BT 2009 Annual Report Download - page 145

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
143BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
SELECTED FINANCIAL DATA
The group’s consolidated financial statements for 2009, 2008, 2007, 2006 and 2005 were prepared in accordance with IFRS as issued by
the IASB and IFRS as adopted by the EU.
Summary of group income statement
2009 2008 2007 2006 2005
Year ended 31 March £m £m £m £m £m
Revenue 21,390 20,704 20,223 19,514 18,429
Other operating income 339 349 233 227 551
Operating costs (21,318) (18,697) (17,915) (17,246) (15,988)
Operating profit
Before specific itemsa819 2,895 2,713 2,633 2,693
Specific itemsa(408) (539) (172) (138) 299
411 2,356 2,541 2,495 2,992
Net finance expense
Net finance expense before specific itemsa(620) (378) (233) (472) (599)
Specific itemsa––139––
(620) (378) (94) (472) (599)
Share of post tax profits (losses) of associates and joint ventures
Before specific itemsa39 (11) 15 16 (39)
Specific itemsa36––––
75 (11) 15 16 (39)
Profit on disposal of associates and joint ventures – specific itemsa–9221–
(Loss) profit before taxation and specific items
Before specific itemsa238 2,506 2,495 2,177 2,080
Specific itemsa(372) (530) (11) (137) 274
(134) 1,976 2,484 2,040 2,354
Taxation
Before specific itemsa10 (581) (611) (533) (541)
Specific itemsa43 343 979 41 16
53 (238) 368 (492) (525)
(Loss)profit for the year
Before specific itemsa248 1,925 1,884 1,644 1,539
Specific itemsa(329) (187) 968 (96) 290
(81) 1,738 2,852 1,548 1,829
Year ended 31 March 2009 2008 2007 2006 2005
Average number of shares used in basic earnings per share (millions) 7,724 8,066 8,293 8,422 8,524
Average number of shares used in diluted earnings per share (millions) 7,771 8,223 8,479 8,537 8,581
Basic (loss) earnings per share (1.1)p 21.5p 34.4p 18.4p 21.5p
Diluted (loss) earnings per share (1.1)p 21.1p 33.6p 18.1p 21.3p
Dividends per sharec6.5p 15.8p 15.1p 11.9p 10.4p
Dividends per share, centsb,c 9.3c 31.4c 29.7c 20.7c 19.5c
aA definition of specific items is provided in the accounting policies section on page 79. The directors believe these measures provide a more meaningful analysis of the trading results of the group and are
consistent with the way the financial performance is measured by management.
bBased on actual dividends paid and/or year end exchange rate on proposed dividends.
cDividends per share represents the dividend proposed in respect of the relevant financial year. Under IFRS, dividends are recognised as a deduction from shareholders’ equity when they are paid.
The following table reconciles (loss) profit before taxation to adjusted profit before taxation,dan additional non-GAAP measure used in 2009.
(Loss) profit before taxation (134) 1,976 2,484 2,040 2,354
Contract and financial review charges 1,639 – –
Specific items 372 530 11 137 (274)
Adjusted profit before taxationd1,877 2,506 2,495 2,177 2,080
Adjusted basic earnings per shared18.4p 23.9p 22.7p 19.5p 18.1p
Adjusted diluted earnings per shared18.4p 23.4p 22.2p 19.2p 17.9p
dAdjusted results refer to the results before the contract and financial review charges recorded within BT Global Services and specific items and are ‘non-GAAP measures’ provided in addition to the disclosure
requirements defined under IFRS. The rationale for using non-GAAP measures is explained on pages 33, 47 and 48.