Sports Direct Is The UK's Leading Sports Retailer - Sports Direct ...

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Continuing operations: Consolidated inCome statement for the 52 weeks ended 26 april 2009 52 weeks ended 26 april 2009 52 weeks ended 27 april 2008 notes £’000 £’000 revenue 1,4 1,367,321 1,259,510 Cost of sales (809,685) (709,809) Gross profit 557,636 549,701 Selling, distribution and administrative expenses (463,297) (444,109) Other operating income 5 4,004 4,023 Exceptional items 6 (30,514) - operating profit 4, 7 67,829 109,615 Profit on disposal of available-for-sale financial assets 9 1,035 41,367 Transfer of historic losses on available-for-sale financial assets 9 (53,156) - Dividend income from investments 9 172 2,507 Finance income 10 15,927 5,370 Finance costs 11 (23,633) (45,006) Share of profit/(loss) of associated undertakings and joint ventures 16 2,482 5,020 profit before taxation 10,656 118,873 Taxation 12 (26,164) (41,126) (loss)/profit for the period 4 (15,508) 77,747 attributable to: Equity holders of the Group 22 (15,838) 78,182 Minority interests 24 330 (435) (loss)/profit for the period 4 (15,508) 77,747 Earnings per share from total and continuing operations attributable to the equity shareholders pence per share pence per share Basic earnings per share 13 (2.79) 12.23 diluted earnings per share 13 (2.79) 12.23 The accompanying accounting policies and notes form part of these financial statements. Sports Direct International PLC Annual Report 2009 33
Consolidated statement of reCoGnised inCome and expense for the 52 weeks ended 26 april 2009 52 weeks ended 26 april 2009 52 weeks ended 27 april 2008 notes £’000 £’000 Exchange differences on translation of foreign operations 22 44,654 4,763 Actuarial (losses)/gains on defined benefit pension schemes 26 (449) 1,683 Fair value adjustment in respect of available-for-sale financial assets 17 (28,586) (20,571) Transfer of historic losses on available-for-sale financial assets 17 53,156 - Taxation on items taken directly to equity 27 (6,849) 5,760 income and expense recognised directly in equity 61,926 (8,365) (loss)/profit for the period 4 (15,508) 77,747 total income and expense recognised in the period 46,418 69,382 attributable to: Equity holders of the Group 46,088 69,817 Minority interests 330 (435) The accompanying accounting policies and notes form part of these financial statements. 34 Financial Statements 46,418 69,382
Page 2 and 3: sports direct is the UK’s leading
Page 4 and 5: Contents Chairman’s statement Chi
Page 6 and 7: Dave Forsey Chief Executive overvie
Page 8 and 9: Brands division Total Brands revenu
Page 10 and 11: The Group historically hedged the r
Page 12 and 13: Basis of reportinG The financial st
Page 14 and 15: strateGiC investments During the Ye
Page 16 and 17: simon Bentley Acting Non-Executive
Page 18 and 19: The Board may refuse to register a
Page 20 and 21: auditors Grant Thornton UK LLP has
Page 22 and 23: The Board provides corporate govern
Page 24 and 25: share dealinG Code The Company has
Page 26 and 27: the performanCe share plan The Perf
Page 28 and 29: v a l u e o f h y p o t h e t i C a
Page 30 and 31: direCtors’ responsiBilities The d
Page 32 and 33: During 2008/09 a customer service h
Page 34 and 35: finanCial statements report of the
Page 38 and 39: assets non-current assets 52 weeks
Page 40 and 41: 1. aCCountinG poliCies The consolid
Page 42 and 43: Borrowings and borrowing costs Borr
Page 44 and 45: 4. seGmental analysis primary repor
Page 46 and 47: secondary reporting format — geog
Page 48 and 49: 10. finanCe inCome 52 weeks ended 2
Page 50 and 51: 14. property, plant and equipment f
Page 52 and 53: Value in use calculations are based
Page 54 and 55: 17. availaBle-for-sale finanCial as
Page 56 and 57: 21. share Capital authorised 26 apr
Page 58 and 59: 25. BorrowinGs Non-current: 26 apri
Page 60 and 61: The assumptions used to determine t
Page 62 and 63: The dilapidations provision is the
Page 64 and 65: The sterling principal amounts of f
Page 66 and 67: adjustments to fair value for prior
Page 68 and 69: 34. Capital Commitments The Group h
Page 70 and 71: eport of the independent auditor to
Page 72 and 73: 1. aCCountinG poliCies notes to the
Page 74 and 75: 7. reserves share premium account t
Page 76 and 77: egistrar and transfer office Capita

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