BT 2014 Annual Report Download - page 62
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59
The Strategic Report
Group performance
Group performance
Group nancial results
We have made good progress in a number of areas and delivered strong nancial results for the year.
The investments we are making will support our goal to deliver sustainable, protable revenue growth.
EBITDA
Year ended 31 March
2013a
2012a2014
5,600
5,700
5,800
5,900
6,000
6,200
6,100
£m
reported 1% 1%
0%
adjustedb2%
20142013
6,034
5,791
5,861
6,143
5,840
6,116
Free cash Ʈow
Year ended 31 March
20132012 2014
2,000
2,100
2,200
2,300
2,400
2,500
£m
reported 1% 5%
7%
normalisede0%
20142013
2,307
2,318
2,292
2,300
2,171
2,450
Net debt
At 31 March
20132012 2014
0
2,000
4,000
6,000
10,000
8,000
£m
9,082
7,797
7,028
ProƬt before tax
Year ended 31 March
2013a
2012a2014
0
1,000
500
1,500
2,000
2,500
3,000
£m
reported 9% 0%
6%
adjustedb11%
20142013
2,391
2,120
2,315
2,656
2,312
2,827
Revenue
Year ended 31 March
2013a
2012a2014
17,000
17,500
18,000
18,500
19,000
19,500
£m
reported 5% 1%
0%
adjustedb5%
20142013
19,397
18,103
18,339
18,287
18,287
18,987
Earnings per share
Year ended 31 March
2013a
2012a2014
0
5
10
15
20
30
25
pence
reported 10% 4%
7%
adjustedb12%
20142013
22.6
23.4
24.8
26.3
25.7
28.2
Capital expenditured
Year ended 31 March
20132012 2014
£m
2,594
2,438
2,346
2,000
2,120
2,240
2,360
2,480
2,600
Operating costsc
Year ended 31 March
2013a
2012a2014
11,000
11,500
12,000
12,500
13,000
13,500
£m
reported 6% 1%
0%
adjustedb9%
20142013
13,363
12,312
12,196
12,447
12,171
13,126
.5p
10.p
15%
2014
2013
Change
Proposed full year dividend
Year ended 31 March
a Certain results for the years ending 31 March 2013 and 2012 have been restated.
See note 1 to the consolidated Ƭnancial statements on page 127 for further details.
b Items presented as adjusted are stated before speciƬc items. See page 184 for further details.
c Before depreciation and amortisation.
d Before purchases of telecommunications licences.
e See deƬnition on page 185 and summarised cash Ʈow statement on page 64.