BT 2006 Annual Report Download - page 28

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The Financial review is divided into the following sections:
27 Introduction to the Financial review
28 Adoption of International Financial Reporting Standards
28 Summarised group income statement
29 Group results
31 Line of business results
31 BT Retail
32 BT Wholesale
33 BT Global Services
33 Other operating income
34 Operating costs
34 Specific items
34 Operating profit
35 Net finance expense
35 Associates and joint ventures
35 Profit before taxation
35 Taxation
35 Earnings per share
35 Dividends
36 Financing
36 Treasury policy
37 Off-balance sheet arrangements
37 Capital resources
37 Financial risk management
38 Capital expenditure
38 Acquisitions
38 Balance sheet
38 Return on capital employed
38 Pensions
38 Geographical information
38 Regulatory financial information
39 Regulation, competition and prices
39 Competition and the UK economy
39 Environment
39 Critical accounting policies
39 US GAAP
39 US GAAP developments
Please see cautionary statement regarding forward-looking
statements on page 133.
FINANCIAL REVIEW
BT Group plc Annual Report and Form 20-F 2006 Operating and financial review26