BT 2002 Annual Report Download - page 98

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15. Earnings (loss) per share continued
The items in the calculation of earnings (loss) per share before goodwill amortisation and exceptional items in the years
were:
2002
pence
per share
2001
pence
per share
2000
pence
per share
2002
£m
2001
£m
2000
£m
Attributable to continuing activities:
Goodwill impairment in subsidiary undertakings (23.5) (2.7) ± (1,955) (200) ±
Asset impairment in subsidiary undertakings (3.9) ± ± (324) ± ±
Costs relating to the Concert unwind (3.0) ± ± (253) ± ±
Costs relating to the demerger of mmO2 (1.2) ± ± (98) ± ±
BT Retail Call Centre rationalisation costs (0.8) ± ± (68) ± ±
BT Wholesale bad debts costs (0.9) ± ± (79) ± ±
Rates refunds relating to prior years ±2.7 ± ±193 ±
Write off of subscriber acquisition costs ±(1.3) ± ±(96) ±
Costs relating to the disengagement from MCI ±± (0.9) ±± (64)
Goodwill impairment in associates and joint ventures (5.2) (2.7) ± (433) (200) ±
Impairment of investment in associates and joint ventures
and related exit costs (9.4) ± ± (780) ± ±
Pro®t on sale of ®xed asset investments 2.0 7.3 ± 169 534 ±
Pro®t (loss) on sale of group undertakings (1.8) 1.2 1.7 (148) 84 126
Pro®t on sale of property ®xed assets 12.8 ± ± 1,062 ± ±
Amounts written off investments (6.4) ± ± (535) ± ±
Finance cost of novating interest rate swaps (2.0) ± ± (162) ± ±
Interest receivable on rates refunds, relating to prior years ±0.3 ± ±25 ±
Goodwill amortisation (2.0) (2.4) (0.9) (162) (166) (67)
Net credit (charge) attributable to continuing activities
before tax and minority interests (45.3) 2.4 (0.1) (3,766) 174 (5)
Attributable to discontinued activities:
Costs relating to the demerger of mmO2 (0.1) ± ± (11) ± ±
Goodwill impairment in subsidiary undertakings ±(38.5) ± ±(2,800) ±
Write off of Viag Interkom IT Systems ±(0.6) ± ±(43) ±
Write off of subscriber acquisition costs ±(0.6) ± ±(43) ±
BT Cellnet analogue network closure costs ±± (0.6) ±± (47)
Pro®t on sale of group undertakings 14.0 ± ± 1,160 ± ±
Pro®t on sale of ®xed asset investments 38.6 ± ± 3,208 1 ±
Goodwill amortisation (3.0) (5.3) (1.4) (243) (392) (106)
Net credit (charge) attributable to discontinued
activities before tax and minority interests 49.5 (45.0) (2.0) 4,114 (3,277) (153)
Total credit (charge) before tax and minority interest 4.2 (42.6) (2.1) 348 (3,103) (158)
Tax credit (charge) attributable 1.7 (0.3) (0.1) 143 (22) (5)
Minority Interest ±(0.3) ± ±(21) ±
Net credit (charge) 5.9 (43.2) (2.2) 491 (3,146) (163)
Basic earnings (loss) per share/pro®t for the ®nancial year
after goodwill amortisation and exceptional items 12.0 (25.7) 27.6 995 (1,870) 1,995
Goodwill amortisation and exceptional charge (credit) (5.9) 43.2 2.2 (491) 3,146 163
Basic earnings (loss) per share/pro®t for the ®nancial year
before goodwill amortisation and exceptional items 6.1 17.5 29.8 504 1,276 2,158
Comparative ®gures have been restated for the British Telecommunications plc rights issue which closed on 15 June 2001.
Earnings per share before goodwill amortisation and exceptional items are provided to help readers evaluate the
performance of the group.
Notes to the financial statements
BT Group Annual Report and Form 20-F 2002 97