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3.   Turnover
Group’s share of associates’ and joint ventures’ turnover comprised:

  2004   2003   2002  
  £m   £m   £m  






 
Joint ventures:            
   Continuing activities 352   425   2,752  
   Discontinued activities     76  
  352   425   2,828  
Associates:            
   Continuing activities 43   1,030   1,297  
   Discontinued activities     639  
  43   1,030   1,936  






 
Group’s share of associates’ and joint ventures’ turnover 395   1,455   4,764  






 

Concert, the joint venture with AT&T, was formed on 5 January 2000 and was unwound on 1 April 2002 (see note 18). The group’s share of trading with Concert in the 2002 financial year, primarily in respect of international calls made to and from the UK and for services provided to Concert in the UK for the multinational customers transferred to Concert, is eliminated in arriving at total turnover, including the proportionate share of the group’s associates and joint ventures, and is added back in arriving at group turnover.

 

 

 

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