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