BT 2004 Annual Report Download - page 156

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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 24-25
Additional information for shareholders
Exchange rates 146
3B Capitalisation and indebtedness Not applicable
3C Reasons for the offer and use of proceeds Not applicable
3D Risk factors Risk factors 138-139
4Information on the company
4A History and development of the company Business review
Introduction 7
Background 7-8
2002 restructuring 8
Demerger of mmO
2
8
Concert 8
Acquisitions and disposals prior to the 2004
financial year 8
Acquisitions and disposals in the 2004 financial
year 8
Financial review
Capital expenditure 43
4B Business overview Business review 6-23
Financial review
Geographical information 44
Our commitment to society 47-48
Financial statistics 136
Operational statistics 137
Notes to the financial statements
People employed 113
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 141
4C Organisational structure Business review
Introduction 7
Subsidiary undertakings, joint ventures and associates 134
4D Property, plant and equipment Financial review
Profit on sale of property fixed assets 38-39
5Operating and financial review and prospects
5A Operating results Financial review 26-46
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 141
5B Liquidity and capital resources Financial review 26-46
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 141
Notes to the financial statements
Loans and other borrowings 103
Financial commitments, contingent liabilities and
subsequent events 107
Financial instruments and risk management 117-121
5C Research and development, patents and licences Business review
Research and development and IT support 17
Financial statistics 136
5D Trend information Financial review 26-46
Additional information for shareholders
Cautionary statement regarding forward-looking
statements 141
5E Off-balance sheet arrangements Financial Review
Off-balance sheet arrangements 42
BT Annual Report and Form 20-F 2004155
Cross reference to Form 20-F