BT 1997 Annual Report Download - page 35

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35
Five year fınancial summary
YEARS ENDED 31 MARCH
1993 1994 1995 1996 1997
£m £m £m £m £m
Profit and loss account
Turnover 13,242 13,675 13,893 14,446 14,935
Operating profit 2,403 2,982 2,663 3,100 3,245
Group’s share of profits of associated undertakings 13 18 92 82 139
Profit (loss) on sale of group undertakings (132) (14) 241 7 8
Net interest payable (256) (230) (259) (170) (129)
Premium on repurchase of bonds (56) – (75) – (60)
Profit on ordinary activities before taxation 1,972 2,756 2,662 3,019 3,203
Tax on profit on ordinary activities (724) (951) (926) (1,027) (1,102)
Profit on ordinary activities after taxation 1,248 1,805 1,736 1,992 2,101
Minority interests (28) (38) (5) (6) (24)
Profit for the financial year 1,220 1,767 1,731 1,986 2,077
Earnings per share 19.8p 28.5p 27.8p 31.6p 32.8p
Dividends per share (including 1997 special dividend of 35p) 15.6p 16.7p 17.7p 18.7p 54.85p
Cash flow statement (a)
Cash flow from operating activities 5,130 4,917 5,119 5,834 6,192
Returns on investments and servicing of finance (331) (202) (348) (150) (220)
Taxation (975) (605) (1,175) (784) (1,045)
Capital expenditure and financial investment (2,078) (2,123) (2,535) (2,500) (2,820)
Acquisitions and disposals (5) (482) (2,260) (132) (252)
Equity dividends paid (917) (999) (1,065) (1,138) (1,217)
Cash inflow (outflow) before use of liquid resources and financing 824 506 (2,264) 1,130 638
Management of liquid resources 197 (797) 2,557 (1,317) (504)
Financing (1,044) 273 (207) 215 (224)
Increase (decrease) in cash for the period (23) (18) 86 28 (90)
Decrease (increase) in net debt 877 563 (2,146) 1,319 849
Balance sheet
Tangible fixed assets 15,736 15,584 16,012 16,496 16,802
Fixed asset investments 735 1,312 1,082 1,057 1,273
Net current assets (liabilities) 322 125 (725) (106) (2,667)
Total assets less current liabilities 16,793 17,021 16,369 17,447 15,408
Loans and other borrowings falling due after one year (3,386) (3,199) (3,361) (3,322) (2,693)
Provisions for liabilities and charges (1,117) (701) (879) (1,267) (1,391)
Minority interests (72) (95) (132) (180) (208)
Total assets less liabilities 12,218 13,026 11,997 12,678 11,116
(a) Cash flow information for 1993 to 1996 has been restated to comply with Financial Reporting Standard 1 (Revised).