Carphone Warehouse 2012 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2012 Carphone Warehouse annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

Carphone Warehouse Group plc Annual Report 201262
3 Profit (loss) before investment income, interest and taxation continued
Auditors’ remuneration comprises the following:
2012 2011
£m £m
Statutory services – audit of Company and the Company’s subsidiaries 0.1 0.1
Tax advisory services 0.6 0.1
Other assurance services 0.2 —
0.9 0.2
The Group’s share of audit fees for Best Buy Europe and Virgin Mobile France was £0.6m (2011: £0.7m) in the year and the Group’s share
of fees for their tax and other services was £0.2m (2011: £0.1m).
Other assurance services relate to reporting accountant work in respect of the Best Buy Mobile Disposal.
4 Non-Headline items
Non‑Headline items comprise:
— exceptional items, which have been disclosed separately given their size and one‑off nature;
— the Group’s share of results of discontinued businesses within joint ventures; and
— the Group’s share of joint venture amortisation of acquisition intangibles.
Non‑Headline items are grouped into three categories: Best Buy Mobile Disposal, Best Buy UK closure and Virgin Mobile France amortisation,
and are analysed as follows:
2012 2011
Notes £m £m
Operating expenses:
Best Buy Mobile Disposal
Costs associated with the Best Buy Mobile Disposal i) (20.6) —
(20.6) —
Share of results of joint ventures (post-tax):
Best Buy Mobile Disposal
Best Buy Mobile operating profit ii) 16.7 35.2
Costs associated with the Best Buy Mobile Disposal iii) (16.9) —
Best Buy UK closure
Best Buy UK operating losses iv) (26.5) (22.1)
Closure costs of Best Buy UK v) (60.5) —
Virgin Mobile France amortisation
Virgin Mobile France amortisation of acquisition intangibles vi) (1.3) (2.2)
(88.5) 10.9
Investment income:
Best Buy Mobile Disposal
Consideration from the Best Buy Mobile Disposal vii) 813.0 —
813.0 —
Taxation:
Best Buy Mobile Disposal
Tax credit on costs associated with the Best Buy Mobile Disposal viii) 0.9 —
0.9 —
704.8 10.9
NOTES TO THE FINANCIAL STATEMENTS CONTINUED