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Kingfi sher plc<br />
<strong>Annual</strong> <strong>Report</strong><br />
<strong>and</strong> <strong>Accounts</strong><br />
2009/10<br />
67<br />
Balance sheet<br />
2009/10<br />
UK & Other International<br />
£ millions Irel<strong>and</strong> France Pol<strong>and</strong> Other Total<br />
Segment assets 997 1,187 463 562 3,209<br />
Central liabilities (399)<br />
Goodwill 2,395<br />
Net debt (250)<br />
Net assets 4,955<br />
2008/09<br />
Restated<br />
UK & Other International<br />
£ millions Irel<strong>and</strong> France Pol<strong>and</strong> Other Total<br />
Segment assets 1,185 1,385 442 561 3,573<br />
Central liabilities (167)<br />
Goodwill 2,396<br />
Net debt (1,004)<br />
Net assets 4,798<br />
Other segmental information<br />
2009/10<br />
UK & Other International<br />
£ millions Irel<strong>and</strong> France Pol<strong>and</strong> Other Central Total<br />
Capital expenditure 97 85 28 44 2 256<br />
Depreciation <strong>and</strong> amortisation 142 80 11 25 2 260<br />
Impairment losses – 2 – – 2 4<br />
Non-current assets 1 3,248 1,927 489 425 12 6,101<br />
2008/09<br />
Restated<br />
UK & Other International<br />
£ millions Irel<strong>and</strong> France Pol<strong>and</strong> Other Central Total<br />
Capital expenditure 175 107 47 57 4 390<br />
Depreciation <strong>and</strong> amortisation 153 71 12 27 2 265<br />
Impairment losses 6 – – 179 – 185<br />
Write down of investment in associate – – – 36 – 36<br />
Non-current assets 1 3,303 1,990 446 432 21 6,192<br />
1 Non-current assets exclude investments in joint ventures <strong>and</strong> associates, deferred tax assets, derivatives <strong>and</strong> other receivables.<br />
The operating segments disclosed above are based on the information reported internally to the Board of Directors <strong>and</strong> Group Executive. This information is<br />
predominantly based on the geographical areas in which the Group operates <strong>and</strong> which are managed separately. The Group only has one business segment<br />
being the supply of home improvement products <strong>and</strong> services.<br />
The ‘Other International’ segment consists of Pol<strong>and</strong>, China, Spain, Russia, the joint venture Koçta¸s in Turkey <strong>and</strong> the associate Hornbach which has operations<br />
in Germany <strong>and</strong> other European countries. Pol<strong>and</strong> has been shown separately due to its signifi cance.<br />
The income statement <strong>and</strong> other segmental information (excluding non-current assets) are presented on a continuing operations basis. Central costs principally<br />
comprise the costs of the Group’s head offi ce. Central liabilities comprise unallocated head offi ce <strong>and</strong> other central items including pensions, interest <strong>and</strong> tax.<br />
Following adoption of IFRS 8, ‘Operating segments’, comparatives have been restated to refl ect the move of Irel<strong>and</strong> from ‘Other International’ to ‘UK & Irel<strong>and</strong>’<br />
(previously ‘UK’). This has also resulted in the presentation of new segmental assets information based on internal reporting, the recording of capital expenditure<br />
on a cash (rather than accruals) basis <strong>and</strong> the inclusion of non-current assets. No other information in the consolidated fi nancial statements has been restated as<br />
a result of this change.
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