BT 2014 Annual Report Download - page 192
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189
Additional information
Additional information
Financial and operational statistics
Financial statistics
Year ended 31 March
2014
£m
2013
£m
2012
£m
2011
£m
2010
£m
Increase (decrease) in underlying revenue excluding transita,c 0.5% (3.1)% (1.9)% (3.0)% (2.9)%
Adjusted EBITDAa,b,c 6,116 6,143 6,034 5,858 5,622
Free cash Ʈowc
Normalised 2,450 2,300 2,307 2,076 2,032
Reported 2,171 2,292 2,318 2,011 1,933
Net debt at 31 Marchc7,028 7,797 9,082 8,816 9,283
Operating costs excluding depreciation and amortisationa,b 12,171 12,196 13,363 14,316 15,389
Expenditure on research and development
Research and development operating expense 257 279 285 389 444
Capitalised software development costs 273 265 275 295 345
Total 530 544 560 684 789
Capital expenditure
Additions to property, plant and equipment comprised
Land and buildings 44 42 37 20 29
Network infrastructure
Transmission equipment 1,126 1,170 1,121 985 902
Exchange equipment 24 32 46 43 29
Other network equipment 657 660 794 851 753
Other
Computers and oce equipment 112 80 95 92 115
Motor vehicles and other 824 43 87 33
Total additions to property, plant and equipment 1,971 2,008 2,136 2,078 1,861
(Decrease) increase in engineering stores (5) (9) (1) 12 43
1,966 1,999 2,135 2,090 1,904
Software additions 506 454 459 500 629
Total capital expenditure before government grants 2,472 2,453 2,594 2,590 2,533
Government grants (126) (15) –––
Capital expenditure net of government grants 2,346 2,438 2,594 2,590 2,533
Increase (decrease) in payables 10 43 (16) 55 (24)
Cash outƮow from capital expenditure before purchases of telecommunications licences 2,356 2,481 2,578 2,645 2,509
Purchases of telecommunications licences –202 –––
Cash outƮow from total capital expenditure 2,356 2,683 2,578 2,645 2,509
a Restated, see note 1 to the consolidated Ƭnancial statements.
b Before speciƬc items.
c DeƬned on pages 184 to 186.