BT 2009 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2009 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 170

  • 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

ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS – NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
100 BT GROUP PLC ANNUAL REPORT & FORM 20-F
7. Taxation continued
Tax on items taken directly to equity
2009 2008 2007
£m £m £m
Current tax credit on exchange differences – (1) –
Deferred tax credit on exchange differences (64) – –
Deferred tax expense relating to losses on cash flow hedges 164 29 62
Deferred tax (credit) expense on actuarial (loss) gain relating to retirement benefit obligations (1,959) 804 424
Total taxation on items taken to statement of recognised income and expense (1,859) 832 486
Current tax credit relating to share based payments – (17) (12)
Deferred tax expense (credit) relating to share based payments 12 62 (70)
Total taxation on items taken directly to equitya(1,847) 877 404
a2008 includes a £50m expense arising from the re-measurement of deferred tax balances at 28%.
8. (Loss) earnings per share
Basic (loss) earnings per share is calculated by dividing the loss attributable to equity shareholders by the weighted average number of
shares in issue after deducting the group’s shares held by employee share ownership trusts and treasury shares.
In calculating the diluted (loss) earnings per share, share options outstanding and other potential ordinary shares have been taken into
account where the impact of these is dilutive. Options over 158m shares (2008: 58m shares, 2007: 12m shares) were excluded from the
calculation of the total diluted number of shares as the impact of these is antidilutive.
The weighted average number of shares in the years was:
2009 2008 2007
millions of millions of millions of
shares shares shares
Basic 7,724 8,066 8,293
Dilutive ordinary shares from share options 5 106 123
Dilutive ordinary shares held in trust 42 51 63
Total diluted 7,771 8,223 8,479
(Loss) profit attributable to equity shareholders of the parent (£m) (83) 1,737 2,850
Basic (loss) earnings per share (p) (1.1)p 21.5p 34.4p
Diluted (loss) earnings per share (p) (1.1)p 21.1p 33.6p
FINANCIAL STATEMENTS