BT 2008 Annual Report Download - page 98

Download and view the complete annual report

Please find page 98 of the 2008 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

BT Group plc Annual Report & Form 20-F 97
Before specific
items
Specific
itemsaTotal
Year ended 31 March 2006 Notes £m £m £m
.....................................................................................................................................................................................................................................
Revenue 1 19,514 – 19,514
Other operating income 2 227 – 227
Operating costs 3 (17,108) (138) (17,246)
Operating profit 12,633 (138) 2,495
Finance expense 5 (2,740) – (2,740)
Finance income 5 2,268 – 2,268
Net finance expense (472) – (472)
Share of post tax profit of associates and joint ventures 14 16 – 16
Profit on disposal of joint venture –11
Profit before taxation 2,177 (137) 2,040
Taxation 7 (533) 41 (492)
Profit for the year 1,644 (96) 1,548
Attributable to:
Equity shareholders of the parent 1,643 (96) 1,547
Minority interests 21 1 – 1
Earnings per share 8
Basic 18.4p
Diluted 18.1p
aFor a definition of specific items, see accounting policies on page 88. An analysis of specific items is provided in note 4.
Group statement of recognised income and expense
2008 2007 2006
Year ended 31 March Notes £m £m £m
.....................................................................................................................................................................................................................................
Profit for the year 1,738 2,852 1,548
Actuarial gains relating to retirement benefit obligations 29 2,621 1,409 2,122
Exchange differences:
– on translation of foreign operations 213 (95) 53
– 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 gains (losses) 446 (201) 4
– reclassified and reported in net profit (294) 364 (204)
– reclassified and reported in non current assets 11 ––
Tax impact of above items 7 (832) (486) (593)
Net gains recognised directly in equity 2,165 991 1,353
Total recognised income and expense for the year 3,903 3,843 2,901
Attributable to:
Equity shareholders of the parent 3,899 3,843 2,900
Minority interests 4–1
3,903 3,843 2,901
A reconciliation of the changes in other reserves and retained earnings is given in notes 24 and 25.
Consolidated financial statements
Group income statement
Financial statements