BT 2010 Annual Report Download - page 155

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153BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTS
FINANCIAL STATISTICS
Year ended 31 March 2010 2009a2008a2007a2006a
Financial ratios
Adjusted basic earnings per shareb– pence 17.3 14.1 20.2 19.1 17.4
Reported basic (loss) earnings per share – pence 13.3 (2.5) 21.5 34.4 18.4
Adjusted return on capital employedb, c (unaudited) 16.0 14.5 17.7 17.6 18.1
Reported return on capital employedc(unaudited) 13.3 2.3 14.4 16.5 17.1
Adjusted interest cover before net pension interestd
– times (unaudited) 2.9 2.5 3.6 4.2 3.6
Reported interest covere– times (unaudited) 0.3 0.5 6.2 27.0 5.3
2010 2009 2008 2007 2006
Year ended 31 March £m £m £m £m £m
Expenditure on research and development
Research and development expense 444 590 532 378 326
Amortisation of internally developed computer software 733 431 325 314 161
Total 1,177 1,021 857 692 487
2010 2009 2008 2007 2006
Year ended 31 March £m £m £m £m £m
Capital expenditure
Plant and equipment
Transmission equipment 902 1,067 1,117 1,209 1,429
Exchange equipment 29 44 83 118 80
Other network equipment 753 899 1,060 854 727
Computers and office equipment 115 140 181 149 138
Motor vehicles and other 662 912 876 877 715
Land and buildings 29 23 33 61 68
2,490 3,085 3,350 3,268 3,157
Increase (decrease) in engineering stores 43 3 (11) (21) (15)
Total capital expenditure 2,553 3,088 3,339 3,247 3,142
(Decrease) increase in payables (24) (6) (24) 51 (202)
Cash outflow on capital expenditure 2,509 3,082 3,315 3,298 2,940
aRestated. See page 94.
bAdjusted results refer to the results before specific items, the BT Global Services contract and financial review charges in 2009, and net interest on pensions.
cThe ratio is based on profit before taxation and net finance expense to average capital employed. Capital employed is represented by total assets less current liabilities (excluding corporation tax, current
borrowings, derivative financial liabilities and finance lease creditors) less deferred tax assets, retirement benefit asset, cash and cash equivalents, derivative financial assets and investments.
dThe number of times net finance expense before net pension interest and specific items is covered by adjusted operating profit.
eThe number of times reported net finance expense is covered by reported operating profit.
ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW