| |
 |
|
Magazine’s profit reconciles to normalised profit as follows.
| Magazines normalised |
04 |
05 |
|
| Profit before interest and tax |
16.2 |
22.0 |
|
|
| Eve sale |
- |
(6.5) |
|
|
| Discontinued titles and set-up of Origin |
3.6 |
3.9 |
|
|
| Goodwill |
0.1 |
0.8 |
|
|
| Normalised profit |
19.9 |
20.2 |
|
|
In the Children’s area (excluding magazines), following further rationalisation of its cost base, operating losses were reduced
by £4.5 million. The full-year effect of these changes, combined with the launch of new products in 2006, is expected to deliver
further substantial improvement in profitability.
New Media includes Music, Radio, Sales to Mobile,
Audiocall and beeb.net, the BBC Motion Gallery clips business
and Broadcast Data Services. BDS losses of £3.6 million
were up from £1.4 million in the previous year, as a result
of the running and |
|
|
| |
|
|
|
|
|
| |
|
|
subsequent exit costs of a loss-making contract, and £1 million accelerated depreciation of IT systems. Despite this, the division has cut its operating loss by £1.9 million, 41%, but incurred exit costs of £2.7 million following the closure of the multimedia publishing activity.
Home Entertainment (including Learning) profits have fallen
£0.8 million to £9.5 million. 2|entertain’s first period ran
from 27 September 2004 to 31 January 2005. The impact
of the four-month accounting period was to reduce profit in
BBC Worldwide by an estimated £2.3 million, in addition to a
goodwill amortisation of £0.8 million and transition costs.
The effect of creating the 2|entertain joint venture on
turnover is as follows.
| DVD/video turnover |
04 |
05 |
|
| BBC Worldwide |
81.6 |
37.0 |
|
|
| 2|entertain |
- |
64.0 |
|
|
| Total |
81.6 |
101.0 |
|
|
|
|
|
| |
       |
|
|
|
