BT 2003 Annual Report Download - page 80

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Continuing activities
Notes
Before goodwill
amortisation
and exceptional
items
£m
Goodwill
amortisation
and exceptional
items
£m
Total
£m
Total turnover 220,182 – 20,182
Group’s share of joint ventures’ turnover 3(425) – (425)
Group’s share of associates’ turnover 3(1,030) – (1,030)
Group turnover 218,727 – 18,727
Other operating income 4215 – 215
Operating costs 5(16,152) (218) (16,370)
Group operating profit (loss) 2,790 (218) 2,572
Group’s share of operating profit (loss) of joint ventures 6(31) 150 119
Group’s share of operating profit (loss) of associates 6212 (2) 210
Total operating profit (loss) 2,971 (70) 2,901
Profit on sale of fixed asset investments 7– 1,700 1,700
Loss on sale of group undertakings 7– (9) (9)
Profit on sale of property fixed assets 811 – 11
Interest receivable 10 195 – 195
Amounts written off investments 9(7) – (7)
Interest payable 11 (1,341) (293) (1,634)
Profit on ordinary activities before taxation 1,829 1,328 3,157
Tax on profit on ordinary activities 12 (598) 139 (459)
Profit on ordinary activities after taxation 1,231 1,467 2,698
Minority interests 13 (5) (7) (12)
Profit for the financial year 1,226 1,460 2,686
Dividends 14 (560)
Retained profit for the financial year 28 2,126
Basic earnings per share 15 14.2p 31.2p
Diluted earnings per share 15 14.1p 31.0p
Group profit and loss account
for the year ended 31 March 2003
BT Annual Report and Form 20-F 2003 79