BT 2006 Annual Report Download - page 25

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Summary of group income statement – UK GAAP
Year ended 31 March
2005
£m
2004
£m
2003
£m
2002
£m
Total turnover:
Continuing activities 19,031 18,914 20,182 21,815
Discontinued activities –––2,827
19,031 18,914 20,182 24,642
Group’s share of associates’ and joint ventures’ turnover (408) (395) (1,455) (4,764)
Trading between group and principal joint venture –––681
Group turnover:
Continuing activities 18,623 18,519 18,727 18,447
Discontinued activities –––2,112
18,623 18,519 18,727 20,559
Other operating income 171 177 215 362
Operating costs
ab
(16,005) (15,826) (16,366) (21,387)
Group operating profit (loss):
Before goodwill amortisation and exceptional items 2,864 2,889 2,794 2,593
Goodwill amortisation and exceptional items (75) (19) (218) (3,059)
2,789 2,870 2,576 (466)
Group’s share of operating (loss) profit of associates and
joint ventures
c
(25) (34) 329 (1,381)
Total operating profit (loss):
Continuing activities 2,764 2,836 2,905 (1,476)
Discontinued activities –––(371)
2,764 2,836 2,905 (1,847)
Profit on sale of fixed asset investments and group undertakings 358 36 1,696 4,389
Profit on sale of property fixed assets 22 14 11 1,089
Amounts written off investments –––(535)
Net interest payable
d
(801) (941) (1,439) (1,622)
Profit on ordinary activities before taxation:
Before goodwill amortisation and exceptional items 2,085 2,013 1,840 1,126
Goodwill amortisation and exceptional items 258 (68) 1,333 348
2,343 1,945 3,173 1,474
Tax on profit on ordinary activities
e
(523) (539) (459) (443)
Profit on ordinary activities after taxation 1,820 1,406 2,714 1,031
Minority interests 1 8 (12) (23)
Profit for the year 1,821 1,414 2,702 1,008
Average number of shares used in basic earnings per share (millions) 8,524 8,621 8,616 8,307
Basic earnings per share 21.4p 16.4p 31.4p 12.1p
Diluted earnings per share 21.2p 16.3p 31.2p 12.0p
Basic earnings (loss) per share from continuing activities 21.4p 16.4p 31.4p (34.6)p
Diluted earnings (loss) per share from continuing activities 21.2p 16.3p 31.2p (34.6)p
Dividends per share 10.4p 8.5p 6.5p 2.0p
Dividends per share, cents
f
19.5c 15.3c 10.3c 3.1c
Basic earnings per share before goodwill amortisation and exceptional items 18.1p 16.9p 14.4p 6.2p
Diluted earnings per share before goodwill amortisation and exceptional items 18.0p 16.8p 14.3p 6.2p
Basic earnings per share before goodwill amortisation and exceptional items on
continuing activities 18.1p 16.9p 14.4p 9.0p
aIncludes net exceptional costs 59 7 198 2,707
bIncludes early leaver costs 166 202 276 252
cIncludes exceptional costs (release) 25 26 (150) 1,294
dIncludes exceptional costs – 55 293 162
eIncludes exceptional tax credit (16) (29) (139) (143)
fBased on actual dividends paid and/or year end exchange rate on
proposed dividends
Operating and financial review BT Group plc Annual Report and Form 20-F 2006 23