BT 2009 Annual Report Download - page 147

Download and view the complete annual report

Please find page 147 of the 2009 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 170

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170

ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
145BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
FINANCIAL STATISTICS
2009 2008 2007 2006 2005
Financial ratios
Adjusted basic earnings per share – pencea18.4 23.9 22.7 19.5 18.1
Reported basic (loss) earnings per share – pence (1.1) 21.5 34.4 18.4 21.5
Adjusted return on capital employed (unaudited)a, b 15.1 17.7 17.6 18.1 18.2
Reported return on capital employed (unaudited)b2.9 14.4 16.5 17.1 20.0
Adjusted interest cover before net pension finance incomec
– times (unaudited) 2.6 3.6 4.2 3.6 3.4
Reported interest coverd– times (unaudited)d0.7 6.2 27.0 5.3 5.0
2009 2008 2007 2006 2005
£m £m £m £m £m
Expenditure on research and development
Research and development expense 590 532 378 326 257
Amortisation of internally developed computer software 431 325 314 161 95
Total 1,021 857 692 487 352
2009 2008 2007 2006 2005
£m £m £m £m £m
Expenditure on property, plant and equipment and software
Plant and equipment
Transmission equipment 1,067 1,117 1,209 1,429 1,488
Exchange equipment 44 83 118 80 143
Other network equipment 899 1,060 854 727 648
Computers and office equipment 140 181 149 138 187
Motor vehicles and other 912 876 877 715 474
Land and buildings 23 33 61 68 64
3,085 3,350 3,268 3,157 3,004
Increase (decrease) in engineering stores 3 (11) (21) (15) 7
Total expenditure on property, plant and equipment 3,088 3,339 3,247 3,142 3,011
(Decrease) increase in payables (6) (24) 51 (202) 45
Cash outflow on purchase of property, plant and equipment
and software 3,082 3,315 3,298 2,940 3,056
aAdjusted results refer to the results excluding the contract and financial review charges recorded within BT Global Services and specific items.
bThe ratio is based on profit before taxation and net finance expense to average capital employed. Capital employed is represented by total assets less current liabilities (excluding corporation tax, current
borrowings, derivative financial liabilities and finance lease creditors) less deferred tax assets, cash and cash equivalents, derivative financial assets and investments.
cThe number of times net finance expense before net pension finance income is covered by adjusted operating profit.
dThe number of times net finance expense is covered by total operating profit.