BT 1997 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 1997 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

63
Quarterly analysis of turnover and profıt
(UNAUDITED) YEAR ENDED 31 MARCH 1997
1st 2nd 3rd 4th Tot a lQuarters
£m £m £m £m £m
Turnover 3,641 3,725 3,763 3,806 14,935
Operating profit (a) 870 770 910 695 3,245
Group’s share of profits (losses) of associated undertakings 38 44 27 30 139
Profit on sale of group undertakings 4 – 4 – 8
Interest receivable 44 60 53 49 206
Premium on repurchase of bonds – (60) – – (60)
Interest payable (87) (84) (85) (79) (335)
Profit on ordinary activities before taxation 869 730 909 695 3,203
Tax on profit on ordinary activities (296) (261) (309) (236) (1,102)
Profit on ordinary activities after taxation 573 469 600 459 2,101
Minority interests (4) (8) (1) (11) (24)
Profit for the financial period 569 461 599 448 2,077
Earnings per share 9.0p 7.3p 9.4p 7.1p 32.8p
(a) including redundancy charges 52 183 39 93 367
(UNAUDITED) YEAR ENDED 31 MARCH 1996
1st 2nd 3rd 4th Tot a lQuarters
£m £m £m £m £m
Turnover 3,499 3,549 3,620 3,778 14,446
Operating profit (a) 886 798 835 581 3,100
Group’s share of profits (losses) of associated undertakings 31 (26) 30 47 82
Profit on sale of group undertakings 5 – 2 – 7
Interest receivable 42 51 53 55 201
Interest payable (90) (91) (91) (99) (371)
Profit on ordinary activities before taxation 874 732 829 584 3,019
Tax on profit on ordinary activities (297) (249) (282) (199) (1,027)
Profit on ordinary activities after taxation 577 483 547 385 1,992
Minority interests (2) (4) – – (6)
Profit for the financial period 575 479 547 385 1,986
Earnings per share 9.2p 7.6p 8.7p 6.1p 31.6p
(a) including redundancy charges 22 101 60 238 421