BT 2003 Annual Report Download - page 90

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2. Segmental analysis continued
The analysis of turnover by geographical area is stated on the basis of origin. In an analysis of turnover by
destination, incoming and transit international calls by country of origin and turnover with non-UK joint ventures
and associates would be treated differently but would not lead to a materially different geographical analysis.
See the ‘‘information about geographic areas’’ above.
2003
£m
2002
£m
2001
£m
Group operating profit (loss)
UK 3,220 2,628 3,330
Europe, excluding the UK (627) (2,829) (252)
Americas (28) 153 15
Asia and Pacific 72 (106)
Total continuing activities 2,572 (46) 2,987
UK –4 156
Europe, excluding the UK –(429) (3,094)
Americas –(6) (22)
Asia and Pacific –(2) –
Total discontinued activities – (433) (2,960)
Total 2,572 (479) 27
2003
£m
2002
£m
2001
£m
Share of operating results of associates and joint ventures,
including goodwill amortisation – profits (losses)
UK (2) (17) (51)
Europe, excluding the UK 305 (240) (212)
Americas (1) (1,135) (66)
Asia and Pacific 27 (51) (202)
Total continuing activities 329 (1,443) (531)
UK –519
Europe, excluding the UK –20 (259)
Asia and Pacific –37 374
Total discontinued activities – 62 134
Total 329 (1,381) (397)
2003 2002
Net
operating
assets
(liabilities)
£m
Associates
and joint
ventures
£m
Total
£m
Net
operating
assets
£m
Associates
and joint
ventures
£m
Total
£m
Net operating assets (liabilities)
UK 12,196 (8) 12,188 13,186 (2) 13,184
Europe, excluding the UK 1,652 76 1,728 925 178 1,103
Americas (85) – (85) 222 337 559
Asia and Pacific (23) 90 67 1 165 166
Total 13,740 158 13,898 14,334 678 15,012
Net operating assets comprise tangible and intangible fixed assets, stocks, debtors less creditors (excluding loans
and other borrowings), and provisions for liabilities and charges (excluding deferred tax).
Notes to the financial statements
BT Annual Report and Form 20-F 2003 89