BT 2006 Annual Report Download - page 132

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UK GAAP 2005 2004 2003 2002
Financial ratios
Basic earnings per share on continuing activities before goodwill amortisation and
exceptional items – pence 18.1 16.9 14.4 9.0
Basic earnings (loss) per share on continuing activities – pence 21.4 16.4 31.4 (34.6)
Basic earning (loss) per share – pence 21.4 16.4 31.4 12.1
Return on capital employed
a
– % 15.5
c
15.1
c
15.5 6.6
Interest cover
b
– times 3.5
d
3.0
d
2.0 0.6
2005 2004 2003 2002
£m £m £m £m
Expenditure on research and development
Total expenditure 257 334 380 362
2005 2004 2003 2002
£m £m £m £m
Expenditure on property plant and equipment and software
Plant and equipment
Transmission equipment 1,488 1,324 1,277 1,373
Exchange equipment 143 150 228 428
Other network equipment 648 585 466 694
Computers and office equipment 312 205 281 273
Motor vehicles and other 349 316 162 189
Land and buildings 64 73 40 153
3,004 2,653 2,454 3,110
Increase (decrease) in engineering stores 7 20 (9) (10)
Total continuing activities 3,011 2,673 2,445 3,100
Total discontinued activities –––808
Total expenditure on property plant and equipment 3,011 2,673 2,445 3,908
(Increase) decrease in payables 45 11 135 161
Cash outflow on purchase of property plant and equipment and software 3,056 2,684 2,580 4,069
aThe ratio is based on profit before tax, goodwill amortisation and interest on long-term borrowings, to average capital employed.
bThe number of times net interest payable is covered by total operating profit before goodwill amortisation.
cReturn on capital employed before goodwill amortisation and exceptional items was 16.0% (2004 – 15.3%)
dInterest cover before goodwill amortisation and exceptional items was 3.6 times (2004 – 3.3 times)
FINANCIAL STATISTICS
Years ended 31 March
BT Group plc Annual Report and Form 20-F 2006 Financial statistics130