Annual Report & Accounts 2004 - Harvey Nash

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Harvey Nash Group plc
Annual Report & Accounts 2004
Notes to the Financial Statements continued
for the year ended 31 January 2004
9 Earnings Per Share
31 January 31 January
2004 2003
Loss attributable to shareholders (£’000) (4,867) (7,490)
Weighted average number of shares 55,600,842 50,241,818
Basic loss per ordinary share (8.75)p (14.91)p
Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders by the weighted average number of
ordinary shares in issue during the year, excluding those held in the Employee Benefit Trust which are treated as cancelled.
The Company has share options which are potential ordinary shares, however, the impact on the net loss of these potential ordinary shares
is anti-dilutive and therefore, the diluted earnings per share is the same as the basic earnings per share.
31 January 31 January
2004 2003
£’000 £’000
Loss attributable to shareholders (4,867) (7,490)
Amortisation of goodwill 2,123 1,972
Exceptional items 3,494 5,587
Tax on exceptional items (1,163) (532)
Adjusted loss attributable to shareholders (413) (463)
Weighted average number of shares 55,600,842 50,241,818
Adjusted loss per ordinary share (0.74)p (0.92)p
Adjusted loss per share has been calculated before amortisation and exceptional items in order that their effect on reported earnings can be
fully appreciated.
10 Intangible Fixed Assets
Goodwill £’000
Cost
At 1 February 2003 41,334
Additions 3,505
Exchange movements 278
At 31 January 2004 45,117
Aggregate amortisation
At 1 February 2003 12,084
Charge for the year 2,123
Exchange movements 151
At 31 January 2004 14,358
Net book value
At 31 January 2004 30,759
At 31 January 2003 29,250