BT 2000 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2000 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 129

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129

25. Reconciliation of movement in shareholders' funds
Share
capital
£m
Share
premium
account(a)
£m
Capital
redemption
reserve
£m
Other
reserves
£m
Profit
and loss
account
£m
Total
£m
Group
Balances at 31 March 1997 1,589 675 750 27 8,075 11,116
Goodwill, arising on acquisition of subsidiaries, associates and
joint ventures (b) ± ± ± ± (937) (937)
Goodwill, previously written off to reserves, taken back to the
pro®t and loss account ± ± ± ± 5 5
Employee share option schemes ± 52 million shares issued
(note 30) 13 217 ± ± ± 230
Movement relating to BT's employee share ownership trust (d) ± ± ± ± (85) (85)
Currency movements (including £31 million net gains in
respect of foreign currency borrowings) (c) ± ± ± ± (74) (74)
Pro®t for the ®nancial year ± ± ± ± 1,702 1,702
Dividends (19.0p net per ordinary share) ± ± ± ± (1,216) (1,216)
Scrip dividend ± 4 million shares issued 1 ± (1) ± 18 18
Other movements ± ± ± ± 26 26
Balances at 31 March 1998 1,603 892 749 27 7,514 10,785
Goodwill, previously written off to reserves, taken back to the
pro®t and loss account (note 6) ± ± ± ± 2,214 2,214
Employee share option schemes ± 50 million shares issued (d)
(note 30) 12 314 ± ± ± 326
Movement relating to BT's employee share ownership trust (d) ± ± ± ± (165) (165)
Currency movements (including £22 million net losses in
respect of foreign currency borrowings) (c) ± ± ± ± 45 45
Pro®t for the ®nancial year ± ± ± ± 2,983 2,983
Dividends (20.4p net per ordinary share) ± ± ± ± (1,322) (1,322)
Scrip dividend ± 8 million shares issued 2 ± (2) ± 74 74
Balances at 31 March 1999 1,617 1,206 747 27 11,343 14,940
Goodwill, previously written off to reserves, taken back to the
pro®t and loss account ± ± ± ± 6 6
Employee share option schemes ± 38 million shares issued (d)
(note 30) 10 374 ± ± ± 384
Movement relating to BT's employee share ownership trust (d) ± ± ± ± (257) (257)
Currency movements (including £10 million net losses in
respect of foreign currency borrowings) (c) ± ± ± ± (66) (66)
Pro®t for the ®nancial year ± ± ± ± 2,055 2,055
Dividends (21.9p per ordinary share) ± ± ± ± (1,426) (1,426)
Unrealised gain on transfer of assets and group undertakings
to a joint venture ± ± ± 159 ± 159
Balances at 31 March 2000 1,627 1,580 747 186 11,655 15,795
Notes to the financial statements
86 Annual report and Form 20-F