BT 2001 Annual Report Download - page 78

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Business
performance
Notes
Before goodwill
amortisation,
exceptional
items and
acquisitions
£m
Goodwill
amortisation
and
exceptional
items
£m
Total
£m
Total turnover 318,223 – 18,223
Group’s share of joint ventures’ turnover 3(561) – (561)
Group’s share of associates’ turnover 3(709) – (709)
Trading between group and principal joint venture 3–––
Group turnover 316,953 – 16,953
Other operating income 4168 – 168
Operating costs 5(13,236) (69) (13,305)
Group operating profit 3,885 (69) 3,816
Group’s share of operating loss of joint ventures 6(330) (12) (342)
Group’s share of operating profit of associates 65 (5) –
Total operating profit 3,560 (86) 3,474
Profit on sale of fixed asset investments 7– 1,107 1,107
Profit on sale of group undertakings 7–––
Interest receivable 8165 – 165
Interest payable 9(451) – (451)
Profit on ordinary activities before taxation 3,274 1,021 4,295
Tax on profit on ordinary activities 10 (1,002) (291) (1,293)
Profit on ordinary activities after taxation 2,272 730 3,002
Minority interests 11 (19) – (19)
Profit for the financial year 2,253 730 2,983
Dividends 12 (1,322)
Retained profit for the financial year 27 1,661
Basic earnings per share 13 35.0p 11.3p 46.3p
Diluted earnings per share 13 34.2p 11.1p 45.3p
Group profit and loss account for the year ended 31 March 1999
78 BT Annual report and Form 20-F