BT 1999 Annual Report Download - page 26

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25
FIVE YEAR FINANCIAL SUMMARY
1995 1996 1997 1998 1999
£m £m £m £m £m
))))))))%!!!0000000511
Cash flow statement
YEARS ENDED 31 MARCH
Cash flow from operating activities 5,114 5,829 6,185 6,071 6,035
Dividends from associates and joint ventures 5 5 7 5 2
Returns on investments and servicing of finance (348) (150) (220) (160) (328)
Taxation (1,175) (784) (1,045) (1,886) (630)
Capital expenditure and financial investment (2,535) (2,500) (2,820) (3,108) 1,046
Acquisitions and disposals (2,260) (132) (252) (1,501) (1,967)
Equity dividends paid (1,065) (1,138) (1,217) (3,473) (1,186)
000000005!!!0000000511
Cash inflow (outflow) before management of liquid resources
and financing (2,264) 1,130 638 (4,052) 2,972
Management of liquid resources 2,557 (1,317) (504) 2,247 (2,447)
Financing (207) 215 (224) 1,794 (458)
000000005!!!0000000511
Increase (decrease) in cash for the year 86 28 (90) (11) 67
000000005!!!0000000511
Decrease (increase) in net debt for the year (2,146) 1,319 849 (3,860) 3,146
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.
Balance sheet
AT 31 MARCH
Intangible fixed assets – – – – 742
Tangible fixed assets 16,012 16,496 16,802 17,252 17,854
Fixed asset investments 1,082 1,057 1,273 1,708 1,832
Net current liabilities (725) (106) (2,667) (2,637) (495)
000000005!!!0000000511
Total assets less current liabilities 16,369 17,447 15,408 16,323 19,933
Loans and other borrowings falling due after one year (3,361) (3,322) (2,693) (3,889) (3,386)
Provisions for liabilities and charges (879) (1,267) (1,391) (1,426) (1,391)
Minority interests (132) (180) (208) (223) (216)
000000005!!!0000000511
Total assets less liabilities 11,997 12,678 11,116 10,785 14,940
000000005!!!0000000511
Total equity shareholders’ funds 11,997 12,678 11,116 10,785 14,940
000000005!!!0000000511
Total assets 21,459 23,536 25,062 23,285 27,962
000000005!!!0000000511
US GAAP
YEARS ENDED 31 MARCH
Income before taxes 2,580 2,774 3,326 2,791 3,745
Net income 1,744 1,806 2,149 1,447 2,589
000000005!!!0000000511
Basic earnings per ordinary share 28.0p 28.8p 33.9p 22.7p 40.2p
Diluted earnings per ordinary share 27.6p 28.4p 33.6p 22.3p 39.3p
Basic earnings per ADS £2.80 £2.88 £3.39 £2.27 £4.02
Diluted earnings per ADS £2.76 £2.84 £3.36 £2.23 £3.93
000000005!!!0000000511
AT 31 MARCH
Total assets 23,879 26,183 27,239 27,951 29,323
Ordinary shareholders’ equity 12,185 13,010 11,588 12,615 13,674
000000005!!!0000000511