BT 2001 Annual Report Download - page 29

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Cash flow statement
Years ended 31 March
1997
£m
1998
£m
1999
£m
2000
£m
2001
£m
Cash flow from operating activities 6,185 6,071 6,035 5,849 5,887
Dividends from associates and joint ventures 752510
Returns on investments and servicing of finance (220) (160) (328) (163) (727)
Taxation paid (1,045) (1,886) (630) (1,311) (669)
Capital expenditure and financial investment (2,820) (3,108) 1,046 (3,752) (8,442)
Acquisitions and disposals (252) (1,501) (1,967) (6,405) (13,754)
Equity dividends paid (1,217) (3,473) (1,186) (1,364) (1,432)
Cash inflow (outflow) before management of liquid resources and
financing 638 (4,052) 2,972 (7,141) (19,127)
Management of liquid resources (504) 2,247 (2,447) 1,236 (480)
Financing (224) 1,794 (458) 5,959 19,735
Increase (decrease) in cash for the year (90) (11) 67 54 128
Decrease (increase) in net debt for the year 849 (3,860) 3,146 (6,582) (18,942)
Balance sheet
At 31 March
1997
£m
1998
£m
1999
£m
2000
£m
2001
£m
Intangible fixed assets – – 742 5,777 18,380
Tangible fixed assets 16,802 17,252 17,854 18,163 21,625
Fixed asset investments 1,273 1,708 1,832 5,878 5,204
Net current liabilities (2,667) (2,637) (495) (7,115) (11,143)
Total assets less current liabilities 15,408 16,323 19,933 22,703 34,066
Loans and other borrowings falling due after one year (2,693) (3,889) (3,386) (5,354) (18,775)
Provisions for liabilities and charges (1,391) (1,426) (1,391) (1,056) (723)
Minority interests (208) (223) (216) (498) (499)
Total assets less liabilities 11,116 10,785 14,940 15,795 14,069
Called up share capital 1,589 1,603 1,617 1,627 1,646
Share premium account 675 892 1,206 1,580 2,195
Other reserves 777 776 774 933 884
Profit and loss account 8,075 7,514 11,343 11,655 9,344
Total equity shareholders’ funds 11,116 10,785 14,940 15,795 14,069
Total assets 25,062 23,285 27,962 37,588 54,799
US GAAP
Years ended 31 March
1997
£m
1998
£m
1999
£m
2000
£m
2001
£m
Group operating profit (loss) 3,398 3,243 3,356 2,990 (633)
Income (loss) before taxes 3,326 2,791 3,745 2,096 (1,959)
Net income (loss):
Ongoing activities 2,069 1,503 2,589 1,393 (2,357)
Discontinued activities 80 (56) – – –
2,149 1,447 2,589 1,393 (2,357)
Average number of ADSs used in basic earnings per ADS (millions) 633 639 644 649 653
Basic earnings (loss) per ordinary share 33.9p 22.7p 40.2p 21.5p (36.1)p
Diluted earnings (loss) per ordinary share 33.6p 22.3p 39.3p 21.0p (36.1)p
Basic earnings (loss) per share from ongoing activities 32.6p 23.5p 40.2p 21.5p (36.1)p
Diluted earnings (loss) per share from ongoing activities 32.1p 23.2p 39.5p 21.0p (36.1)p
Basic earnings (loss) per ADS £3.39 £2.27 £4.02 £2.15 £(3.61)
Diluted earnings (loss) per ADS £3.36 £2.23 £3.93 £2.10 £(3.61)
At 31 March
Total assets 27,239 27,951 29,323 38,481 55,361
Ordinary shareholders’ equity 11,588 12,615 13,674 13,634 10,231
BT Annual report and Form 20-F 29