BT 1998 Annual Report Download - page 48

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1998 1997 1996
Notes £m £m £m
))))))))))!!!!0111!!!01111110051111
Turnover 115,640 14,935 14,446
Other operating income (a) 2372 106 103
Operating costs (b) 3(12,355) (11,796) (11,449)
00000000001!!!0111!!!01111110051111
Operating profit 3,657 3,245 3,100
Group’s share of profits (losses) of associated undertakings (252) 139 82
Profit on sale of group undertakings 463 8 7
Interest receivable 5165 206 201
Interest payable 6(414) (335) (371)
Premium on repurchase of bonds 7–(60) –
00000000001!!!0111!!!01111110051111
Profit on ordinary activities before taxation 3,219 3,203 3,019
Tax on profit on ordinary activities: 8
Corporation and similar taxes (978) (1,102) (1,027)
Windfall tax (510) – –
(1,488) (1,102) (1,027)
00000000001!!!0111!!!01111110051111
Profit on ordinary activities after taxation 1,731 2,101 1,992
Minority interests (25) (24) (6)
00000000001!!!0111!!!01111110051111
Profit for the financial year 1,706 2,077 1,986
Dividends: 9
Ordinary (1,220) (1,266) (1,184)
Special –(2,244) –
(1,220) (3,510) (1,184)
00000000001!!!0111!!!01111110051111
Retained profit (transfer from reserves) for the financial year 23 486 (1,433) 802
00000000001!!!0111!!!01111110051111
Earnings per share 10 26.7p 32.8p 31.6p
Earnings per share before exceptional items 31.7p 32.8p 31.6p
Fully diluted earnings per share 26.3p 32.2p 31.0p
Fully diluted earnings per share before exceptional items 31.2p 32.2p 31.0p
00000000001!!!0111!!!01111110051111
(a) Including MCI merger break up fee net of expenses 238 – –
(b) Including redundancy charges 106 367 421
00000000001!!!0111!!!01111110051111
Group statement of total recognised gains and losses
F O R T H E Y E A R E N D E D 3 1 M A R CH 19 9 8
1998 1997 1996
£m £m £m
))))))))))))01111110051111
Profit for the financial year 1,706 2,077 1,986
Currency movements arising on consolidation of foreign subsidiary and
associated undertakings (74) (76) 42
00000000000511!!!01111110051111
Total recognised gains and losses 1,632 2,001 2,028
00000000000511!!!01111110051111
Group profıt and loss account
F OR T HE Y E A R E NDE D 3 1 M A R C H 1 9 9 8