sports direct annual report 2018
been converted to the Sports Direct new generation store format. Excluding acquisitions, operating expenses decreased by 1.0%. *Excludes deferred tax and financial instruments.Material non-current segmental assets - by a non-UK country:The following table reconciles the reported operating profit to the underlying EBITDA as it is one of the main measures used by the Chief Operating Decision Maker when reviewing performance:Reconciliation of operating profit to underlying EBITDA for the 52 week period ended 28 April 2019:Reconciliation of operating profit to underlying EBITDA for the 52 week period ended 29 April 2018:Following the loss of a licensee during the year the majority of the impairment recognised relates to goodwill where the discounted present value of future cash flows do not support the full value of the asset.Other impairments including those in the prior year mainly relates to a review of the business and the valuation of own brands and goodwill that are no longer considered core brands, in line with the elevation of retail management strategy.Profit on disposal of available-for-sale financial assets and equity derivative financial instruments,Fair value gain on equity derivative financial instruments.The profit on disposal of available-for-sale financial assets and equity derivative financial instruments mainly relates to the sale of strategic investments.Loss on disposal of available-for-sale financial assets and equity derivative financial instruments,Fair value loss on equity derivative financial instruments,Fair value loss on available-for-sale financial assets reclassified from OCI.The loss on disposal of equity derivatives in FY19 mainly relates to disposal of Iconix Brand Group Inc derivatives.The majority of the FY18 loss on disposal of available-for-sale financial assets and equity derivative financial instruments of £26.5m relates to the loss on disposal of Iconix Brand Group Inc and Goals Soccer Centres plc.The FY18 fair value loss on equity derivative financial instruments of £44.6m relates to Debenhams plc options and equity derivative instruments.
60% of total wholesale sales.Total gross margin increased by 270 basis points to 41.6% (FY18: 38.9%). percent to 19.9p.During FY18, the company opened a total of 15 of new generation stores,
The maximum number of shares that may be purchased under the Programme will be 10m ordinary shares.SHIREBROOK SALE AND LEASEBACK AND THE NEW LONDON OFFICE.The Group has grown substantially in the last year, particularly with the acquisition of House of Fraser and the opening of our London office, Academy House. the development of two new generation Sports Direct stores during FY18, one The results of House of Fraser in this first period with the Group show what a challenge turning the business around will be and highlights what a shambles previous management had left it in.
This is absolutely material to them and no amount of subsequent investigation by the authorities and regulators will bring them this money back. million pounds (831.8 million dollars) including Heatons Republic of We would like to see some stability and certainty entering in to the wider economic environment, as at the date of writing it is not far off to say the political upheaval that has been going on in this financial year has been chaotic at best.It is an exciting time but we also recognise the significant challenge that House of Fraser brings, so we are cautious about the year ahead. We take no pleasure in noting that Debenhams did not address those issues and that Mr Ashley was consequently proven to be right;b) an offer by Sports Direct in December 2018 to provide a £40 million interest-free loan. 800-438-0349 investor-relations@levi.com These include purchasing inventory from overseas suppliers, making sales in currencies other than GBP and holding overseas assets in other currencies.
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