Shareholder Information
Five Year Record
Consolidated income statement
Underlying revenue(1)
Percentage change
2011/12
million
8,186.7
0.4%
Underlying operating prot / EBIT(2)
Underlying net nance (costs) / income(1)
115.1
(44.3)
Underlying prot before tax(1)
Percentage change
Closed businesses
Acquired intangible amortisation
Net restructuring charges
Business impairment charges
Other items
Changes in pension benets
Prot on sale of investment
Net fair value remeasurements
70.8
(17.0)%
(2.9)
(4.5)
(16.3)
(196.0)
32.9
(2.8)
(Loss) / prot before tax continuing operations
Income tax expense
(118.8)
(44.1)
(Loss) / prot after tax continuing operations
Loss after tax discontinued operations
(162.9)
(Loss) / prot for the period
(162.9)
Underlying diluted earnings per share (pence)(1)
Percentage change
Consolidated cash ow
1.1p
(31.3)%
2011/12
million
Underlying prot before tax(1)
Closed businesses loss before tax
Depreciation and amortisation
Working capital movements
Taxation
Net capital expenditure
Other
70.8
(2.9)
138.8
15.8
(26.8)
(31.3)
9.7
Free Cash Flow before restructuring items(3)
Net restructuring and other one-off items
174.1
(43.8)
Free Cash Flow(4)
130.3
Closing net (debt) / funds
Less restricted funds(5)
(104.0)
(114.0)
Unrestricted net debt(5)
(218.0)
132
Dixons Retail plc
Annual Report and Accounts 2011/12
Consolidated balance sheet
Non-current assets
Goodwill
Intangible assets
Tangible assets
Other non-current assets
2012
million
740.7
98.1
480.4
182.3
1,501.5
Current assets
Inventories
Other current assets
Short term investments
Cash and cash equivalents
874.2
346.6
7.3
316.8
1,544.9
Assets held for sale
Total assets
3,046.4
Current liabilities
Bank overdrafts
Other borrowings
Obligations under nance leases
Other current liabilities
Provisions
(15.8)
(162.5)
(3.1)
(1,634.7)
(18.6)
(1,834.7)
Net current liabilities
(289.8)
Non-current liabilities
Borrowings
Obligations under nance leases
Retirement benet obligations
Other non-current liabilities
Provisions
(147.8)
(98.9)
(266.0)
(275.4)
(19.6)
(807.7)
Liabilities associated with assets classied as held for sale
Total liabilities
(2,642.4)
Net assets
404.0
Equity shareholders funds
Equity non-controlling interests
391.4
12.6
Total equity
404.0
Notes:
(1) Underlying gures exclude the effects of trading results of closed businesses, amortisation of acquired intangibles, net restructuring and business impairment charges and other one-off,
non-recurring items, prots on sale of investments and net fair value remeasurements of nancial instruments, and where applicable, discontinued operations.
(2) EBIT equates to underlying operating prot.
Shareholder
(3) Free Cash Flow before restructuring items includes dividend payments to non-controlling interests (minority shareholders).
(4) Free Cash Flow relates to continuing operations and comprises net cash ow generated from operations before special pension contributions, less net nance expense, less income tax Information
and
net capital expenditure.
(5) Unrestricted net debt comprise cash and cash equivalents, short term investments and borrowings and exclude restricted funds which predominantly comprise funds held under trust to
fund potential customer support agreement liabilities.
Annual Report and Accounts 2011/12 Dixons Retail plc
133