BT 2007 Annual Report Download - page 156

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BT Group plc Annual Report & Form 20-F 155
UK GAAP 2005 2004 2003
Financial ratios
Basic earnings per share before goodwill amortisation and exceptional items – pence 18.1 16.9 14.4
Basic earning per share – pence 21.4 16.4 31.4
Return on capital employeda– % (unaudited) 15.5c15.1c15.5
Interest coverb– times (unaudited) 3.5d3.0d2.0
2005 2004 2003
£m £m £m
Expenditure on research and development 257 334 380
2005 2004 2003
£m £m £m
Expenditure on property plant and equipment and software
Plant and equipment
Transmission equipment 1,488 1,324 1,277
Exchange equipment 143 150 228
Other network equipment 648 585 466
Computers and office equipment 187 205 281
Motor vehicles and other 474 316 162
Land and buildings 64 73 40
3,004 2,653 2,454
Increase (decrease) in engineering stores 7 20 (9)
Total expenditure on property plant and equipment 3,011 2,673 2,445
Decrease in payables 45 11 135
Cash outflow on purchase of property plant and equipment and software 3,056 2,684 2,580
aThe ratio is based on profit before tax, goodwill amortisation and interest on long-term borrowings, to average capital employed.
bThe number of times net interest payable is covered by total operating profit before goodwill amortisation.
cReturn on capital employed before goodwill amortisation and exceptional items was 16.0% (2004 – 15.3%)
dInterest cover before goodwill amortisation and exceptional items was 3.6 times (2004 – 3.3 times)
Financial statements