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BT Group plc Annual Report & Form 20-F 87
Before specific
items
Specific
itemsaTotal
For the year ended 31 March 2005 Notes £m £m £m
Revenue 1 18,429 – 18,429
Other operating income 2 193 358 551
Operating costs 3 (15,929) (59) (15,988)
Operating profit 12,693 299 2,992
Finance expense 5 (2,773) – (2,773)
Finance income 5 2,174 – 2,174
Net finance expense (599) – (599)
Share of post tax loss of associates and joint ventures (14) (25) (39)
Profit before taxation 2,080 274 2,354
Taxation 6(541) 16 (525)
Profit for the year 1,539 290 1,829
Attributable to:
Equity shareholders of the parent 1,540 290 1,830
Minority interests 22 (1) – (1)
Earnings per share 8
Basic 21.5p
Diluted 21.3p
aFor a definition of specific items, see accounting policies. An analysis of specific items is provided in note 4.
Group statement of recognised income and expense
For the year ended 31 March 2007
Notes
2007
£m
2006
£m
2005
£m
Profit for the year 2,852 1,548 1,829
Actuarial gains relating to retirement benefit obligations 29 1,409 2,122 294
Exchange differences:
– on translation of foreign operations (95) 53 27
– fair value loss on net investment hedges –(20) –
– reclassified and reported in net profit –(9) –
Fair value movements on available-for-sale assets:
– fair value gains –35 –
– reclassified and reported in net profit –(35) –
Fair value movements on cash flow hedges:
– fair value (losses) gains (201) 4–
– reclassified and reported in net profit 364 (204) –
Tax impact of above items 6 (486) (593) (79)
Net gains recognised directly in equity 991 1,353 242
Total recognised income and expense for the year 3,843 2,901 2,071
Attributable to:
Equity shareholders of the parent 3,843 2,900 2,072
Minority interests –1 (1)
3,843 2,901 2,071
The group adopted IAS 32 and IAS 39, with effect from 1 April 2005. The adoption of IAS 32 and IAS 39 resulted in a decrease in
equity at 1 April 2005 of £209 million, net of deferred tax, of which £nil was attributable to minority interests.
A reconciliation of the changes in other reserves and retained earnings is given in note 25.
Consolidated financial statements
Group income statement
For the year ended 31 March 2007 continued
Financial statements