BT 2011 Annual Report Download - page 47

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FINANCIAL REVIEW
45 INTRODUCTION FROM THE GROUP FINANCE DIRECTOR
46 FINANCIAL PERFORMANCE
46 Summarised income statement
46 Group results
46 Outlook
46 Revenue
47 Other operating income
47 Transforming our cost base
48 Adjusted EBITDA
49 Operating profit
49 Net finance expense
49 Associates and joint ventures
49 Profit before taxation
49 Taxation
49 Adjusted earnings per share
50 Dividends
50 LIQUIDITY
50 Free cash flow
50 Summarised cash flow statement
51 Taxation
52 FUNDING AND CAPITAL MANAGEMENT
52 Capital management and funding policy
54 Contractual obligations and commitments
54 Off-balance sheet arrangements
54 Quantitative and qualitative disclosures about interest,
foreign exchange, credit and liquidity risks
54 Going concern
54 FINANCIAL POSITION AND RESOURCES
54 Summarised balance sheet
56 Acquisitions and disposals
56 Legal proceedings
56 Principal accounting policies, critical accounting estimates
and key judgements
56 ALTERNATIVE PERFORMANCE MEASURES
56 Introduction
56 Specific items
57 EBITDA
57 Adjusted earnings per share
58 Free cash flow
58 Net debt
44
OVERVIEWBUSINESS REVIEWFINANCIAL REVIEWREPORT OF THE DIRECTORSFINANCIAL STATEMENTSADDITIONAL INFORMATION