BT 2009 Annual Report Download - page 142

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS FINANCIAL STATEMENTS OF BT GROUP PLC
140 BT GROUP PLC ANNUAL REPORT & FORM 20-F
BT Group plc company balance sheet continued
Capital Profit
Share Share premium redemption Treasury and loss
capitalaaccountbreserve reservecaccountc,d Total
£m £m £m £m £m £m
At 1 April 2007 432 31 2 (884) 10,597 10,178
Profit for the financial year – – – – 3,497 3,497
Dividends paid – – – – (1,241) (1,241)
Capital contribution in respect of share
based payments – – – – 73 73
Net purchase of treasury shares – – – (1,529) – (1,529)
Cancellation of shares (13) – 13 570 (570) –
Arising on share issues 1 31–––32
At 1 April 2008 420 62 15 (1,843) 12,356 11,010
Profit for the financial year – – – – 502 502
Dividends paid – – – – (1,222) (1,222)
Capital contribution in respect of share
based payments – – – – 31 31
Net purchase of treasury shares – – – (63) – (63)
Cancellation of shares (12) – 12 797 (797) –
At 31 March 2009 408 62 27 (1,109) 10,870 10,258
aThe authorised share capital of the company throughout 2009 and 2008 was £13,463m, representing 269,260,253,468 ordinary shares of 5p each. The allotted, called up and fully paid ordinary share
capital of the company at 31 March 2009 was £408m (2008: £420m), representing 8,151,227,029 ordinary shares of 5p each (2008: 8,401,227,029). Of the authorised but unissued share capital at
31 March 2009, nil ordinary shares (2008: 21m) were reserved to meet options granted under employee share option schemes.
bThe share premium account, representing the premium on allotment of shares, is not available for distribution. The movement in share premium arose, in 2008, from shares issued in consideration for the
acquisition of Net 2S SA (a company which changed its name to BT Services SA on 1 April 2009), and from the excess of proceeds received on the exercise of share options versus the cost of treasury shares
issued to satisfy those exercises.
cDuring 2009, the company repurchased 142,608,225 (2008: 539,657,691) of its own shares of 5p each, representing 2% (2008: 6%) of the called-up share capital, for consideration (including transaction
costs) of £189m (2008: £1,626m). In addition, 90,626,518 shares (2008: 53,250,144) were issued from treasury to satisfy obligations under employee share schemes and executive share awards at a cost of
£126m (2008: £97m), and 250,000,000 treasury shares (2008: 250,000,000) were cancelled at a cost of £797m (2008: £570m). At 31 March 2009, 409,226,885 shares (2008: 607,285,178) with an
aggregate nominal value of £20m (2008: £30m) are held as treasury shares at cost.
dThe profit for the financial year, dealt with in the profit and loss account of the company and after taking into account dividends from subsidiary undertakings, was £502m (2008: £3,497m). As permitted by
Section 230 of the Companies Act 1985, no profit and loss account of the company is presented.
FINANCIAL STATEMENTS