3. Segmental information

(a) By geography

 

Continuing operations
£m

Acquisitions
£m

Discontinued operations
£m

Year ended 31 July 2006
£m

Turnover

 

Americas

4.2

-

1,173.4

1,177.6

Europe

536.7

2.6

-

539.3

Australia

346.6

-

-

346.6

Total

887.5

2.6

1,173.4

2,063.5

Operating profit

 

Americas

1.1

-

86.7

87.8

Europe

1.6

(0.4)

-

1.2

Australia

3.5

-

-

3.5

Unallocated central costs

(12.0)

-

(6.0)

(18.0)

Total

(5.8)

(0.4)

80.7

74.5

Americas region relates to operations serving customers in North America (including Canada) as well as South America. Discontinued operations relate to those that have been sold or terminated prior to the enactment of the US Unlawful Internet Gambling Enforcement Act on 13 October 2006. Unallocated central costs include a significant element of costs that will be rationalised in light of the cessation of the US-facing operations.

Operating loss for acquisitions is after cost of sales of £2.6m and operating expenses of £0.4m which includes goodwill amortisation of £nil and other administrative expenses of £0.4m. Operating loss for continuing operations is after cost of sales of £780.9m and operating expenses of £112.4m (including goodwill amortisation of £5.5m, share option charges of £4.8m and other administrative expenses of £102.1m). Operating profit for discontinued operations is after cost of sales of £976.7m and operating expenses of £116.0m which includes goodwill amortisation of £16.6m, share option charges of £1.6m and other administrative expenses of £97.8m.

 

Continuing operations
£m

Discontinued operations
£m

Year ended 31 July 2005
£m

Turnover

 

Americas

0.5

859.1

859.6

Europe

295.4

-

295.4

Australia

371.2

-

371.2

Total

667.1

859.1

1,526.2

 

Operating profit

 

Americas

(1.5)

51.0

49.5

Europe

4.3

-

4.3

Australia

2.8

-

2.8

Unallocated central costs

(5.5)

(6.0)

(11.5)

Total

0.1

45.0

45.1

Operating profit for discontinued operations is after cost of sales of £739.4m and operating expenses of £74.7m which includes goodwill amortisation of £12.2m and other administrative expenses of £62.5m.

 

2006
£m

2005
£m

Net assets

 

Americas

189.0

113.7

Europe

183.6

219.6

Australia

5.7

4.9

Total

378.3

338.2

(b) By activity

 


£m


£m

Turnover

 

Sports betting

1,869.8

1,422.0

Casino and gaming

65.8

45.2

Poker rake

117.2

49.5

Fee income

10.7

9.5

Total

2,063.5

1,526.2

No analysis of operating profit and net assets has been given by activity as all expenses, assets and liabilities relate jointly to these segments. Any allocation of these items would be arbitrary.

Search


 

Bookmarked

No bookmarks