BT 2006 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2006 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

Summary of group cash flow statement – IFRS
Year ended 31 March
2006
£m
2005
£m
Net cash inflow from operating activities 5,387 5,574
Net cash inflow (outflow) from investing activities 365 (1,740)
Net cash used in financing activities (5,278) (3,529)
Net increase in cash and cash equivalents 474 305
Cash and cash equivalents at the start of the year 1,310 1,005
Cash and cash equivalents at the end of the year 1,784 1,310
Summary of group cash flow statement – UK GAAP
Year ended 31 March
2005
£m
2004
£m
2003
£m
2002
£m
Net cash flow from operating activities 5,898 5,389 6,023 5,257
Dividends from associates and joint ventures 2362
Returns on investments and servicing of finance (878) (527) (1,506) (1,695)
Taxation paid (332) (317) (434) (562)
Capital expenditure and financial investment (2,408) (2,477) (2,381) (1,354)
Acquisitions and disposals (418) (60) 2,842 5,785
Equity dividends paid (784) (645) (367) –
Cash inflow before management of liquid resources and financing 1,080 1,366 4,183 7,433
Management of liquid resources 587 1,123 (1,729) (1,864)
Financing (1,485) (2,445) (2,473) (5,479)
Increase (decrease) in cash in the year 182 44 (19) 90
Decrease in net debt in the year resulting from cash flows 887 1,222 4,225 13,930
Summary of group balance sheet – IFRS
At 31 March
2006
£m
2005
£m
Intangible assets 1,641 1,254
Property, plant and equipment 15,489 15,391
Other non current assets 838 1,567
17,978 18,212
Net current liabilities (2,758) (2,783)
Total assets less current liabilities 15,220 15,429
Non current loans and other borrowings (7,995) (7,744)
Retirement benefit obligations (2,547) (4,807)
Other non current liabilities (3,071) (2,783)
Total assets less liabilities 1,607 95
Called up share capital 432 432
Share premium account 73
Capital redemption reserve 22
Other reserves 364 762
Retained earnings (deficit) 750 (1,154)
Total parent shareholders’ equity 1,555 45
Minority interests 52 50
Total equity 1,607 95
BT Group plc Annual Report and Form 20-F 2006 Operating and financial review24