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
11 INTANGIBLE FIXED ASSETS

Goodwill
£m
Pre-trans-
mission revenue expend-
iture
£m
Publishing rights and other
£m
Film libraries
£m
Total
£m
Group
Cost at 1 October 1998 - 30.3 2.4 30.8 63.5
Expenditure 27.1 - 0.5 89.7 117.3
Retirements and disposals - (30.3) - - (30.3)
Exchange differences 0.3 - - - 0.3
At 30 September 1999 27.4 - 2.9 120.5 150.8
Amortisation at 1 October 1998 - 17.4 1.6 1.0 20.0
Charge for the year 1.0 - 0.1 1.2 2.3
Retirements and disposals - (17.4) - - (17.4)
At 30 September 1999 1.0 - 1.7 2.2 4.9
Net book value at 30 September 1999 26.4 - 1.2 118.3 145.9
Net book value at 30 September 1998 - 12.9 0.8 29.8 43.5

 
12 TANGIBLE FIXED ASSETS

Land and buildings
Freehold
£m
Leasehold
£m
Plant and equipment
£m
Total
£m
(a) Group
Cost at 1 October 1998 98.4 50.0 454.0 602.4
Expenditure 4.9 5.9 74.3 85.1
Exchange differences 4.8 0.1 1.5 6.4
Businesses acquired - 0.9 3.3 4.2
Businesses disposed - (1.1) (20.9) (22.0)
Disposals (1.9) (2.5) (18.6) (23.0)
At 30 September 1999 106.2 53.3 493.6 653.1
Depreciation at 1 October 1998 12.4 9.7 234.6 256.7
Charge for the year 1.9 3.7 62.5 68.1
Exchange differences 0.1 0.2 3.4 3.7
Businesses disposed - (1.0) (15.4) (16.4)
Disposals (0.3) (1.1) (16.8) (18.2)
At 30 September 1999 14.1 11.5 268.3 293.9
Net book value at 30 September 1999 92.1 41.8 225.3 359.2
Net book value at 30 September 1998 86.0 40.3 219.4 345.7

The net book value of short leasehold property is £11.2m (1998 - £9.7m) and is included above in leasehold land and buildings.

Land and buildings
Freehold
£m
Leasehold
£m
Plant and equipment
£m
Total
£m
(b) Company
Cost at 1 October 1998 13.4 2.9 3.2 19.5
Expenditure 3.7 - 0.6 4.3
Disposals (1.7) - (0.1) (1.8)
At 30 September 1999 15.4 2.9 3.7 22.0
Depreciation at 1 October 1998 0.3 0.4 2.2 2.9
Charge for the year 0.1 0.2 0.4 0.7
Disposals - - (0.1) (0.1)
At 30 September 1999 0.4 0.6 2.5 3.5
Net book value at 30 September 1999 15.0 2.3 1.2 18.5
Net book value at 30 September 1998 13.1 2.5 1.0 16.6

The net book value of short leasehold property is £1.7m (1998 - £1.9m) and is included above in leasehold land and buildings.

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