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GLOSSARY AND DEFINITIONS
The following definitions apply throughout this annual report unless the context otherwise requires:
ACQUISITION
INTANGIBLES
Acquired intangible assets such as customer bases,
brands and other intangible assets acquired through
abusiness combination capitalised separately
fromgoodwill.
ARPU Average revenue per user.
B/C SHARE SCHEME The scheme used to return the initial proceeds from
theBest Buy Mobile Disposal to shareholders.
BEST BUY Best Buy Co., Inc. (incorporated in the United States)
and its subsidiaries and interests in joint ventures
andassociates.
BEST BUY EUROPE Best Buy Europe Distributions and its subsidiaries
andinterests in joint ventures and associates.
BEST BUY EUROPE
DISTRIBUTIONS
Best Buy Europe Distributions Limited (incorporated in
England and Wales) which is a subsidiary of NewBBED.
BEST BUY EUROPE
JOINT VENTURE
TRANSACTION
Old Carphone Warehouse’s disposal of a 50%
interestin its mobile retail and distribution business
(Best Buy Europe), including its economic interests
inBest Buy Mobile, in June 2008.
BEST BUY MOBILE Best Buy’s retail operations in respect of mobile phones
and other connected devices in which Best Buy Europe
had a profit share arrangement.
BEST BUY MOBILE
DISPOSAL
The disposal of the Group’s interest in Best Buy Mobile
to Best Buy.
BEST BUY UK Best Buy Europe’s Best Buy branded ‘Big Box’ stores
and online business.
BOARD The Board of directors of the Company.
CGU Cash generating unit.
COMPANY Carphone Warehouse Group plc
(incorporatedinEngland and Wales).
CONSIDERATION
SHARES
The 42.1m ordinary shares in the Company issued to
Best Buy on 25 June 2013 at a price of £1.90 per share,
in connection with the CPW Europe Acquisition.
CPW EUROPE Best Buy Europe’s core continuing operations.
CPW EUROPE
ACQUISITION
The Company’s acquisition of Best Buy’s interest
inCPW Europe, which is scheduled to complete
on26June 2013.
DEMERGER The demerger of Old Carphone Warehouse into the
Group and TalkTalk Group, effective on 26 March 2010.
EARNINGS Profit or loss after taxation, unless the context
otherwiserequires.
EBIT Earnings before investment income, interest
andtaxation.
EBITDA Earnings before investment income, interest,
taxation,depreciation and amortisation.
EPS Earnings per share (basic unless otherwise indicated).
ESOT Employee share ownership trust.
GROUP The Company, its subsidiaries, interests in joint
ventures and other investments.
HEADLINE RESULTS Results before non-Headline results. The phrases
“Headline earnings”, “Headline EBIT”, “Headline
EBITDA” and “Headline EPS” should be interpreted
inthe same way. The Headline results of the Group’s
joint ventures also include certain reclassifications,
asdetailed in note 13 to the Group financial statements,
toaid understanding of underlying performance.
IFRS International Financial Reporting Standards
asadopted by the European Union.
MNO Mobile network operator.
MVNO Mobile virtual network operator.
MTR Mobile termination rates.
NEW BBED New BBED Limited (incorporated in England
andWales) owned jointly by the Group and Best Buy.
NON‑HEADlinE
RESUlTS
Items which have been excluded from Headline
results to avoid distortion of underlying performance.
Comprises exceptional items which are considered
tobe one-off and so material that they require
separate disclosure to avoid distortion of underlying
performance, the results of businesses which have
been discontinued by joint ventures, and amortisation
of acquisition intangibles.
OlD CARPHOnE
WAREHOUSE
TalkTalk Telecom Holdings Limited (formerly
“TheCarphone Warehouse Group PLC”)
(incorporatedin England and Wales).
OlD CARPHOnE
WAREHOUSE GROUP
Old Carphone Warehouse and its subsidiaries and
interests in joint ventures prior to the Demerger.
PARTiCiPATiOn PlAn The Carphone Warehouse Group plc Participation
Plan2011.
PAT Profit after taxation.
PbT Profit before taxation.
ROCE Return on capital employed. Net profit as apercentage
of capital employed, calculated usingHeadline earnings
and with capital employed defined as average equity
and average non-current debt. Averages are calculated
based on the opening and closing positions for the
relevant year.
RCF Revolving credit facility.
TAlKTAlK GROUP TalkTalk Telecom Group PLC and its subsidiaries
andother investments.
TSR Total shareholder return.
UK GAAP United Kingdom Accounting Standards
andapplicablelaw.
VES Value enhancement scheme.
ViRGin mObilE
FRAnCE
Omer Telecom Limited (incorporated in England
andWales) and its subsidiaries, operating an MVNO
inFrance as a joint venture between the Company,
Bluebottle UK Limited and Financom S.A.S.
ANNUAL REPORT 2013 CARPHONE WAREHOUSE GROUP PLC 85