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Group turnover, excluding
BT’s share of the ventures’ turnover, grew by 9.1% to £20,427 million in the
2001 financial year after growing by 10.4% in the 2000 financial year compared
with the 1999 financial year. The strong growth in demand for the group’s
products and services of approximately 9% in the 2001 financial year was
partially offset by the effect of price reductions which averaged approximately
1% across the business. The principal areas of growth were through the
acquisition of interests in Europe and from interconnect with other UK
operators. Acquisitions made in the 2001 and 2000 financial years contributed
approximately £940 million to the growth in turnover. The transfer of certain
BT businesses to the Concert global venture in January 2000 has had the effect
of reducing group turnover by approximately £610 million. In the 2000 financial
year, acquisitions in the 2000 and 1999 financial years contributed about 25%
of the growth in group turnover. Growth in demand of approximately 11% in the
2000 financial year was partially offset by the effect of price reductions
which averaged approximately 3% across the business. Both mobile calls and
interconnect receipts in the UK made strong contributions to the growth in
group turnover in the 2000 financial year, as a result of the significant
growth in BT Cellnet’s mobile customer base and increased mobile usage.
The group’s turnover by
product is analysed as follows: |
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| Fixed-network calls |
5,655 |
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5,908 |
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6,026 |
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| Exchange lines |
3,674 |
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3,526 |
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3,351 |
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| Receipts from other operators |
2,814 |
|
1,974 |
|
1,417 |
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| Wireless products |
2,760 |
|
2,170 |
|
1,400 |
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| Private services |
1,091 |
|
1,135 |
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1,140 |
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| Solutions |
1,074 |
|
915 |
|
746 |
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| Yellow Pages and other directories |
754 |
|
642 |
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491 |
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| Customer premises equipment supply |
726 |
|
847 |
|
870 |
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| Other sales and services |
1,879 |
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1,598 |
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1,512 |
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| Group turnover |
20,427 |
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18,715 |
|
16,953 |
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| Share of ventures’ turnover |
9,937 |
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3,364 |
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1,270 |
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Trading between group
and principal joint venture |
(698 |
) |
(176 |
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| Total turnover |
29,666 |
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21,903 |
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18,223 |
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| (a) |
Figures for the 1999 and 2000 financial years have been restated
to conform with the method of classification used in the 2001 financial year. |
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