4 Exceptional items
The following items have been disclosed separately in the year given their size and one-off nature:
2009
Taxation
Pre-tax (charge) Post-tax Group Group
Income statement gain (loss) credit gain (loss) share share
Note presentation £m £m £m % £m
Part-disposal of retail
and distribution business
Net gain on disposal a Discontinued operations 648 (40) 608 100% 608
Indirect costs of the transaction a Discontinued operations (7) 1 (6) 100% (6)
Other costs arising from the transaction b Results of joint ventures and associates (27) 4 (23) 50% (11)
Reorganisation costs
Divisionalisation costs c Discontinued operations (12) 3 (9) 100% (9)
AOL integration d Operating expenses and taxation (16) 4 (12) 100% (12)
TalkTalk Group reorganisation e Operating expenses and taxation (10) 3 (7) 100% (7)
Best Buy Europe reorganisation f Results of joint ventures and associates (18) 4 (14) 50% (7)
Other exceptional items
Foreign exchange losses g Interest expense and taxation (85) 24 (61) 100% (61)
Impairment of non-current asset investments h Operating expenses (5) – (5) 100% (5)
2008
Pre-tax Taxation Post-tax Group Group
Income statement loss credit loss share share
Note presentation £m £m £m % £m
AOL integration d Operating expenses and taxation (15) 5 (10) 100% (10)
The presentation of these items within the income statement is summarised as follows:
2009 2008
£m £m
Operating expenses excluding amortisation AOL integration (pre-tax) (16) (15)
and depreciation TalkTalk Group reorganisation (pre-tax) (10) –
Impairment of non-current asset investments (pre-tax) (5) –
(31) (15)
Share of results of joint ventures and associates Other costs arising from the transaction (post-tax Group share) (11) –
Best Buy Europe reorganisation (post-tax Group share) (7) –
(18) –
Interest expense Foreign exchange losses (pre-tax) (85) –
(85) –
Taxation AOL integration (taxation) 4 5
TalkTalk Group reorganisation (taxation) 3 –
Foreign exchange losses (taxation) 24 –
Taxation credit on amortisation of acquisition intangibles 19 22
50 27
Net (loss) prot for the year from Net gain on disposal (post-tax) 608 –
discontinued operations Indirect costs of the transaction (post-tax) (6) –
Divisionalisation costs (post-tax) (9) –
593 –