BT 2015 Annual Report Download - page 86
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Please find page 86 of the 2015 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.84 BT Group plc
Annual Report 2015
Dividends
he oard is proposin a final dividend to shareholders of .p up 1.
his brins the full ear dividend to 1.p up 1 and copares with
an increase in the 011 full ear dividend of 1.
his ears dividend is at the upper end of our outloo rane reectin
our stron financial perforance this ear. t will be paid subect to
shareholder approval on epteber 01 to shareholders on the
reister on 1 uust 01.
2013 2014 2015
pence
Dividends per share
Year ended 31 March
Final
Interim
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
3.0
3.4 7.5 10.9
3.9 8.5 12.4
6.5 9.5
15%
14%
ur polic is to pa a proressive dividend.
e have set out our dividend epectations for 011 in our utloo
on pae 0.
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e enerated noralised free cash ow of 0 up 0 or
1 and hiher than our outloo of above .bn.
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he increase in noralised free cash ow reects favourable worin
capital oveents includin the tiin of port prorae rihts
paents in the prior ear rowth in lower ordinar pension
contributions and lower ta and interest paents. hese were partl
oset b hiher net cash capital ependiture due to the tiin of rant
fundin cash receipts. onsuer delivered a particularl stron cash
ow perforance this ear.
e secured reier eaue football rihts for a further three ears
and we paid a deposit of 9. e also paid a further 0 for our
eistin reier eaue football broadcast rihts.
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ear ended 1 arch
efore specific ites
2015
01
01
1 11 1
apital ependiturea11
Interest 0 9
aationb1
orin capital oveents 0 0 1
ther non-cash and non-current
liabilities oveents 1 9
1RUPDOLVHGIUHHFDVKƮRZ 2,830 2,450 2,300
urchases of telecounications
licences 0
ash ta benefit of pension deficit
payments 10 0
pecific ites 1
5HSRUWHGIUHHFDVKƮRZ 2,782 2,171 2,292
ension deficit paents
ividends 9
isposals and acuisitions 10 222
hare bubac prorae 0 0 0
roceeds fro issue of own shares 101 109
Reduction in net debt from
cash ows 1 19 11
et debt at 1 pril 0 9 90
Reduction in net debt from
cash ows 1 19 11
on-cash oveents 0
1HWGHEWDW0DUFK (5,119) (7,028) (7,797)
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b ([FOXGLQJFDVKWD[EHQHƬWRISHQVLRQGHƬFLWSD\PHQWV
he net cash cost of specific ites was 1 011
ainl coprisin restructurin costs of 011
ladder pricin receipts of 011 nil and a net propert
rationalisation benefit of 1 011 cost of .
ast ear the cash cost of specific ites included paents of 19
relatin to the acuisition of s UK and reland channels business
and 1 relatin to clais aainst which we have provisions.