CPR Carpetright Plc

RNS Number:1046V
Carpetright PLC
05 December 2005



5 December 2005



                                Carpetright plc
                                  IFRS Update


Carpetright plc, Europe's leading specialist carpet and floor covering retailer,
has today published, for guidance, the key financial information for the 26
weeks to 30 October 2004 restated under IFRS.  This follows publication on 27
September 2005 of guidance for the full year ending 30 April 2005.


Under IFRS, underlying profits for the period are reduced by #0.8 million to
#31.8 million.  Net assets as at 30 October 2004, reduce by #5.2 million to
#35.7 million.


Full details are provided on the Group's website at www.carpetright.plc.uk.



For further enquiries please contact :


Carpetright plc
Ian Kenyon, Group Finance Director                      Telephone 01708 525522


Citigate Dewe Rogerson
Patrick Toyne-Sewell / Sara Batchelor                   Telephone 020 7638 9571






Notes :



1.   Profit for the 26 weeks ended 30 October 2004

                                                                    #m
          UK GAAP
          Underlying profit before tax 3                          32.6

          Finance leases and lease incentives                     (0.5)
          Share based payments                                    (0.1)
          Other                                                   (0.2)
                                                                  (0.8)
          IFRS
          Underlying profit before tax                            31.8



2.   Net assets as at 30 October 2004

                                                                    #m
         UK GAAP
         Total net assets                                         40.9

         Finance leases and lease incentives                      (4.6)
         Pensions                                                 (1.7)
         Share based payments                                      0.1
         Goodwill amortisation write back                          0.4
         Deferred tax on revaluations and rolled over
          gains on property disposals                            (10.5)
         Reversal of proposed dividend                            13.1
         Asset impairment                                         (0.6)
         Other                                                    (1.4)
                                                                  (5.2)
         IFRS
         Total net assets                                         35.7

         Tax and deferred tax adjustments are included within the respective 
         adjustments where applicable





3.   Underlying profit is before amortisation of goodwill, asset impairment and 
     profit on disposal and termination.


4.   The first results reported by Carpetright under IFRS will be the
     interim results for the 26 weeks to 29 October 2005.  These will be 
     published on 13 December 2005.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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