BT 2010 Annual Report Download - page 154

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Summary group income statement continued
Year ended 31 March 2010 2009a2008a2007a2006a
Average number of shares used in basic earnings per share (millions) 7,740 7,724 8,066 8,293 8,422
Average number of shares used in diluted earnings per share (millions) 7,988 7,771 8,223 8,479 8,537
Basic earnings (loss) per share 13.3p (2.5)p 21.5p 34.4p 18.4p
Diluted earnings (loss) per share 12.9p (2.5)p 21.1p 33.6p 18.1p
Dividends per shareb6.9p 6.5p 15.8p 15.1p 11.9p
Dividends per share, centsb,c 10.5c 9.3c 31.4c 29.7c 20.7c
aRestated. See page 94.
bDividends per share represents the dividend paid and proposed in respect of the relevant financial year. Under IFRS, dividends are recognised as a deduction from shareholders’ equity when they are paid.
cBased on actual dividends paid and/or year end exchange rate on proposed dividends.
Summary group cash flow statement
2010 2009 2008 2007 2006
Year ended 31 March £m £m £m £m £m
Net cash inflow from operating activities 4,825 4,706 5,486 5,210 5,387
Net cash (outflow) inflow from investing activities (2,775) (2,954) (3,664) (2,778) 214
Net cash used in financing activities (1,714) (1,865) (1,430) (2,898) (5,278)
Effect of exchange rate changes on cash and cash equivalents (7) 54 25 (35) –
Net increase (decrease) in cash and cash equivalents 329 (59) 417 (501) 323
Cash and cash equivalents at the start of the year 1,115 1,174 757 1,258 935
Cash and cash equivalents at the end of the year 1,444 1,115 1,174 757 1,258
Summary group balance sheet
2010 2009a2008a2007a2006a
At 31 March £m £m £m £m £m
Intangible assets 3,672 3,788 3,355 2,584 1,908
Property, plant and equipment 14,856 15,405 15,307 14,997 15,222
Retirement benefit asset – – 2,887 – –
Other non current assets 3,867 4,154 1,286 780 1,175
22,395 23,347 22,835 18,361 18,305
Current assets less current liabilities (4,135) (3,141) (2,978) (3,746) (3,052)
Total assets less current liabilities 18,260 20,206 19,857 14,615 15,253
Non current loans and other borrowings (9,522) (12,365) (9,818) (6,387) (7,995)
Retirement benefit obligations (7,864) (3,973) (108) (389) (2,547)
Other non current liabilities (3,500) (3,699) (4,499) (3,567) (3,104)
Total assets less liabilities (2,626) 169 5,432 4,272 1,607
Called up share capital 408 408 420 432 432
Share premium account 62 62 62 31 7
Capital redemption reserve 27 27 15 2 2
Other reserves 757 1,301 (527) 88 364
Retained (loss) earnings (3,904) (1,656) 5,439 3,685 750
Total parent shareholders’ (deficit) equity (2,650) 142 5,409 4,238 1,555
Minority interests 24 27 23 34 52
Total (deficit) equity (2,626) 169 5,432 4,272 1,607
aRestated. See page 94.
Other selected financial data
2010 2009a2008a2007a2006a
£m £m £m £m £m
Adjusted EBITDAb5,639 5,238 5,784 5,633 5,517
Free cash flowc1,933 737 1,823 1,874 1,612
Net debtd9,283 10,361 9,460 7,914 7,534
aRestated. See page 94.
bAdjusted EBITDA is stated before specific items and BT Global Services contract and financial review charges in 2009 and is defined on page 55.
cFree cash flow is defined on page 55.
dNet debt is defined on page 56.
BT GROUP PLC ANNUAL REPORT & FORM 20-F152
FINANCIAL STATEMENTS SELECTED FINANCIAL DATA