BT 1999 Annual Report Download - page 84

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NOTES TO THE FINANCIAL STATEMENTS
83
Share Capital Profit
Share premium redemption Other and loss
26. Reconciliation of movement in capital account (a) reserve reserves account Total
shareholders’ funds £m £m £m £m £m £m
))))%!!!!!!)%!111110111111005111111101111110051111
Group
Balances at 31 March 1996 1,573 531 750 27 9,797 12,678
Goodwill, arising on acquisition of subsidiaries,
associates and joint ventures (b) – – – – (199) (199)
Goodwill, previously written off to reserves, taken
back to the profit and loss account – – – – 5 5
Employee share option schemes – 64 million shares
issued (note 31) 16 144 – – – 160
Currency movements (including £29 million net
gains in respect of foreign currency
borrowings) (c) – – – – (76) (76)
Profit for the financial year – – – – 2,077 2,077
Dividends (54.85p net per ordinary share) – – – – (3,510) (3,510)
Other movements – – – – (19) (19)
00005111051!!!111110111111005111111101111110051111
Balances at 31 March 1997 1,589 675 750 27 8,075 11,116
Goodwill, arising on acquisition of subsidiaries,
associates and joint ventures (b) – – – – (937) (937)
Goodwill, previously written off to reserves, taken
back to the profit and loss account – – – – 5 5
Employee share option schemes – 52 million shares
issued (note 31) 13 217 – – – 230
Movement relating to BT’s employee share ownership trust (d) – – – – (85) (85)
Currency movements (including £31 million net
gains in respect of foreign currency
borrowings) (c) – – – – (74) (74)
Profit for the financial year – – – – 1,702 1,702
Dividends (19.0p net per ordinary share) – – – – (1,216) (1,216)
Scrip dividend – 4 million shares issued (note 25) 1 – (1) – 18 18
Other movements – – – – 26 26
00005111051!!!111110111111005111111101111110051111
Balances at 31 March 1998 1,603 892 749 27 7,514 10,785
Goodwill, previously written off to reserves, taken
back to the profit and loss account (note 6) – – – – 2,214 2,214
Employee share option schemes – 50 million shares
issued (d) (note 31) 12 314 – – – 326
Movement relating to BT’s employee share ownership trust (d) – – – – (165) (165)
Currency movements (including £22 million net
losses in respect of foreign currency
borrowings) (c) – – – – 45 45
Profit for the financial year – – – – 2,983 2,983
Dividends (20.4p net per ordinary share) – – – – (1,322) (1,322)
Scrip dividend – 8 million shares issued (note 25) 2 – (2) – 74 74
00005111051!!!111110111111005111111101111110051111
Balances at 31 March 1999 1,617 1,206 747 27 11,343 14,940
00005111051!!!111110111111005111111101111110051111