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Regulatory
financial information
BT is required under the continuation
notice issued by Oftel on 25 July 2003, which extends the applicability of
certain conditions previously included in its main licence, to publish
disaggregated financial information for various activities of the group, which
have been used as the basis of charges paid by other telecommunication
operators in the UK for the use of BT’s network. The activities presented
separately in the regulatory financial statements do not necessarily correspond
with any businesses separately managed, funded or operated within the group.
The results set out in regulatory financial statements for the 2003 and 2002
financial years showed that the group’s operating profit is derived
predominantly from fixed-network calls.
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