BT 1999 Annual Report Download - page 63

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62
Before After
exceptional Exceptional exceptional
items items items
1999 1999 1999 1998 1997
Notes £m £m £m £m £m
))))))%!!!!!!!0111!!!0111!!!0111!!!01111110051111
Total turnover – ongoing activities 218,223 – 18,223 16,039 15,021
Total turnover – discontinued activities 2– – – 1,372 2,358
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Total turnover, including discontinued activities 218,223 – 18,223 17,411 17,379
Group’s share of joint ventures’ turnover 2(561) – (561) (147) (80)
Group’s share of associates’ turnover 2(709) – (709) (1,624) (2,364)
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Group turnover – ongoing activities 216,953 – 16,953 15,640 14,935
Other operating income (a) 3168 – 168 372 106
Operating costs 4(13,236) (69) (13,305) (12,355) (11,796)
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Group operating profit – ongoing activities 3,885 (69) 3,816 3,657 3,245
Group’s share of operating loss of joint ventures 5(342) – (342) (199) (36)
Group’s share of operating profit (loss) of associates 5– – – 3 220
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Total operating profit:
Ongoing activities 3,543 (69) 3,474 3,436 3,209
Discontinued activities – – – 25 220
3,543 (69) 3,474 3,461 3,429
Profit on sale of fixed asset investments 6– 1,107 1,107 – –
Profit on sale of group undertakings 6– – – 63 8
Interest receivable 7165 – 165 162 209
Interest payable 8(451) – (451) (472) (383)
Premium on repurchase of bonds 9– – – – (60)
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Profit on ordinary activities before taxation 3,257 1,038 4,295 3,214 3,203
Tax on profit on ordinary activities:
Corporation and similar taxes 10 (1,002) (291) (1,293) (977) (1,102)
Windfall tax 10 – – – (510) –
(1,002) (291) (1,293) (1,487) (1,102)
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Profit on ordinary activities after taxation 2,255 747 3,002 1,727 2,101
Minority interests 11 (19) – (19) (25) (24)
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Profit for the financial year 2,236 747 2,983 1,702 2,077
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Dividends:
Ordinary 12 (1,322) (1,216) (1,266)
Special 12 ––(2,244)
(1,322) (1,216) (3,510)
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Retained profit (transfer from reserves) for
the financial year 26 1,661 486 (1,433)
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Basic earnings per share 13 46.3p 26.6p 32.8p
Basic earnings per share before
exceptional items 13 34.7p 31.7p 32.8p
Diluted earnings per share 13 45.3p 26.2p 32.2p
Diluted earnings per share before
exceptional items 13 34.0p 31.2p 32.2p
00000511110!!!0111!!!0111!!!0111!!!01111110051111
(a) Including MCI break up fee net of expenses –238 –
00000511110!!!0111!!!0111!!!0111!!!01111110051111
Group profit and loss account
FOR THE YEAR ENDED 31 MARCH 1999