BT 2009 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 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
75BT GROUP PLC ANNUAL REPORT & FORM 20-F
76 STATEMENT OF DIRECTORS’ RESPONSIBILITIES
77 REPORT OF THE INDEPENDENT AUDITORS –
CONSOLIDATED FINANCIAL STATEMENTS
77 United Kingdom opinion
78 United States opinion
79 CONSOLIDATED FINANCIAL STATEMENTS
79 ACCOUNTING POLICIES
88 GROUP INCOME STATEMENT
89 GROUP STATEMENT OF RECOGNISED INCOME
AND EXPENSE
90 GROUP CASH FLOW STATEMENT
91 GROUP BALANCE SHEET
92 NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS
92 Segmental analysis
95 Other operating income
96 Operating costs
97 Specific items
98 Finance expense and finance income
98 Dividends
99 Taxation
100 Earnings per share
102 Cash and cash equivalents
103 Net debt
104 Intangible assets
106 Property, plant and equipment
107 Investments
108 Associates and joint ventures
108 Trade and other receivables
110 Loans and other borrowings
111 Derivative financial instruments
112 Trade and other payables
113 Provisions
113 Deferred taxation
114 Minority interests
114 Reconciliation of movements in equity
115 Share capital
115 Other reserves
116 Retained earnings
116 Related party transactions
117 Financial commitments and contingent
liabilities
118 Acquisitions
121 Retirement benefit plans
126 Employees
126 Share based payments
129 Audit and non-audit services
130 Financial instruments and risk management
FINANCIAL STATEMENTS
The group’s consolidated financial statements have been prepared in accordance with
applicable law and International Financial Reporting Standards (IFRS) as adopted by
the European Union (EU) and as issued by the International Accounting Standards
Board (IASB).
136 GLOSSARY OF TERMS AND US EQUIVALENTS
137 REPORT OF THE INDEPENDENT AUDITORS –
PARENT COMPANY
138 FINANCIAL STATEMENTS OF BT GROUP PLC
141 SUBSIDIARY UNDERTAKINGS AND ASSOCIATE
142 QUARTERLY ANALYSIS OF REVENUE AND
PROFIT
143 SELECTED FINANCIAL DATA
145 FINANCIAL STATISTICS
146 OPERATIONAL STATISTICS
ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW