BT 2010 Annual Report Download - page 112

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FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
110 BT GROUP PLC ANNUAL REPORT & FORM 20-F
9. Earnings (loss) per share continued
Adjusted basic and diluted earnings (loss) per share, and the per share impact of the adjustments, is as follows:
2010 2009a2008a
pence pence pence
Year ended 31 March per share £m per share £m per share £m
Basic earnings (loss) per share/profit (loss)b13.3 1,028 (2.5) (193) 21.5 1,737
Net specific items charge after tax 1.4 107 4.3 329 2.4 187
Net pension interest expense (income) after tax 2.6 201 (3.0) (225) (3.7) (294)
BT Global Services contract and financial review
charges after tax – – 15.3 1,178 – –
Adjusted basic earnings (loss)per share/profit (loss)
attributable to adjustmentsb4.0 308 16.6 1,282 (1.3) (107)
Adjusted basic earnings per share/profitb17.3 1,336 14.1 1,089 20.2 1,630
Diluted earnings (loss) per share/profit (loss)b12.9 1,028 (2.5) (193) 21.1 1,737
Adjusted diluted earnings (loss) per share/profit
(loss)attributable to adjustmentsb3.9 308 16.5 1,282 (1.3) (107)
Adjusted diluted earnings per share/profitb16.8 1,336 14.0 1,089 19.8 1,630
aRestated. See page 94.
bThe stated profit (loss) amounts are the component of the total profit (loss) which is attributable to equity shareholders excluding minority interests.
10. Cash and cash equivalents
2010 2009
At 31 March £m £m
Cash at bank and in hand 197 562
Cash equivalents
Available-for-sale
Listed –7
Loans and receivables
UK deposits 1,211 711
European deposits 75
US deposits 37 15
Total cash equivalents 1,255 738
Total cash and cash equivalents 1,452 1,300
Bank overdrafts (8) (185)
Cash and cash equivalents per the cash flow statement 1,444 1,115
The group has cross undertaking guarantee facilities across certain bank accounts which allow a legally enforceable right of set off of the
relevant cash and overdraft balances on bank accounts included within each scheme. Included within overdrafts at 31 March 2010 were
balances of £nil (2009: £160m) which had a legally enforceable right of set off against cash balances of £nil (2009: £96m).
The group’s cash at bank included restricted cash of £54m (2009: £52m), of which £29m (2009: £27m) were held in countries in which
prior approval is required to transfer funds abroad. Such liquid funds are at the group’s disposition within a reasonable period of time if it
complies with these requirements. The remaining balance of £25m (2009: £25m) were held in escrow accounts.