BT 2011 Annual Report Download - page 103

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100
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS
GROUP INCOME STATEMENT
Before specific Specific
items itemsaTotal
Year ended 31 March 2011 Notes £m £m £m
Revenue 120,076 – 20,076
Other operating income 2 373 – 373
Operating costs 3 (17,542) (329) (17,871)
Operating profit 12,907 (329) 2,578
Finance expense 9 (880) (2,323) (3,203)
Finance income 9 35 2,244 2,279
Net finance expense (845) (79) (924)
Share of post tax profit of associates and joint ventures 17 21 – 21
Profit on disposal of interest in associate 8 – 42 42
Profit before taxation 2,083 (366) 1,717
Taxation 10 (452) 239 (213)
Profit for the year 1,631 (127) 1,504
Attributable to:
Equity shareholders of the parent 1,629 (127) 1,502
Non-controlling interests 26 2 – 2
Earnings per share 11
Basic 19.4p
Diluted 18.5p
aFor a definition of specific items, see page 91. An analysis of specific items is provided in note 8.
Before specific Specific
itemsaitemsaTotal
Year ended 31 March 2010 Notes £m £m £m
Revenue 120,911 (52) 20,859
Other operating income 2 378 2 380
Operating costs 3 (18,689) (427) (19,116)
Operating profit 12,600 (477) 2,123
Finance expense 9 (902) (2,211) (3,113)
Finance income 9 12 1,943 1,955
Net finance expense (890) (268) (1,158)
Share of post tax profit of associates and joint ventures 17 25 29 54
Loss on disposal of interest in associate 8 – (12) (12)
Profit before taxation 1,735 (728) 1,007
Taxation 10 (398) 420 22
Profit for the year 1,337 (308) 1,029
Attributable to:
Equity shareholders of the parent 1,336 (308) 1,028
Non-controlling interests 26 1 – 1
Earnings per share 11
Basic 13.3p
Diluted 12.9p
aIn 2011 the group amended its definition of specific items. Comparatives for 2010 have been re-presented to be on a consistent basis. See page 91 for details.
OVERVIEWBUSINESS REVIEWFINANCIAL REVIEWREPORT OF THE DIRECTORSFINANCIAL STATEMENTSADDITIONAL INFORMATION