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| In the 2001 financial year,
approximately 91% of the group’s turnover was generated by operations in the
UK, compared with 95% in the 2000 and 96% in the 1999 financial years.
Including BT’s proportionate share of its ventures, which are mainly located
outside the UK, 62% of total turnover was generated in the UK, compared with
82% in the 2000 financial year and 90% in the 1999 financial year. BT’s
operating profits have been derived from its UK operations with losses being
incurred outside the UK in each of the last three financial years. |
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