BT 2010 Annual Report Download - page 44

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REVIEW OF THE YEAR FINANCIAL REVIEW
42 BT GROUP PLC ANNUAL REPORT & FORM 20-F
Summarised group income statement 2010 2009b2008b
Year ended 31 March £m £m £m
Revenue
Adjusteda20,911 21,431 20,704
Specific items (52) – –
Contract and financial review charges – (41) –
Reported 20,859 21,390 20,704
Other operating income
Adjusteda378 352 359
Specific items 2 (13) (10)
Reported 380 339 349
Operating costs
Adjusteda(18,689) (19,435) (18,168)
Specific items (427) (395) (529)
Contract and financial review charges – (1,598) –
Reported (19,116) (21,428) (18,697)
Operating profit
Adjusteda2,600 2,348 2,895
Specific items (477) (408) (539)
Contract and financial review charges – (1,639) –
Reported 2,123 301 2,356
Net finance expense
Adjusteda(890) (933) (798)
Specific items 11––
Net interest on pensions (279) 313 420
Reported (1,158) (620) (378)
Share of post tax profits (losses) of associates and joint ventures
Adjusteda25 39 (11)
Specific items 29 36 –
Reported 54 75 (11)
(Loss) profit on disposal of associates and joint ventures – specific items (12) – 9
Profit (loss) before taxation
Adjusteda1,735 1,454 2,086
Specific items (449) (372) (530)
Contract and financial review charges – (1,639) –
Net interest on pensions (279) 313 420
Reported 1,007 (244) 1,976
Taxation credit (charge)
Adjusteda(398) (361) (455)
Specific items 342 43 343
Contract and financial review charges – 459 –
Net interest on pensions 78 (88) (126)
Reported 22 53 (238)
Profit (loss) for the year
Adjusteda1,337 1,093 1,631
Specific items (107) (329) (187)
Contract and financial review charges – (1,180) –
Net interest on pensions (201) 225 294
Reported 1,029 (191) 1,738
Basic earnings (loss) per share
Adjusteda17.3p 14.1p 20.2p
Specific items (1.4)p (4.3)p (2.4)p
Contract and financial review charges – (15.3)p –
Net interest on pensions (2.6)p 3.0p 3.7p
Reported 13.3p (2.5)p 21.5p
aAdjusted revenue, adjusted other operating income, adjusted operating costs, adjusted operating profit, adjusted net finance expense, adjusted share of post tax profits (losses) of associates and joint
ventures, adjusted profit (loss) before taxation, adjusted taxation credit (charge), adjusted profit (loss) for the year and adjusted basic earnings (loss) per share 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.
bRestated. See page 94.