Carphone Warehouse 2011 Annual Report Download - page 67

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Carphone Warehouse Group plc Annual Report 2011 63
FINANCIAL STATEMENTSFINANCIAL STATEMENTS
9 EQUITY DIVIDENDS
The proposed dividend for the year ended 31 March 2011 is 5.0p per share at an expected cost of £22.7m. As this dividend
is subject to shareholders’ approval at the forthcoming annual general meeting it has not been included as a liability in these
financial statements. The expected cost of the dividend reflects the fact that the Group’s ESOT has agreed to waive its rights
to receive dividends (see note 6).
No dividends have been paid by the Company in the year (2010: £nil).
10 RECONCILIATION OF HEADLINE RESULTS TO STATUTORY RESULTS
2011
Profit before
investment
income, interest
and taxation
£m
Profit before
taxation
£m
Net
profit for
the year
£m
Headline results 65.5 69.4 67.8
Share of amortisation of joint venture acquisition intangibles (post-tax) (see note 14) (2.2) (2.2) (2.2)
Statutory results 63.3 67.2 65.6
2010
Profit before
investment
income, interest
and taxation
£m
Profit before
taxation
£m
Net
profit for
the year
£m
Headline results 38.6 37.0 37.4
Share of amortisation of joint venture acquisition intangibles (post-tax) (see note 14) (0.6) (0.6) (0.6)
Exceptional items (see note 4) – 182.0 182.0
Statutory results 38.0 218.4 218.8
Headline information is provided because the directors consider that it provides assistance in understanding the Group’s
underlying performance.