BT 1999 Annual Report Download - page 25

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24
1995 1996 1997 1998 1999
£m £m £m £m £m
))))))))%!!!0000000511
Profit and loss account
Total turnover – ongoing activities 13,900 14,470 15,021 16,039 18,223
Total turnover – discontinued activities 958 2,066 2,358 1,372 –
000000005!!!0000000511
Total turnover, including discontinued activities 14,858 16,536 17,379 17,411 18,223
Group’s share of associates’ and joint ventures’ turnover (965) (2,090) (2,444) (1,771) (1,270)
000000005!!!0000000511
Group turnover – ongoing activities 13,893 14,446 14,935 15,640 16,953
Other operating income (a) 129 103 106 372 168
Operating costs (b)(c) (11,359) (11,449) (11,796) (12,355) (13,305)
000000005!!!0000000511
Group operating profit 2,663 3,100 3,245 3,657 3,816
Group’s share of operating profit (loss) of associates and
joint ventures 107 101 184 (196) (342)
000000005!!!0000000511
Total operating profit:
Ongoing activities 2,676 3,081 3,209 3,436 3,474
Discontinued activities 94 120 220 25 –
2,770 3,201 3,429 3,461 3,474
Profit on sale of fixed asset investments and
group undertakings (d) 241 7 8 63 1,107
Net interest payable (270) (189) (174) (310) (286)
Premium on repurchase of bonds (75) – (60) – –
000000005!!!0000000511
Profit on ordinary activities before taxation 2,666 3,019 3,203 3,214 4,295
Tax on profit on ordinary activities:
Corporation and similar taxes (926) (1,027) (1,102) (977) (1,293)
Windfall tax – – – (510) –
000000005!!!0000000511
Profit on ordinary activities after taxation 1,740 1,992 2,101 1,727 3,002
Minority interests (9) (6) (24) (25) (19)
000000005!!!0000000511
Profit for the financial year 1,731 1,986 2,077 1,702 2,983
000000005!!!0000000511
Basic earnings per share 27.8p 31.6p 32.8p 26.6p 46.3p
Basic earnings per share before exceptional items 27.8p 31.6p 32.8p 31.7p 34.7p
Diluted earnings per share 27.2p 31.0p 32.2p 26.2p 45.3p
Diluted earnings per share before exceptional items 27.2p 31.0p 32.2p 31.2p 34.0p
Dividends per share (including 1997 special dividend of 35p) 17.7p 18.7p 54.85p 19.0p 20.4p
000000005!!!0000000511
(a) Including MCI merger break-up fee net of expenses in 1998 – – – 238 –
(b) Including redundancy charges 820 421 367 106 124
(c) Including exceptional costs relating to the
(c) disengagement from MCI – – – – 69
(d) Including gain on MCI shares sold in 1999 – – – – 1,133
000000005!!!0000000511
Figures for the years ended 31 March 1995 to 31 March 1998 have been restated for the changes in accounting policy and
presentation summarised on page 66.
Five year financial summary
YEARS ENDED 31 MARCH