BT 2000 Annual Report Download - page 71

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9. Tax on pro®t on ordinary activities (continued)
Deferred taxation of »60 million (1999 ^ »30 million, 1998 ^ »30 million) arising on excess capital allowances was not
provided in the year ended 31 March 2000.
The deferred taxation charge (credit) was mainly the result of the tax e¡ect of timing di¡erences as follows:
2000
£m
1999
£m
1998
£m
Excess capital allowances (80) 1 24
Pension provisions 97 81 20
Other timing differences (20) (11) (27)
(3) 71 17
Release due to reduction in corporation tax rate ±± (25)
Prior year adjustments (a) 16 5 (14)
Total deferred taxation charge (credit) 13 76 (22)
(a) Reclassi®cation between deferred and current taxation on the pro®t on ordinary activities for prior years.
10. Minority Interests
2000
£m
1999
£m
1998
£m
Minority interests in pro®ts (losses):
Group (15) 15 25
Associates 54 ±
Total minority interests (10) 19 25
11. Dividends
2000
pence
per share
1999
pence
per share
1998
pence
per share
2000
£m
1999
£m
1998
£m
Interim dividend paid 8.70 8.10 7.55 565 523 480
Proposed ®nal dividend 13.20 12.30 11.45 861 799 736
Total dividends 21.90 20.40 19.00 1,426 1,322 1,216
12. Earnings per share
The basic earnings per share are calculated by dividing the pro¢t for the ¢nancial year attributable to shareholders by
the weighted average number of shares in issue after deducting the company's shares held by employee share
ownership trusts.
In calculating the diluted earnings per share, share options outstanding and other potential ordinary shares have been
taken into account.
The weighted average number of shares in the years were:
2000
millions
of shares
1999
millions
of shares
1998
millions
of shares
Basic 6,488 6,442 6,387
Dilutive ordinary shares from share options outstanding and shares held in trust 154 150 97
Total diluted 6,642 6,592 6,484
Notes to the financial statements
70 Annual report and Form 20-F