BT 1998 Annual Report Download - page 80

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Quarters 1st 2nd 3rd 4th Total
£m £m £m £m £m
))))))))%!!!0111!!!0111!!!0111!!!0111!!!0111
Turnover 3,798 3,951 3,939 3,952 15,640
Other operating income (a) 25 26 279 42 372
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Operating profit (b) 891 813 1,149 804 3,657
Group’s share of profits (losses) of associated undertakings 6 (91) (90) (77) (252)
Profit (loss) on sale of group undertakings 20 (2) 45 – 63
Interest receivable 59 72 20 14 165
Interest payable (95) (104) (105) (110) (414)
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Profit on ordinary activities before taxation 881 688 1,019 631 3,219
Tax on profit on ordinary activities:
Corporation and similar taxes (278) (216) (285) (199) (978)
Windfall tax – (510) – – (510)
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Profit (loss) on ordinary activities after taxation 603 (38) 734 432 1,731
Minority interests (4) 6 (14) (13) (25)
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Profit (loss) for the financial period 599 (32) 720 419 1,706
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Earnings (loss) per share 9.4p (0.5p) 11.2p 6.5p 26.7p
Earnings per share before exceptional items 9.4p 7.5p 8.3p 6.5p 31.7p
Fully diluted earnings per share 9.2p n/a 11.0p 6.5p 26.3p
Fully diluted earnings per share before
exceptional items 9.2p 7.3p 8.2p 6.5p 31.2p
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
(a) Including MCI merger break up fee net of expenses – – 238 – 238
(b) Including redundancy charges 16 1 15 74 106
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( UN A UD I T ED ) Y E A R E NDE D 3 1 M A R C H 1 9 9 7
Quarters 1st 2nd 3rd 4th Total
£m £m £m £m £m
))))))))%!!!0111!!!0111!!!0111!!!0111!!!0111
Turnover 3,641 3,725 3,763 3,806 14,935
Other operating income 34 17 31 24 106
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Operating profit (a) 870 770 910 695 3,245
Group’s share of profits of associated undertakings 38 44 27 30 139
Profit on sale of group undertakings 4 – 4 – 8
Interest receivable 44 60 53 49 206
Interest payable (87) (84) (85) (79) (335)
Premium on repurchase of bonds – (60) – – (60)
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Profit on ordinary activities before taxation 869 730 909 695 3,203
Tax on profit on ordinary activities (296) (261) (309) (236) (1,102)
000000005!!!0111!!!0111!!!0111!!!0111!!!0111
Profit on ordinary activities after taxation 573 469 600 459 2,101
Minority interests (4) (8) (1) (11) (24)
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Profit for the financial period 569 461 599 448 2,077
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Earnings per share 9.0p 7.3p 9.4p 7.1p 32.8p
Fully diluted earnings per shar e 8.9p 7.2p 9.2p 6.9p 32.2p
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(a) Including redundancy charges 52 183 39 93 367
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Quarterly analysis of turnover and profıt
( UN A U DI T ED) Y E A R E N D ED 31 M A R C H 19 9 8