BT 1998 Annual Report Download - page 51

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1998 1997 1996
1. Turnover £m £m £m
))))))))))))01111110051111
Inland calls 4,924 4,874 4,882
International calls 1,553 1,809 1,980
Exchange line rentals 2,957 2,811 2,685
Private circuits 1,149 1,124 1,056
Mobile communications 1,089 949 856
Customer premises equipment supply 896 914 946
Yellow Pages and other directories 466 438 408
Other sales and services 2,606 2,016 1,633
00000000000511!!!01111110051111
Total turnover 15,640 14,935 14,446
00000000000511!!!01111110051111
The group provides telecommunication services, principally in the United Kingdom, essentially operating as a unitary business.
Its main services and products are local and national telephone calls in the United Kingdom, the provision of telephone exchange
lines to homes and businesses, international telephone calls made to and from the United Kingdom, the provision of private
circuits to businesses, the supply of mobile communication services and equipment to businesses and individuals and the supply
of telecommunication equipment for customers’ premises.
Turnover included income from UK and overseas telecommunications operators of £1,269m (1997 – £1,165m, 1996 – £1,166m).
Approximately 4% (1997 – 3%, 1996 – 2%) of total operating revenues arose from operations outside the United Kingdom. There
were no discontinued operations or acquisitions in the years ended 31 March 1996, 1997 and 1998 that require disclosure under
Financial Reporting Standard 3.
Unaudited information concerning the group’s classified directory business in the UK is shown on page 83 of this annual report.
1998 1997 1996
2. Other operating income £m £m £m
))))))))))))01111110051111
Merger agreement break up fee (a) 273 – –
Merger expenses written off (35) – –
Other 134 106 103
00000000000511!!!01111110051111
Total other operating income 372 106 103
00000000000511!!!01111110051111
(a) The company received US$465 million on 12 November 1997 from WorldCom, Inc as a break up fee and partial reimbursement
of expenses (“the MCI merger break up fee”) following the termination of the BT/MCI merger agreement on 9 November 1997
(note 15 (b)).
Notes to the fınancial statements