BT 2001 Annual Report Download - page 140

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Notes to the pro forma consolidated financial information
9. Reconciliation to US GAAP (continued)
The calculation of pro forma BT shareholders’ equity (de¢cit) under US GAAP as of 31 March 2001 is as follows:
As at
31 March
2001
£m
Pro forma capital and reserves (deficit) under UK GAAP (5,479)
Adjustment for:
Pension costs (2,755)
Redundancy costs (25)
Capitalisation of interest, net of related depreciation 259
Goodwill, net of accumulated amortisation 139
Mobile licences, software and other intangible asset capitalisation and amortisation, net 521
Financial instruments (620)
Deferred gain (323)
Deferred taxation (1,296)
Shareholders’ equity (deficit) as adjusted for US GAAP (9,579)
10. Pro forma basic and diluted earnings per ADS
Each ADS is equal to 10 ordinary shares of 25p each.
140 BT Annual report and Form 20-F
Unaudited pro forma condensed combined financial statements