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| Total turnover in the 2001
financial year of £29,666 million includes BT’s proportionate share of its
ventures’ turnover of £9,937 million before adjusting for trading between the
Concert joint venture and the BT group. This total turnover grew by 35% in the
2001 financial year after growing by 20% in the 2000 financial year compared
with the total turnover in the 1999 financial year. BT’s acquisitions of
businesses and interests in new ventures in North America, Europe and Asia
Pacific, including Concert from January 2000, accounted for around
three-quarters of the increase in total turnover in the 2001 financial year and
around a half of the increase in total turnover in the 2000 financial year. |
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