BBY » Topics » (c) Joint ventures - Virgin Mobile France

This excerpt taken from the BBY 8-K filed Feb 1, 2010.

(c)       Joint ventures — Virgin Mobile France

 

 

 

Year ended

 

 

 

29 March

 

31 March

 

 

 

2008

 

2007

 

 

 

£m

 

£m

 

EBITDA

 

(16

)

(23

)

Working capital

 

10

 

8

 

Capital expenditure

 

(5

)

(1

)

Operating free cash flow

 

(11

)

(16

)

 

Virgin Mobile France saw an operating free cash outflow of £11 million in the financial year ended 29 March 2008 (2007: outflow of £16 million) principally reflecting a reduction in EBITDA losses.

 

Capital expenditure increased from £1 million in the year ended 31 March 2007 to £5 million in the year ended 29 March 2008, reflecting significant investment in IT in the later year.

 

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