BT 2000 Annual Report Download - page 26

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Five-year financial summary
Annual report and Form 20-F 25
Pro®t and loss account
Years ended 31 March
1996
£m
1997
£m
1998
£m
1999
£m
2000
£m
Total turnover ± ongoing activities 14,470 15,021 16,039 18,223 21,903
± discontinued activities 2,066 2,358 1,372 ± ±
Total turnover, including discontinued activities 16,536 17,379 17,411 18,223 21,903
Group's share of associates' and joint ventures' turnover (2,090) (2,444) (1,771) (1,270) (3,364)
Trading between group and principal joint venture ± ± ± ± 176
Group turnover ± ongoing activities 14,446 14,935 15,640 16,953 18,715
Other operating income (a) 103 106 372 168 242
Operating costs (b)(c)(d) (11,449) (11,796) (12,355) (13,305) (15,359)
Group operating pro®t 3,100 3,245 3,657 3,816 3,598
Group's share of operating pro®t (loss) of associates and joint ventures 101 184 (196) (342) (400)
Total operating pro®t:
Ongoing activities 3,081 3,209 3,436 3,474 3,198
Discontinued activities 120 220 25 ± ±
3,201 3,429 3,461 3,474 3,198
Pro®t on sale of ®xed asset investments and group undertakings (e) 7 8 63 1,107 126
Net interest payable (189) (174) (310) (286) (382)
Premium on repurchase of bonds ± (60) ± ± ±
Pro®t on ordinary activities before taxation 3,019 3,203 3,214 4,295 2,942
Tax on pro®t on ordinary activities:
Corporation and similar taxes (1,027) (1,102) (977) (1,293) (897)
Windfall tax ± ± (510) ± ±
Pro®t on ordinary activities after taxation 1,992 2,101 1,727 3,002 2,045
Minority interests (6) (24) (25) (19) 10
Pro®t for the ®nancial year 1,986 2,077 1,702 2,983 2,055
Basic earnings per share 31.6p 32.8p 26.6p 46.3p 31.7p
Diluted earnings per share 31.0p 32.2p 26.2p 45.3p 30.9p
Dividends per share (including 1997 special dividend of 35p) 18.7p 54.85p 19.0p 20.4p 21.9p
Pro®t before goodwill amortisation, exceptional items and taxation 3,019 3,203 2,976 3,274 3,100
Basic earnings per share before goodwill amortisation and
exceptional items 31.6p 32.8p 31.7p 35.0p 34.2p
Diluted earnings per share before goodwill amortisation and
exceptional items 31.0p 32.2p 31.2p 34.2p 33.4p
(a) Including MCI merger break-up fee net of expenses in 1998 ± ± 238 ± ±
(b) Including redundancy charges 421 367 106 124 59
(c) Including exceptional costs relating to the disengagement from MCI ± ± ± 69 64
(d) Including exceptional costs relating to the proposed closure of the BT Cellnet
analogue network in 2000 ± ± ± ± 47
(e) Including gain on MCI shares sold in 1999 ± ± ± 1,133 ±