Dave Forsey Chief Executive 19 July 2012 - Sports Direct International

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68 / FINANCIAL STATEMENTS AND NOTES consolidated income statement For the 53 weeks ended 29 April 2012 Note 53 weeks ended 29 April 2012 (£’000) 52 weeks ended 24 April 2011 (£’000) Revenue 1,4 1,835,756 1,599,237 Cost of sales (1,091,480) (940,330) Gross profit 744,276 658,907 Selling, distribution and administrative expenses (596,383) (527,273) Other operating income 5 5,283 5,289 Exceptional items 6 5,619 (2,252) Operating profit 4, 7 158,795 134,671 Other investment (costs) / income 9 (5,800) (9,481) Finance income 10 6,426 2,560 Finance costs 11 (8,481) (8,953) Share of (loss) / profit of associated undertakings and joint ventures 16 558 (8) Profit before taxation 151,498 118,789 Taxation 12 (45,867) (35,566) Profit for the period 4 105,631 83,223 Attributable to equity holders of the Group 106,198 84,173 Attributable to non-controlling interests (567) (950) Profit for the period 4 105,631 83,223 Earnings per share from total and continuing operations attributable to the equity shareholders Basic earnings per share 13 18.68 14.80 Diluted earnings per share 13 16.70 13.93 Underlying Basic earnings per share 13 19.19 16.83 The Consolidated Income Statement has been prepared on the basis that all operations are continuing. The accompanying accounting policies and notes form part of these financial statements.
consolidated statement of comprehensive income For the 53 weeks ended 29 April 2012 Note 53 weeks ended 29 April 2012 (£’000) 52 weeks ended 24 April 2011 (£’000) Profit for the period 4 105,631 83,223 Other comprehensive income Exchange differences on translation of foreign operations (2,301) (7,665) Exchange differences on hedged contracts - recognised in the period 27 (1,305) (4,801) Exchange differences on hedged contracts - reclassifiied and reported in net profit 27 8,086 (13,100) Actuarial (losses) / gains on defined benefit pension schemes 24 (5,501) 2,077 Fair value adjustment in respect of available-for-sale financial assets 17 (6,986) 1,531 Transfer of historic losses on available-for-sale financial assets 17 7,146 - Taxation on items recognised in other comprehensive income 25 1,483 4,276 Total comprehensive income for the period 106,253 65,541 Attributable to equity holders of the Group 106,820 66,491 Attributable to non-controlling interest (567) (950) 106,253 65,541 The accompanying accounting policies and notes form part of these financial statements. 69
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Dave Forsey Chief Executive 19 July
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Sports Direct is the UK’s leading
Page 5 and 6:
financial highlights The Financial
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Further expansion of the Internatio
Page 9 and 10:
fascias As at 29 April 2012 the Gro
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Online revenue (£’m) FY09 15.1 F
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Firetrap The Group made acquisition
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onus share scheme key performance i
Page 17 and 18: Our Business Model The Group’s fi
Page 19 and 20: Key performance Indicators The Grou
Page 21 and 22: Review by business segment Retail R
Page 23 and 24: uk store portfolio 29 April 2012 24
Page 25 and 26: international store portfolio 29 Ap
Page 27 and 28: tennis cricket outdoor winter sport
Page 29 and 30: During the year we combined fashion
Page 31 and 32: 31 Eoin Morgan Slazenger Brand Amba
Page 33 and 34: Area Risk Mitigation Market Forces
Page 35 and 36: 35 Fernando Verdasco Dunlop Brand A
Page 37 and 38: 37 Lee Westwood and Darren Clarke D
Page 39 and 40: Ebitda and profit before tax EBITDA
Page 41 and 42: The items adjusted for arriving at
Page 43 and 44: Cash flow and net debt Net debt dec
Page 45 and 46: Simon Bentley (aged 57) Senior Inde
Page 47 and 48: Shareholders No shareholder enjoys
Page 49 and 50: Going concern The Group’s busines
Page 51 and 52: Presentations are also given on bus
Page 53 and 54: Audit Committee Attendance at meeti
Page 55 and 56: Code of securities dealing The Comp
Page 57 and 58: Executive Bonus Share Scheme The Ex
Page 59 and 60: Directors’ emoluments An analysis
Page 61 and 62: Corporate Responsibility Report Mee
Page 63 and 64: Environment The Group is aware that
Page 65 and 66: official T-Shirt retailer for Sport
Page 67: Independent auditor’s report to t
Page 71 and 72: consolidated cash flow statement Fo
Page 73 and 74: notes to the Financial Statements F
Page 75 and 76: Government grants and similar incom
Page 77 and 78: Employee Benefit Trust The cost of
Page 79 and 80: At each balance sheet date, there w
Page 81 and 82: Other segment items included in the
Page 83 and 84: 8. Employee costs The average month
Page 85 and 86: 13. Earnings per share from total a
Page 87 and 88: 15. Intangible assets Cost Goodwill
Page 89 and 90: Associates The business activity of
Page 91 and 92: The administrator of KSF appealed t
Page 93 and 94: Contingent share awards The Executi
Page 95 and 96: 24. Retirement benefit obligations
Page 97 and 98: The movements in the present value
Page 99 and 100: Loans and payables (£’000) Liabi
Page 101 and 102: Interest rate sensitivity analysis
Page 103 and 104: 30. Cash inflow from operating acti
Page 105 and 106: 35. principal subsidiary undertakin
Page 107 and 108: company balance sheet Fixed assets
Page 109 and 110: 2. Investments Shares in Group unde
Page 111 and 112: consolidated five year record Unaud
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Dave Forsey Chief Executive 19 July 2012 - Sports Direct International

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