Originally Posted by
Te Whetu
Hi Snoopy
you reminded me to check to see if they had fixed the error. Nope, the CEO statement states:
"Group non-trading charges of $2.3 million ($2.0 million in 2011) included a pro-rata write off of goodwill following Pizza Hut store disposals ($1.5 million), Pizza Hut and Starbucks Coffee store closure costs (mainly fixed asset write offs) of $0.6 million and KFC transformation write offs of $0.2 million."
Based on RBD's account it should have read:
"Group non-trading charges from continuing operations of $2.3 million ($2.0 million in 2011) included a pro-rata write off of goodwill following Pizza Hut store disposals ($1.3 million), Pizza Hut and Starbucks Coffee store closure costs (mainly fixed asset write offs) of $0.6 million and other non-trading charges of $0.4 million."
The KFC transformation write-off is unlikely to be $0.2 million... total KFC non-trading items were $0.1 million. Yes the differences are small, but it's the CEO statement, it should be correct.