BT 2004 Annual Report Download - page 88

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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 ‘‘Information about geographic areas’’ above.
2004
£m
2003
£m
2002
£m
Group operating profit (loss)
UK 2,999 3,220 2,628
Europe, excluding the UK (132) (627) (2,829)
Americas 9(28) 153
Asia and Pacific (3) 72
Total continuing activities 2,873 2,572 (46)
UK ––4
Europe, excluding the UK –– (429)
Americas –– (6)
Asia and Pacific –– (2)
Total discontinued activities –– (433)
Total 2,873 2,572 (479)
2004
£m
2003
£m
2002
£m
Share of operating (losses) profits of associates and joint ventures,
including goodwill amortisation
UK (1) (2) (17)
Europe, excluding the UK (48) 305 (240)
Americas –(1) (1,135)
Asia and Pacific 15 27 (51)
Total continuing activities (34) 329 (1,443)
UK ––5
Europe, excluding the UK ––20
Asia and Pacific ––37
Total discontinued activities ––62
Total (34) 329 (1,381)
2004 2003
Net
operating
assets
£m
Interest in
associates
and joint
ventures
£m
Total
£m
Net
operating
assets
(liabilities)
£m
Interest in
associates
and joint
ventures
£m
Total
£m
UK 11,419 7 11,426 12,196 (8) 12,188
Europe, excluding the UK 1,742 24 1,766 1,652 76 1,728
Americas 199 – 199 (85) – (85)
Asia and Pacific 19 90 109 (23) 90 67
Total 13,379 121 13,500 13,740 158 13,898
Net operating assets (liabilities) comprise tangible and intangible fixed assets, stocks, debtors less creditors
(excluding loans and other borrowings), and provisions for liabilities and charges (excluding deferred tax).
BT Annual Report and Form 20-F 200487 Notes to the financial statements