BT 2003 Annual Report Download - page 158

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The information in this document that is referred to in the following table shall be deemed to be filed with the
Securities and Exchange Commission for all purposes:
Required Item in Form 20-F Where information can be found in this Annual Report
Item Section Page
1Identity of directors, senior management and advisors Not applicable
2Offer statistics and expected timetable Not applicable
3Key information
3A Selected financial data Five year financial summary 26–27
Additional information for shareholders
Exchange rates 147
3B Capitalisation and indebtedness Not applicable
3C Reasons for the offer and use of proceeds Not applicable
3D Risk factors Risk factors 140
4Information on the company
4A History and development of the company Additional information for shareholders
Background 142–143
Business review
Introduction 8
Restructuring 9
Demerger of mmO
2
9
Acquisitions and disposals 9–10
Concert 10
Financial review
Capital expenditure 44
4B Business overview Business review 8–23
Our commitment to society 24–25
Financial review
Geographical information 46–47
Financial statistics 138
Operational statistics 139
Notes to the financial statements
People employed 117
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 142
4C Organisational structure Business review
Introduction 8
Subsidiary undertakings, joint ventures and associates 135
4D Property, plant and equipment Business review
Property 10
Financial review
Profit on sale of property fixed assets 39–40
5Operating and financial review and prospects
5A Operating results Financial review 28–49
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 142
5B Liquidity and capital resources Financial review 28–49
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 142
Notes to the financial statements
Loans and other borrowings 108–109
Financial commitments, contingent liabilities and
subsequent events 111
Financial instruments and risk management 121–125
5C Research and development, patents and licences Business review
Research and development and IT support 16–17
Financial statistics 138
5D Trend information Financial review 28–49
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 142
6Directors, senior management and employees
6A Directors and senior management Board of directors and Operating Committee 50–51
Cross reference to Form 20-F
BT Annual Report and Form 20-F 2003 157