Carphone Warehouse 2009 Annual Report Download - page 94

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90 The Carphone Warehouse Group PLC Annual Report 2009
3 Equity dividends
2009 2008
£m £m
Final dividend for the year ended 31 March 2007 of 2.25p per ordinary share – 20
Interim dividend for the year ended 29 March 2008 of 1.25p per ordinary share – 11
Final dividend for the year ended 29 March 2008 of 3.00p per ordinary share 26 –
Interim dividend for the year ended 31 March 2009 of 1.35p per ordinary share 12 –
38 31
Proposednal dividend for the year ended 31 March 2009 of 3.00p per ordinary share 27
The proposed nal dividend for the year ended 31 March 2009 is subject to shareholders’ approval at the Annual General
Meeting and has not been included as a liability in these nancial statements.
The expected cost of this dividend reects the fact that the Group’s Employee Share Ownership Trust has agreed to waive its
rights to receive dividends.
4 Non-current asset investments
£m
At 30 March 2008 913
Additions 1,196
Impairments (8)
Disposals (657)
Foreign exchange 9
At 31 March 2009 1,453
£m
At 1 April 2007 875
Additions 16
Impairments (10)
Foreign exchange 42
Reclassication to current asset investments (8)
Changes in fair value (2)
At 29 March 2008 913
Fixed asset investments at 31 March 2009 comprise £319m in relation to subsidiary undertakings and £1,134m in relation to joint
ventures and associates.
During the year the Company impaired in full its investment in Frontiers Capital II LP, an independently managed wireless
investment fund. During the year a dividend was received from one of the Group’s subsidiaries. As a result of this dividend the
investment held in the subsidiary became impaired by £4m, being the amount of the dividend received.
Additions and disposals relate primarily to the reorganisation of the Group in preparation for the sale of 50% of its retail and
distribution business.
Additions include £5m (2008: £4m) of capital contributions to subsidiary undertakings, joint ventures and associates by way of
share-based payments in accordance with UITF 44 ‘FRS 20 – Group and Treasury Share Transactions’.
Details of the Company’s investments in material subsidiary undertakings are provided in note 15 to the Group’s nancial
statements.
Notes to the Company Financial Statements – continued