Carlton Annual Report & Accounts 1999
INTRODUCTION

Financial highlights

From the Chairman

From the Chief Executive

 
OUR BUSINESSES

Broadcasting & advertising sales

Programme making

Digital pay television

The internet

Technicolour Group

 
FINANCIAL REVIEW

Finance Director's Review

 
CORPORATE GOVERNANCE

Directors' report

Remuneration report

 
FINANCIAL RESULTS

Auditors' report

Profit and loss account

Consolidated balance sheet

Consolidated statement of cash flows

Statement of total recognised gains & losses

Reconciliation of movements in shareholders' funds

Principal accounting policies

 
NOTES TO THE ACCOUNTS

Index to notes

 
APPENDIX

Euro conversion

US$ conversion

Differences between UK and US GAAP

Historical record

Summary notice of AGM

Shareholder information

NOTES TO THE ACCOUNTS
for the year ended 30 September 1999
1 DIVISIONAL AND GEOGRAPHICAL INFORMATION

The divisional analysis of the Group has been reported under new segments reflecting the way in which the businesses are managed. The principal changes are that Carlton Books and Carlton Video are moved from Other to Carlton Media Group, the Technicolor businesses are reported as one segment, and the products and post-production businesses are reported within Other.

Turnover Operating profit Operating net assets
(a) Divisional analysis 1999
£m
1998
£m
1999
£m
1998
£m
1999
£m
1998
£m
Carlton Media Group 859.6 832.6 176.4 160.9 284.8 194.8
Technicolor 908.3 820.0 149.2 141.2 397.6 328.4
Other 160.3 182.8 (6.1) 15.9 118.1 126.7
Headline turnover/operating profit 1,928.2 1,835.4 319.5 318.0 800.5 649.9
Digital Television 9.9 6.7 (37.9) (9.6) 14.1 30.6
Exceptional item - Digital Television - - (9.1) - - -
Exceptional item - Technicolor - - (2.5) - - -
1,938.1 1,842.1 270.0 308.4 814.6 680.5
(b) Geographical analysis, by destination
United Kingdom 1,015.1 969.2 204.5 195.0
Europe 180.9 167.1 14.4 17.0
North America (principally USA) 685.9 647.2 99.8 104.2
Japan 12.1 15.3 - 0.9
Asia and other 34.2 36.6 0.8 0.9
1,928.2 1,835.4 319.5 318.0
Digital Television - all United Kingdom 9.9 6.7 (37.9) (9.6)
Exceptional item - UK - - (9.1) -
Exceptional item - US - - (2.5) -
1,938.1 1,842.1 270.0 308.4
(c) Geographical analysis, by origin
United Kingdom and Europe 1,295.3 1,251.6 214.9 218.6 437.3 372.5
North America (principally USA) 632.9 583.8 104.6 99.4 363.2 286.7
Ê 1,928.2 1,835.4 319.5 318.0 800.7 659.2
Digital Television - all United Kingdom 9.9 6.7 (37.9) (9.6) 14.1 21.3
Exceptional item - UK - - (9.1) - - -
Exceptional item - US - - (2.5) - - -
1,938.1 1,842.1 270.0 308.4 814.6 680.5
Operating net assets comprise:
Intangible fixed assets 145.9 43.5
Tangible fixed assets 359.2 345.7
Stocks 57.8 56.5
Programme and film rights 153.3 138.6
Trade debtors 385.8 363.9
Other debtors 173.6 174.4
Creditors: amounts falling due within one year (440.8) (413.7)
Creditors: amounts falling due after more than one year (20.2) (28.4)
814.6 680.5

Other debtors exclude taxes recoverable. Creditors exclude dividends payable.


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