Carphone Warehouse 2014 Annual Report Download - page 62

Download and view the complete annual report

Please find page 62 of the 2014 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 108

  • 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
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Carphone Warehouse Group plc
Annual Report 2014
60
FINANCIAL STATEMENTS
Consolidated income statement
for the years ended  March  and  March 
Restated*
Restated*
Restated*
Headline
Non-Headline*
Statutory Headline
Non-Headline*
Statutory
2014 2014 2014 2013 2013 2013
Notes £m £m £m £m £m £m
Continuing operations
Revenue 2, 4 2,505 71 2,576 11 —11
Cost of sales 4(1,864) (48) (1,912) — — —
Gross profit 641 23 664 11 —11
Operating expenses 4 (508) (60) (568) (8) —(8)
Profit (loss) from operations before share of results
ofjoint ventures
133 (37) 96 3 — 3
Share of results of joint ventures 2, 4, 24 3(23) (20) 48 (50) (2)
Profit (loss) before interest and taxation 3136 (60) 76 51 (50) 1
Interest income 68 — 8 2 — 2
Interest expense 6(17) —(17) — — —
Profit (loss) before taxation 127 (60) 67 53 (50) 3
Taxation 4, 7 (25) 6(19) (1) —(1)
Profit (loss) from continuing operations 102 (54) 48 52 (50) 2
Profit (loss) from discontinued operations 24 — — — 3(1) 2
Net profit (loss) for the year 102 (54) 48 55 (51) 4
Earnings per share
Basic
Continuing operations 9 18.4p 8.6p 10.9p 0.3p
Discontinued operations 9 0.0p 0.0p 0.7p 0.6p
Total 918.4p 8.6p 11.6p 0.9p
Diluted
Continuing operations 9 18.1p 8.5p 10.8p 0.3p
Discontinued operations 9 0.0p 0.0p 0.7p 0.6p
Total 918.1p 8.5p 11.5p 0.9p
* Non-Headline items comprise exceptional items, amortisation of acquisition intangibles and the results of the Group's retail operations in France, which are in
the process of closure (see note 4). Prior year comparatives have been restated to classify the results of the French business as non-Headline and to classify the
results of Virgin Mobile France as discontinued operations. A reconciliation of Headline results to statutory results is provided in note 8.
The accompanying notes are an integral part of this consolidated income statement.