and losses 1,082
Net finance
costs (589)
Profit before
taxation 24,965
--------
Assets
Segment assets 7,162 4,089 3,501 100,622 115,374
Equity accounted
investments - - - 6,547 6,547
Unallocated
assets 52,783
Total assets 7,162 4,089 3,501 107,169 174,704
------------ -------- -------- --------- --------
Liabilities
Segment liabilities 1,464 3,057 1,010 46,074 51,605
Unallocated
liabilities 56,543
------------ -------- -------- --------- --------
Total liabilities 1,464 3,057 1,010 46,074 108,148
------------ -------- -------- --------- --------
Operating Segments
52 weeks ended 28 December
2014
Switzerland Germany Ireland United Total
Kingdom
GBP000 GBP000 GBP000 GBP000 GBP000
Segment revenue
Sales to external
customers 9,590 5,687 21,461 257,640 294,378
------------ ------------ -------- --------- --------
Results
Segment result (1,019) (7,348) 5,034 57,738 54,405
Non-underlying
items - (957) (863) 394 (1,426)
Share of profit
of associates - - - 1,047 1,047
------------ ------------ -------- --------- --------
Group operating
profit (1,019) (8,305) 4,171 59,179 54,026
Other gains and
losses 949 - - 198 1,147
------------ ------------ -------- --------- --------
(70) (8,305) 4,171 59,377 55,173
Net finance costs (1,376)
Profit before
taxation 53,797
--------
Assets
Segment assets 8,077 1,940 3,395 103,157 116,569
Equity accounted
investments - - - 7,170 7,170
Unallocated assets 42,250
Total assets 8,077 1,940 3,395 110,327 165,989
------------ ------------ -------- --------- --------
Liabilities
Segment liabilities 1,532 4,692 1,706 52,723 60,653
Unallocated liabilities 31,938
------------ ------------ -------- --------- --------
Total liabilities 1,532 4,692 1,706 52,723 92,591
------------ ------------ -------- --------- --------
5. ITEMS EXCLUDED FROM NON-GAAP MEASURE: UNDERLYING PROFIT BEFORE TAX
(a) Included within operating profit
26 weeks 26 weeks 52 weeks
Ended ended ended
28 June 29 June 28 December
2015 2014 2014
GBP000 GBP000 GBP000
Onerous leases - (126) 492
Corporate stores 302 -
Property, plant and
equipment 439 1,036
Impairments - 741 1,036
Restructuring and reorganisation
costs (162) (102)
Other restructuring
and one-off items - (162) (102)
---- ---- ----
- 453 1,426
---- ---- ----
Onerous Lease Provision
The credit in H1 2014 related to a net release of UK and Irish
rent obligations.
Impairments
Impairments in H1 2014 related to store assets in Germany
following restructuring activities that carried on into the first
half of the year, and an unsuccessful new format (Extra stores) in
the UK.
Other Restructuring and one-off items
The credit in H1 2014 related to the release of the unused part
of the provision for German restructuring costs recognised in
2013.
(b) Included below operating profit
Other gains and losses
In H1 2014, this included a GBP1.1m credit in relation to the
release of contingent consideration in respect of Domino's Pizza
Switzerland following final settlement with the vendor and a
GBP0.2m credit in respect of the sale of store assets.
Discount unwind on items included in finance expense
GBPnil net charge has been recognised in respect of discount
unwind on items included in finance expense (29 June 2014:
GBP0.4m).
6. CASH AND CASH EQUIVALENTS
(Unaudited) (Unaudited)
At At At
28 June 29 June 28 December
2015 2014 2014
GBP000 GBP000 GBP000
Cash at bank and in
hand 10,228 8,364 16,229
Short term deposits 19,906 35,247 17,514
------------ ------------ ------------
30,134 43,611 33,743
------------ ------------ ------------
7. INCOME TAX
(Unaudited) (Unaudited)
26 weeks 26 weeks 52 weeks
ended ended ended
28 June 29 June 28 December
2015 2014 2014
GBP000 GBP000 GBP000
Current income tax
Current income tax charge 5,616 5,033 10,043
Deferred income tax
Origination and reversal
of temporary differences 952 234 1,802
Adjustments in respect
of prior periods (786)
------------ ------------ ------------
Income tax expense 6,568 5,267 11,059
------------ ------------ ------------
The calculation of the Group's tax position necessarily involves
a degree of estimation and judgement in respect of certain items
whose tax treatment cannot be finally determined until resolution
has been reached with the relevant tax authority. The final
resolution of certain these items may give rise to material income
statement and or cash flow variances.
8. DIVIDENDS PAID AND PROPOSED
(Unaudited) (Unaudited)
26 weeks 26 weeks 52 weeks
ended ended ended
28 June 29 June 28 December
2015 2014 2014
GBP000 GBP000 GBP000
Declared and paid during
the period:
Final dividend for 2013
8.80p (2012: 7.90p) - - 14,551
Interim dividend for
2014 7.81p (2013: 7.10p) - - 12,929
Final dividend for 2014
9.69p (2013: 8.80) 16,039 14,551 -
------------ ------------ ------------
16,039 14,551 27,480
------------ ------------ ------------
The directors declare an interim dividend of 9p per share of
GBP14,924,000 (29 June 2014: 7.81p GBP12,855,000).
9. EARNINGS PER SHARE
Basic earnings per share amounts are calculated by dividing
profit for the period attributable to ordinary equity holders of
the parent by the weighted average number of ordinary shares
outstanding during the period.
Diluted earnings per share are calculated by dividing the profit
attributable to owners of the parent by the weighted average number
of ordinary shares outstanding during the period plus the weighted
average number of ordinary shares that would have been issued on
the conversion of all dilutive potential ordinary shares into
ordinary shares.
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