BT 2000 Annual Report Download - page 67

Notes to the financial statements
66 Annual report and Form 20-F
1. Changes in presentation
During the year ended 31 March 2000, the company has made the following changes in the presentation of its ¢nancial
statements. Comparative ¢gures have been restated. The previous analysis of turnover has been modi¢ed owing to the
formation of Concert, the joint venture with AT&T, on 5 January 2000 (see note 18). From that date, international calls
into, through and out of the UK and formerly handled by the company, have been handled by Concert. Additionally,
certain of the company's multinational customers were transferred to Concert on the same date.
In the modi¢ed analysis, ¢xed network calls comprise calls within the UK and calls made from the UK to other
countries. Receipts from other operators include revenues from non-UK operators for incoming and transit calls into and
through the UK up to 5 January 2000 and revenues from Concert for terminating incoming international calls from that date.
The group's share of trading with Concert, primarily in respect of international calls made to and from the UK and for
services provided to Concert in the UK for the multinational customers transferred to Concert, is eliminated in arriving at
total turnover, including the proportionate share of the group's associates and joint ventures.
2. Turnover
2000
£m
1999(a)
£m
1998(a)
£m
Fixed network calls 5,908 6,026 5,788
Exchange lines 3,526 3,351 3,190
Mobile communications 2,170 1,400 1,089
Receipts from other operators 1,974 1,417 1,249
Private services 1,135 1,140 1,131
Customer premises equipment supply 847 870 896
Yellow Pages and other directories 642 491 466
Other sales and services 2,513 2,258 1,831
Group turnover ± ongoing activities 18,715 16,953 15,640
Group's share of associates' and joint ventures' turnover 3,364 1,270 1,771
Trading between group and principal joint venture (176) ±±
Total turnover, including discontinued activities 21,903 18,223 17,411
Less: discontinued activities (b) ±± (1,372)
Total turnover ± ongoing activities 21,903 18,223 16,039
(a) Figures in the 1998 and 1999 ®nancial years have been restated to conform with the method of classi®cation used in the 2000 ®nancial year.
(b) Discontinued activities relate to the group's former interest in MCI Communications Corporation (MCI) (note 18(i)).
Group's share of associates' and joint ventures' turnover comprised:
2000
£m
1999
£m
1998
£m
Joint ventures ± continuing activities 1,784 561 147
Associates:
Continuing activities 1,580 709 252
Discontinued activities (a) ±± 1,372
1,580 709 1,624
Group's share of associates' and joint ventures' turnover 3,364 1,270 1,771
(a) Discontinued activities relate to the group's former interest in MCI Communications Corporation (MCI) (note 18(i)).
The group provides telecommunication services, principally in the UK, essentially operating as a unitary business. Its main
services and products are ¢xed voice and data calls in the UK, the provision of ¢xed exchange lines to homes and
businesses, the supply of mobile communication services and equipment to businesses and individuals, the provision of
communication services in the UK to other operators, the provision of private services to businesses and the supply of
telecommunication equipment for customers' premises. Approximately 5% (1999 ^ 4%, 1998 ^ 4%) of group turnover arose
from operations outside the UK and approximately 18% (1999 ^ 10%, 1998 ^ 13%) of total turnover arose from activities
outside the UK (note 33). Subsidiary undertakings acquired in the year ended 31 March 2000 contributed approximately 2%
of group turnover in the year. Unaudited information concerning the group's classi¢ed directory business in the UK is
shown on page 115 of this annual report.