BT 2007 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 of the 2007 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 178

  • 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
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

22. MINORITY INTERESTS
2007 2006
£m £m
At 1 April 52 50
Share of profits 21
Disposal (15) –
Minority share of dividend paid (3) –
Exchange adjustments (2) 1
At 31 March 34 52
23. RECONCILIATION OF MOVEMENTS IN EQUITY
2007 2006 2005
£m £m £m
Total equity at 1 April 1,607 95 (1,039)
Transition to IAS 32 and IAS 39 –(209) –
Profit for the year 2,850 1,548 1,829
Dividends (1,053) (912) (786)
Share based payments 71 65 20
Issue of shares 24 41
Net purchase of treasury shares (284) (344) (176)
Exchange differences on translation (93) 24 27
Actuarial gains 1,409 2,122 294
Net fair value movements on cash flow hedges 163 (200) –
Tax on items taken directly to equity (404) (588) (79)
Minority interest (18) 24
Net movement in equity 2,665 1,512 1,134
Total equity at 31 March 4,272 1,607 95
24. SHARE CAPITAL
Share capitalaShare premiumb
£m £m
Balances at 31 March 2005 432 3
Arising on share issues –4
Balances at 31 March 2006 432 7
Arising on share issues –24
Balances at 31 March 2007 432 31
aThe authorised share capital of the company throughout the years ended 31 March 2007 and 2006 was £13,463 million representing 269,260,253,468 ordinary shares of 5p each.
The allotted, called up and fully paid ordinary share capital of the company at 31 March 2007 was £432 million (2006: £432 million), representing 8,640,654,852 ordinary shares of 5p each (2006:
8,635,377,801). Of the authorised but unissued share capital at 31 March 2007, 21 million ordinary shares (2006: 26 million) were reserved to meet options granted under employee share option
schemes.
bThe share premium account, representing the premium on allotment of shares is not available for distribution.
BT Group plc Annual Report & Form 20-F 111
Financial statements