BT 2010 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2010 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 180

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS
97BT GROUP PLC ANNUAL REPORT & FORM 20-F
GROUP INCOME STATEMENT
Before specific Specific
itemsbitemsaTotalb
Year ended 31 March 2008 Notes £m £m £m
Revenue 120,704 – 20,704
Other operating income 2 359 (10) 349
Operating costs 3 (18,168) (529) (18,697)
Operating profit 12,895 (539) 2,356
Finance expense 6 (2,891) – (2,891)
Finance income 6 2,513 – 2,513
Net finance expense (378) – (378)
Share of post tax loss of associates and joint ventures (11) – (11)
Profit on disposal of associate –99
Profit before taxation 2,506 (530) 1,976
Taxation 8 (581) 343 (238)
Profit for the year 1,925 (187) 1,738
Attributable to:
Equity shareholders of the parent 1,924 (187) 1,737
Minority interests 1–1
Earnings per share 9
Basic 21.5p
Diluted 21.1p
aFor a definition of specific items, see page 87. An analysis of specific items is provided in note 5.
bRestated. See page 94.
GROUP STATEMENT OF COMPREHENSIVE INCOME
2010 2009a2008a
Year ended 31 March Notes £m £m £m
Profit (loss) for the year 1,029 (191) 1,738
Other comprehensive (loss) income
Actuarial (losses) gains relating to retirement benefit obligations 29 (4,324) (7,037) 2,621
Exchange differences on translation of foreign operations 25 (119) 692 213
Fair value movements on available-for-sale assets 25 7 5 –
Fair value movements on cash flow hedges:
– fair value (losses) gains 25 (1,067) 2,719 446
– reclassified and reported in net profit (loss) 25 496 (2,144) (294)
– reclassified and reported in non current assets 25 (4) (5) 11
Tax on components of other comprehensive income 8 1,350 1,859 (832)
Other comprehensive (loss) income for the year, net of tax (3,661) (3,911) 2,165
Total comprehensive (loss) income for the year (2,632) (4,102) 3,903
Attributable to:
Equity shareholders of the parent (2,633) (4,113) 3,899
Minority interests 111 4
(2,632) (4,102) 3,903
aRestated. See page 94.
ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW