BT 2016 Annual Report Download - page 239
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245
Overview The Strategic Report Governance Financial statements Additional information
Financial and operational statistics
Financial statistics
Year ended 31 March
2016
£m
2015
£m
2014
£m
2013
£m
2012
£m
(Increase) decrease in underlying revenue excluding transita,b 2.0% (0.4)% 0.5% (3.1)% (1.9)%
Adjusted EBITDAa,b 6,580 6,271 6,116 6,143 6,034
Free cash flowa
Normalised 3,098 2,830 2,450 2,300 2,307
Reported 3,069 2,782 2,171 2,292 2,318
Net debt at 31 Marcha9,845 5,119 7,028 7,797 9,082
Operating costs excluding depreciation and amortisationb12,329 11,580 12,171 12,196 13,363
Expenditure on research and development
Research and development operating expense 73 87 170 279 285
Capitalised software development costs 399 421 365 265 275
Total expenditure on research and developmentc472 508 535 544 560
Capital expenditure
Additions to property, plant and equipment comprised:
Land and buildings 31 31 44 42 37
Network infrastructure
Transmission equipment 1,559 1,472 1,126 1,170 1,121
Exchange equipment 41 33 24 32 46
Other network equipment 652 455 657 660 794
Other
Computers and office equipment 48 85 112 80 95
Motor vehicles and other 19 75 824 43
Total additions to property, plant and equipment 2,350 2,151 1,971 2,008 2,136
(Increase) decrease in engineering stores (3) 6(5) (9) (1)
2,347 2,157 1,966 1,999 2,135
Software additions 412 561 506 454 459
Total capital expenditure before government grants 2,759 2,718 2,472 2,453 2,594
Government grants (109) (392) (126) (15) –
Total capital expenditure net of government grants 2,650 2,326 2,346 2,438 2,594
(Decrease) increase in net payables and receivables (184) 92 10 43 (16)
Cash outflow from capital expenditure before purchases of telecommunications licences 2,466 2,418 2,356 2,481 2,578
Purchases of telecommunications licences –––202 –
Cash outflow from total capital expenditure 2,466 2,418 2,356 2,683 2,578
a Defined on pages 240 to 242.
b Before specific items.
c We have re-presented certain prior year information to be on a consistent basis.