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66
4 Segmental analysis
Income statement
Notes to the consolidated
fi nancial statements
3 Critical accounting estimates and judgements continued
Restructuring provisions
The Group carries a number of provisions in relation to historical and
ongoing restructuring programmes. The most signifi cant part of the
provisions is the cost to exit stores and property contracts. The ultimate
costs and timing of cash fl ows are dependent on exiting the property
lease contracts on the closed stores and subletting surplus space.
Refer to note 26 for further information.
Kingfi sher plc
Annual Report
and Accounts
2009/10
Post employment benefi ts
The present value of the defi ned benefi t liabilities recognised on the balance
sheet is dependent on a number of assumptions including interest rates of
high quality corporate bonds, infl ation and mortality rates. The net interest
charge or return is dependent on both the interest rates of high quality
corporate bonds and the assumed investment returns on scheme assets.
The assumptions are based on the conditions at the time and changes in
these assumptions can lead to signifi cant movements in the estimated
obligations. The key assumptions, including a sensitivity analysis, are given
in note 27.
UK & Other International
£ millions Ireland France Poland Other Total
Sales 4,442 4,242 1,012 807 10,503
Retail profi t 217 322 125 – 664
Exceptional items 17
Central costs (41)
Share of interest and tax of joint ventures and associates (17)
Operating profi t 623
Net fi nance costs (57)
Profi t before taxation 566
2008/09
Restated
UK & Other International
£ millions Ireland France Poland Other Total
Sales 4,379 3,888 1,036 723 10,026
Retail profi t 132 283 124 (36) 503
Exceptional items (273)
Central costs (41)
Share of interest and tax of joint ventures and associates (16)
Operating profi t 173
Net fi nance costs (83)
Profi t before taxation 90
2009/10