BT 2010 Annual Report Download - page 111

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FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
109BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTSADDITIONAL INFORMATION REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW
8. Taxation continued
Tax components of other comprehensive income
The tax credit (expense) relating to components of other comprehensive income is as follows:
2010 2009 2008
Tax Tax Tax
Before credit After Before credit After Before credit After
tax (expense) tax tax (expense) tax tax (expense) tax
Year ended 31 March £m £m £m £m £m £m £m £m £m
Actuarial (losses) gains relating to retirement
benefit obligations (4,324) 1,211 (3,113) (7,037) 1,959 (5,078) 2,621 (804) 1,817
Exchange differences on translation of
foreign operations (119) (20) (139) 692 64 756 213 1 214
Fair value movements on available-for-sale assets 7 – 7 5 – 5 – – –
Fair value movements on cash flow hedges
– fair value gains (losses) (1,067) 297 (770) 2,719 (766) 1,953 446 (108) 338
– reclassified and reported in net (loss)profit 496 (139) 357 (2,144) 600 (1,544) (294) 82 (212)
– reclassified and reported in non current assets (4) 1 (3) (5) 2 (3) 11 (3) 8
(5,011) 1,350 (3,661) (5,770) 1,859 (3,911) 2,997 (832) 2,165
Current tax (expense) credit (2) – 2
Deferred tax credit (expense) 1,352 1,859 (834)
1,350 1,859 (832)
Tax on items recognised directly in equity
2010 2009 2008
Year ended 31 March £m £m £m
Current tax credit relating to share-based payments – – 17
Deferred tax credit (expense) relating to share-based payments 19 (12) (62)
Total taxation credit (expense) on items recognised directly in equity 19 (12) (45)
9. Earnings (loss) per share
Basic earnings (loss) per share is calculated by dividing the profit or 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 earnings (loss) per share, share options outstanding and other potential ordinary shares have been taken into
account where the impact of these is dilutive. Options over 138m shares (2009: 158m shares, 2008: 58m 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:
2010 2009a2008a
millions of millions of millions of
Year ended 31 March shares shares shares
Basic 7,740 7,724 8,066
Dilutive ordinary shares from share options 174 5 106
Dilutive ordinary shares held in trust 74 42 51
Diluted 7,988 7,771 8,223
Profit (loss) attributable to equity shareholders of the parent (£m) 1,028 (193) 1,737
Basic earnings (loss) per share (p) 13.3p (2.5)p 21.5p
Diluted earnings (loss) per share (p) 12.9p (2.5)p 21.1p
aRestated. See page 94.