Carphone Warehouse 2013 Annual Report Download - page 64

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CARPHONE WAREHOUSE GROUP PLC ANNUAL REPORT 201362
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 for the year ended 31 March 2013 are grouped into the following two categories: CPW Europe reorganisation costs
and Virgin Mobile France amortisation.
Non-Headline items for the year ended 31 March 2012 are grouped into the following three categories: Best Buy Mobile Disposal,
BestBuy UK closure and Virgin Mobile France amortisation.
Non-Headline items are analysed as follows:
2013 2012
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 Europe
CPW Europe reorganisation costs
Reorganisation costs and non-cash asset write-downs (ii) (53.4) —
Best Buy Mobile Disposal
Best Buy Mobile operating profit (iii) —16.7
Costs associated with the Best Buy Mobile Disposal (iv) —(16.9)
Best Buy UK closure
Best Buy UK operating losses (v) —(26.5)
Closure costs of Best Buy UK (vi) —(60.5)
Virgin Mobile France
Virgin Mobile France amortisation
Virgin Mobile France amortisation of acquisition intangibles (vii) (0.5) (1.3)
(53.9) (88.5)
Investment income:
Best Buy Mobile Disposal
Consideration from the Best Buy Mobile Disposal (viii) —813.0
—813.0
Taxation:
Best Buy Mobile Disposal
Tax credit on costs associated with the Best Buy Mobile Disposal (ix) —0.9
—0.9
(53.9) 704.8
NOTES TO THE FINANCIAL STATEMENTS continued