|
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.
|