BT 2014 Annual Report Download - page 11

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6Overview
a &ertain resuOts for the \ears enGinJ 31 0arch 2013 anG 2012 haYe been restateG 6ee note 1
to{the consoOiGateG ƬnanciaO statements on paJe 127 for further GetaiOs
b ,tems presenteG as aGjusteG are stateG before speciƬc items 6ee paJe 128 for further GetaiOs
c %efore Gepreciation anG amortisation
G 6ee GeƬnition on paJe 185
5p
10p
15%
2014
2013
hange
Proposed full year dividend
Year ended 31 March
Financial highlights
263p
282p
7%
2013a
hange
Adjusted earnings per shareb
Year ended 31 March
2014
Revenue
Year ended 31 March
2013a
2012a2014
17,000
17,500
18,000
18,500
19,000
19,500
£m
reported 5% 1%
0%
adjusted
b
5%
20142013
19,397
18,103
18,339
18,287
18,287
18,987
Operating costsc
Year ended 31 March
2013
a
2012
a
2014
11,000
11,500
12,000
12,500
13,000
13,500
£m
reported 6% 1%
0%
adjusted
b
9%
20142013
13,363
12,312
12,196
12,447
12,171
13,126
Free cash Ʈow
Year ended 31 March
20132012 2014
2,000
2,100
2,200
2,300
2,400
2,500
£m
reported 1% 5%
7%
normalised
d
0%
2014
2013
2,307
2,318
2,292
2,300
2,171
2,450
External revenue by line of business
39%
BT Global
Services
10%
Openreach
28%
Openreach
(including internal)
13%
BT
Wholesale
22%
BT Consumer
16%
BT Business
Year ended 31 March 2014
See page 30 for commentary on relative
contributions by each line of business
Adjusted EBITDA by line of businessb
15%
BT Global
Services
18%
BT
Business
14%
BT Consumer
43%
Openreach
10%
BT Wholesale
Year ended 31 March 2014
EBITDA
Year ended 31 March
2013
a
2012
a
2014
5,600
5,700
5,800
5,900
6,000
6,200
6,100
£m
reported 1% 1%
0%
adjusted
b
2%
20142013
6,034
5,861
5,791
6,143
5,840
6,116
Net debt
At 31 March
20132012 2014
0
2,000
4,000
6,000
8,000
10,000
£m
9,082
7,797
7,028