BT 2002 Annual Report Download - page 112

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28. Reconciliation of movement in shareholders' funds
Share
capital
£m
Share
premium
account
£m
Capital
redemption
reserve
£m
Other
reserves
£m
Pro®t
and loss
account
£m
Total
£m
Balances in British Telecommunications plc group at
31 March 1999 1,617 1,206 747 27 11,343 14,940
Adjustment for restatement of deferred tax
provision ± ± ± ± (1,895) (1,895)
Merger accounting adjustments to re¯ect new
company structure
a
:
Eliminate BT capital (1,617) (1,206) (747) ± ± (3,570)
BT Shares shown at BT Group nominal value 7,438 ± ± (3,868) ± 3,570
Balances in BT Group plc group at 1 April 1999, restated 7,438 ± ± (3,841) 9,448 13,045
Goodwill, previously written off to reserves, taken
back to the pro®t and loss account
b
± ± ± ± 6 6
Employee share option schemes ± 38 million
shares issued (note 34) 47 ± ± 337 ± 384
Movement relating to BT's employee share ownership trust
c
± ± ± ± (257) (257)
Currency movements (including £10 million net
losses in respect of foreign currency borrowings)
d
± ± ± ± (66) (66)
Pro®t for the ®nancial year (as restated) ± ± ± ± 1,995 1,995
Dividends (19.6p per ordinary share restated) ± ± ± ± (1,426) (1,426)
Unrealised gain on transfer of assets and group
undertakings to a joint venture ± ± ± 159 ± 159
Balances at 1 April 2000 7,485 ± ± (3,345) 9,700 13,840
Employee share option schemes ± 78 million
shares issued (note 34) 88 ± ± 546 ± 634
Movement relating to BT's employee share ownership trust
c
± ± ± ± (359) (359)
Currency movements (including £65 million net
gain in respect of foreign currency borrowings)
d
± ± ± ± 429 429
Loss for the ®nancial year (as restated) ± ± ± ± (1,870) (1,870)
Dividend (7.8p per ordinary share restated) ± ± ± ± (571) (571)
Adjustment to unrealised gain on transfer of assets
and group undertakings to a joint venture ± ± ± (49) ± (49)
Balances at 1 April 2001 7,573 ± ± (2,848) 7,329 12,054
Rights issue
e
2,272 ± ± 3,604 ± 5,876
Shares issued to special purpose trust
f
65 ± ± 108 ± 173
Other allotments of ordinary shares prior to
demerger ± 52 million shares issued 61 ± ± 160 ± 221
Distribution relating to demerger of mmO2
g
± ± ± ± (19,490) (19,490)
Capital reduction on 21 November 2001
h
(9,537) ± ± ± 9,537 ±
Goodwill, previously written off to reserves, taken
back to the pro®t and loss account
b
(note 7) ± ± ± ± 68 68
Employee share option schemes ± 1 million
shares issued (note 34) ± 2 ± ± ± 2
Movement relating to BT's employee share ownership trust
c
± ± ± ± (70) (70)
Unrealised gain on start up of joint ventures ± ± ± 5 ± 5
Realisation of gain made on start up of joint ventures ± ± ± (2) ± (2)
Movement in other reserves due to demerger ± ± ± (2) ± (2)
Currency movements (including £36 million net
gain in respect of foreign currency borrowings)
d
± ± ± ± (15) (15)
Pro®t for the ®nancial year ± ± ± ± 995 995
Dividend (2.0p per ordinary share) ± ± ± ± (173) (173)
Balances at 31 March 2002 434 2 ± 1,025 (1,819) (358)
Notes to the financial statements
BT Group Annual Report and Form 20-F 2002 111