BT 2010 Annual Report Download - page 104

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FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
102 BT GROUP PLC ANNUAL REPORT & FORM 20-F
1. Segment information continued
Segment revenue and profit
BT Global
Services BT Retail BT Wholesale Openreach Other Total
Year ended 31 March 2010 £m £m £m £m £m £m
Total segment revenue 8,513 8,297 4,450 5,164 40 26,464
Internal revenue – (373) (1,227) (3,953) – (5,553)
Revenue from external customers 8,513 7,924 3,223 1,211 40 20,911
Adjusted EBITDAb457 1,850 1,279 1,960 93 5,639
Depreciation and amortisation (815) (459) (680) (856) (229) (3,039)
Adjusted operating profit (loss)b(358) 1,391 599 1,104 (136) 2,600
Specific items (note 5) – – – – (477) (477)
Operating (loss) profit (358) 1,391 599 1,104 (613) 2,123
Share of post tax profits of associates and joint ventures 54
Loss on disposal of associate (12)
Net finance expense (1,158)
Profit before tax 1,007
BT Global
Services BT Retail BT Wholesale Openreach Other Total
Year ended 31 March 2009a£m £m £m £m £m £m
Total segment revenue 8,628 8,663 4,658 5,231 40 27,220
Internal revenue – (343) (1,228) (4,218) – (5,789)
Adjusted revenue from external customersb8,628 8,320 3,430 1,013 40 21,431
Contract and financial review charges (41) ––––(41)
Revenue from external customers 8,587 8,320 3,430 1,013 40 21,390
Adjusted EBITDAb261 1,664 1,277 1,996 40 5,238
Depreciation and amortisation (776) (426) (686) (778) (224) (2,890)
Adjusted operating profit (loss)b(515) 1,238 591 1,218 (184) 2,348
Specific items (note 5) – – – – (408) (408)
Contract and financial review charges (1,639) ––––(1,639)
Operating (loss) profit (2,154) 1,238 591 1,218 (592) 301
Share of post tax profits of associates and joint ventures 75
Net finance expense (620)
Loss before tax (244)
aRestated. See pages 94 and 101.
BT Global
Services BT Retail BT Wholesale Openreach Other Total
Year ended 31 March 2008a£m £m £m £m £m £m
Total segment revenue 7,664 8,682 4,959 5,266 28 26,599
Internal revenue – (265) (1,252) (4,378) – (5,895)
Revenue from external customers 7,664 8,417 3,707 888 28 20,704
Adjusted EBITDAb808 1,529 1,406 1,911 130 5,784
Depreciation and amortisation (744) (445) (893) (689) (118) (2,889)
Adjusted operating profitb64 1,084 513 1,222 12 2,895
Specific items (note 5) – – – – (539) (539)
Operating profit (loss) 64 1,084 513 1,222 (527) 2,356
Share of post tax losses of associates and joint ventures (11)
Profit on disposal of associate 9
Net finance expense (378)
Profit before tax 1,976
aRestated. See pages 94 and 101.
bAdjusted revenue, adjusted EBITDA and adjusted operating profit (loss) are stated before specific items and BT Global Services contract and financial review charges in 2009 and are non-GAAP measures
provided in addition to the disclosure requirements defined under IFRS. The rationale for using non-GAAP measures is explained on pages 54 to 56.