BT 2001 Annual Report Download - page 123

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35. Financial instruments and risk management (continued)
Average effective interest rates
The interest basis of interest rate swap agreements used, the notional amounts, their average maturities and weighted average
interest rates are shown below:
Average
maturity
Notional
amount
£m
Average
interest
receivable
rate
%
Average
interest
payable
rate
%
Pay fixed interest and receive variable interest Over 5 years 8,674 5.3 6.5
Pay variable interest and receive fixed interest Under 5 years 900 6.5 5.5
The rates of the variable rate portion of the swaps are based on quoted rates. In calculating the average variable rates, the latest
rates agreed with the counterparty on each swap have been used. Changes in interest rates will a¡ect the variable rate
information disclosed above.
Unused committed lines of credit
Unused committed lines of credit for short-term ¢nancing available at 31 March 2001 totalled approximately »16,750 million
(2000 --- »5,800 million), which was in support of a commercial paper programme or other borrowings. These lines of credit are
available for up to one year.
36. Unaudited pro forma information relating to businesses acquired in the year ended 31 March 2001
The following unaudited pro forma information summarises the results of operations for the years indicated as if the Viag
Interkom and Telfort acquisitions had been completed as of the beginning of the years presented. The pro forma data gives e¡ect
to actual operating results prior to the acquisition, adjusted to include the pro forma e¡ect of interest expense, amortisation of
intangibles and income taxes. These pro forma amounts do not purport to be indicative of the results that would have actually
been obtained if the acquisitions occurred as of the beginning of the years presented or that may be obtained in the future.
2001
£m
2000
£m
Turnover 21,265 19,612
Profit (loss) for the financial year (2,598) 1,060
Earnings (loss) per share (39.8)p 16.3p
BT Annual report and Form 20-F 123