Consolidated profit and loss account - Stagecoach Group

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Notes to the accounts 2003 Note 10 Profit and loss account The movement on profit and loss account reserve is: Group Company 2003 2002 2003 2002 »m »m »m »m Retained profit brought forward 514.8 128.7 670.1 342.4 Retained loss for the year (559.5) (7.1) (612.6) (72.3) Translation adjustment (26.6) (5.5) Nil Nil UK tax effect of translation adjustment (6.4) (4.8) Nil Nil Share of other recognised gains and losses of associates (0.1) (0.2) Nil Nil Goodwill previously written off to reserves 0.5 3.7 Nil Nil Transfer from share premium/other reserve Nil 400.0 Nil 400.0 Retained (loss)/profit carried forward (77.3) 514.8 57.5 670.1 Note 11 Intangible assets ^ goodwill The Group movement in the year is: Joint ventures Associates Subsidiaries Total »m »m »m »m Cost Beginning of year 110.5 5.5 1,198.7 1,314.7 Additions Nil 0.5 2.8 3.3 Disposals Nil Nil (2.0) (2.0) Translation adjustment Nil Nil (100.2) (100.2) End of year 110.5 6.0 1,099.3 1,215.8 Amortisation Beginning of year (29.1) (4.3) (533.3) (566.7) Charge for the year (8.7) (0.3) (28.6) (37.6) Impairment losses Nil Nil (386.8) (386.8) Disposals Nil Nil 2.0 2.0 Translation adjustment Nil Nil 54.3 54.3 End of the year (37.8) (4.6) (892.4) (934.8) Net book value beginning of year 81.4 1.2 665.4 748.0 Net book value end of year 72.7 1.4 206.9 281.0 Goodwill arising during the year and the amortisation periods are as follows: Amortisation period Goodwill additions Years »m Subsidiaries North American acquisitions 20 1.5 UK Bus goodwill acquired 5 0.8 Adjustments re prior year acquisitions 20 0.5 Associates 10 0.5 3.3 53
Notes to the accounts 2003 Note 12 Tangible fixed assets The following are included in the net book value of tangible fixed assets: Group Company 2003 2002 2003 2002 »m »m »m »m Land and buildings 160.6 176.9 3.4 3.4 PSVs and other assets 691.0 932.0 4.4 5.1 851.6 1,108.9 7.8 8.5 The Group movement in the year is: Land and PSVs and Total buildings other assets »m »m »m Cost Beginning of year 185.0 1,558.2 1,743.2 Additions 19.5 51.6 71.1 New subsidiary undertakings Nil 2.0 2.0 Disposals (7.4) (53.0) (60.4) Sale/closure of subsidiary undertakings (2.9) (5.9) (8.8) Translation adjustment (6.7) (64.5) (71.2) End of year 187.5 1,488.4 1,675.9 Depreciation Beginning of year (8.1) (626.2) (634.3) Charge (6.8) (98.5) (105.3) Impairment losses (17.2) (145.5) (162.7) Disposals 3.0 42.0 45.0 Sale/closure of subsidiary undertakings 0.5 3.2 3.7 Translation adjustment 1.7 27.6 29.3 End of year (26.9) (797.4) (824.3) Net book value, beginning of year 176.9 932.0 1,108.9 Net book value, end of year 160.6 691.0 851.6 Included in the above are: Assets on hire purchase Nil 162.5 162.5 Leased PSV assets Nil 7.9 7.9 Short leasehold land and buildings 1.9 Nil 1.9 Long leasehold land and buildings 27.4 Nil 27.4 Heritable and freehold land amounting to »33.0m (2002 ^ »33.0m) has not been depreciated. Depreciation of »18.0m (2002 ^ »17.6m) has been charged in the year in respect of assets held under hire purchase or finance lease agreements. 54
Page 1 and 2: Consolidated profit and loss accoun
Page 3 and 4: Company balance sheet As at 30 Apri
Page 5 and 6: Consolidated statement of total rec
Page 7 and 8: Notes to the accounts 2003 Note 1 S
Page 15 and 16: Notes to the accounts 2003 Note 5 (
Page 17: Notes to the accounts 2003 Note 8 D
Page 21 and 22: Notes to the accounts 2003 Note 13

Consolidated profit and loss account - Stagecoach Group

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