BT 2014 Annual Report Download - page 139

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136 Financial statements
Year ended 31 March 2012 (Restateda)
BT Global
Services
£m
BT Business
£m
BT Consumer
£m
BT Wholesale
£m
Openreach
£m
Other
£m
Total
£m
Segment revenue 7,812 3,594 3,925 2,943 5,187 66 23,527
Internal revenue –(547) (16) –(3,564) (3) (4,130)
Revenue from external customersb7,812 3,047 3,909 2,943 1,623 63 19,397
EBITDAc835 1,037 882 667 2,618 (5) 6,034
Depreciation and amortisation (701) (248) (252) (259) (1,416) (96) (2,972)
Operating proƬt (loss)) b134 789 630 408 1,202 (101) 3,062
Specic items (note 8) (173)
Operating proƬt 2,889
Net nance expensed (779)
Share of post tax prot of associates and
joint ventures 10
ProƬt before tax 2,120
a Restated, see note 1.
b Before speciƬc items.
c EBITDA is stated before speciƬc items and is a non-GAAP measure provided in addition to the disclosure reTuirements deƬned under IFRS. The rationale for using non-GAAP measures is
explained on pages{184 to 186.
d Net Ƭnance expense includes speciƬc item expense of £235m 201213: £119m, 201112: £98m). See note 8.
Internal revenue and costs
Intra group revenue generated from the sale of regulated products and services is based on market price. Intra group revenue from the sale of
other products and services is agreed between the relevant lines of business and therefore line of business protability can be impacted by transfer
pricing levels.
BT Global Services and BT Wholesale do not generate internal revenue from the other lines of business. The majority of internal trading relates
to Openreach and arises on rentals, and any associated connection or migration charges, of the UK access lines and other network products to
the customer-facing lines of business. This occurs both directly, and also indirectly, through BT TSO which is included within the Other’ segment.
Internal revenue in BTBusiness relates primarily to BT Ireland and BT Enterprises. Internal revenue arising in BT Consumer relates primarily to
employee broadband and wi- services.
Internal cost recorded by
Year ended 31 March 2014
BT Global
Services
£m
BT Business
£m
BT Consumer
£m
BT Wholesale
£m
Openreach
£m
Other
£m
Total
£m
Internal revenue recorded by
BT Global Services – – – – – – –
BT Business 411 – 47 120 1 – 579
BT Consumer 13 18 – 3 – 15 49
BT Wholesale – – – – – – –
Openreach 198 333 1,021 275 – 1,412 3,239
Other – – 3 – 42 –45
Total 622 351 1,071 398 43 1,427 3,912
Internal cost recorded by
Year ended 31 March 2013 (Restateda)
BT Global
Services
£m
BT Business
£m
BT Consumer
£m
BT Wholesale
£m
Openreach
£m
Other
£m
Total
£m
Internal revenue recorded by
BT Global Services – – – – – – –
BT Business 386 – 55 110 3 25 579
BT Consumer 11 9 – 8 – 16 44
BT Wholesale – – – – – – –
Openreach 198 386 1,097 275 – 1,412 3,368
Other – – 5 – 21 –26
Total 595 395 1,157 393 24 1,453 4,017
a Restated, see note 1.
4. Segment information continued