BT 1997 Annual Report Download - page 38

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38
Group profıt and loss account
FOR THE YEAR ENDED 31 MARCH 1997
1997 1996
Notes £m £m
Turnover 114,935 14,446
Operating costs (a) 2(11,690) (11,346)
Operating profit 3,245 3,100
Group’s share of profits of associated undertakings 139 82
Profit on sale of group undertakings 387
Interest receivable 4206 201
Interest payable 4(335) (371)
Premium on repurchase of bonds 4(60) –
Profit on ordinary activities before taxation 3,203 3,019
Tax on profit on ordinary activities 5(1,102) (1,027)
Profit on ordinary activities after taxation 2,101 1,992
Minority interests (24) (6)
Profit for the financial year 2,077 1,986
Dividends: 6
Ordinary (1,266) (1,184)
Special (2,244) –
(3,510) (1,184)
Retained profit (transfer from reserves) for the financial year 19 (1,433) 802
Earnings per share 732.8p 31.6p
(a) including redundancy charges 367 421
Group statement of total recognised gains and losses
FOR THE YEAR ENDED 31 MARCH 1997
1997 1996
£m £m
Profit for the financial year 2,077 1,986
Currency movements arising on consolidation of foreign subsidiary and
associated undertakings (76) 42
Total recognised gains and losses 2,001 2,028