BT 2011 Annual Report Download - page 163
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160
ADDITIONAL INFORMATION
FINANCIAL STATISTICS
Year ended 31 March 2011 2010 2009 2008 2007
Financial ratios
Adjusted basic earnings per sharea– pence 21.0 17.3 14.1 20.2 19.1
Reported basic (loss) earnings per share – pence 19.4 13.3 (2.5) 21.5 34.4
Adjusted return on capital employeda, b – % 18.7 16.0 14.5 17.7 17.6
Reported return on capital employedb– % 16.9 13.3 2.3 14.4 16.5
Adjusted interest cover before net pension interestc– times 3.4 2.9 2.5 3.6 4.2
Reported interest coverd– times 2.8 1.8 0.5 6.2 27.0
2011 2010 2009 2008 2007
Year ended 31 March £m £m £m £m £m
Expenditure on research and development
Research and development expense 389 444 590 532 378
Amortisation of internally developed computer software 444 491 431 325 314
Total 833 935 1,021 857 692
2011 2010 2009 2008 2007
Year ended 31 March £m £m £m £m £m
Capital expenditure
Plant and equipment
Transmission equipment 985 902 1,067 1,117 1,209
Exchange equipment 43 29 44 83 118
Other network equipment 851 753 899 1,060 854
Computers and office equipment 592 115 140 181 149
Motor vehicles and other 87 662 912 876 877
Land and buildings 20 29 23 33 61
2,578 2,490 3,085 3,350 3,268
Increase (decrease) in engineering stores 12 43 3 (11) (21)
Total capital expenditure 2,590 2,533 3,088 3,339 3,247
Increase (decrease) in payables 55 (24) (6) (24) 51
Cash outflow on capital expenditure 2,645 2,509 3,082 3,315 3,298
aAdjusted results refer to the results before specific items.
bThe 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.
cThe number of times net finance expense before specific items is covered by adjusted operating profit.
dThe number of times reported net finance expense is covered by reported operating profit.
OVERVIEWBUSINESS REVIEWFINANCIAL REVIEWREPORT OF THE DIRECTORSFINANCIAL STATEMENTSADDITIONAL INFORMATION