| |
 |
|
Amortisation at £79.0 million was £10.5 million lower than
the previous year. The reduction in charge results from the
transfer of DVD/video investment to 2|entertain, the exit of
Multimedia publishing, accelerated amortisation on children's
and books investments in the previous year, and lower levels
of co-production amortisation in Television Sales in the
current year.
Capital expenditure
Capital expenditure on tangible fixed assets was limited to
£3.9 million in the year (2004: £6.2 million).
Post-balance-sheet events
In April 2005 BBC Worldwide announced that it had entered
into an agreement with Dennis Publishing Limited to form a
joint venture comprising the magazine-subscription fulfilment
business of each company. BBC Worldwide contributed
the assets and business of its Galleon Limited subsidiary in
exchange for a 50% stake in the new joint-venture company,
Galleon CI Limited.
In May 2005 BBC Worldwide completed the sale of certain
music rights for a total consideration of £10.3 million. |
|
|
| |
|
|
|
|
|
|
