|
| |
Notes
|
|
Continuing
activities
|
|
|
|
Before
goodwill
amortisation
and
exceptional
items
£m |
|
Goodwill
amortisation
and
exceptional
items
£m |
Total
£m |
|
|
|
|
|
|
|
|
|
| Total turnover |
2 |
|
18,914 |
|
– |
|
18,914 |
|
|
|
|
|
|
|
|
|
|
| Group’s share
of joint ventures’ turnover |
3 |
|
(352 |
) |
– |
|
(352 |
) |
| Group’s share
of associates’ turnover |
3 |
|
(43 |
) |
– |
|
(43 |
) |
|
|
|
|
|
|
|
|
|
| Group turnover |
2 |
|
18,519 |
|
– |
|
18,519 |
|
| Other operating
income |
4 |
|
177 |
|
– |
|
177 |
|
| Operating costs |
5 |
|
(15,804 |
) |
(19 |
) |
(15,823 |
) |
|
|
|
|
|
|
|
|
|
| Group operating
profit (loss) |
|
|
2,892 |
|
(19 |
) |
2,873 |
|
| Group’s share
of operating loss of joint ventures |
6 |
|
(12 |
) |
(26 |
) |
(38 |
) |
| Group’s share
of operating profit of associates |
6 |
|
4 |
|
– |
|
4 |
|
|
|
|
|
|
|
|
|
|
| Total operating
profit (loss) |
|
|
2,884 |
|
(45 |
) |
2,839 |
|
| Profit on sale
of fixed asset investments |
7 |
|
4 |
|
34 |
|
38 |
|
| Loss on sale of
group undertakings |
7 |
|
– |
|
(2 |
) |
(2 |
) |
| Profit on sale
of property fixed assets |
|
|
14 |
|
– |
|
14 |
|
| Interest receivable |
10 |
|
264 |
|
34 |
|
298 |
|
| Interest payable |
11 |
|
(1,150 |
) |
(89 |
) |
(1,239 |
) |
|
|
|
|
|
|
|
|
|
| Profit (loss)
on ordinary activities before taxation |
|
|
2,016 |
|
(68 |
) |
1,948 |
|
| Tax on profit
(loss) on ordinary activities |
12 |
|
(568 |
) |
29 |
|
(539 |
) |
|
|
|
|
|
|
|
|
|
| Profit (loss)
on ordinary activities after taxation |
|
|
1,448 |
|
(39 |
) |
1,409 |
|
| Minority interests |
13 |
|
8 |
|
– |
|
8 |
|
|
|
|
|
|
|
|
|
|
| Profit (loss)
for the financial year |
|
|
1,456 |
|
(39 |
) |
1,417 |
|
| Dividends |
14 |
|
|
|
|
|
(732 |
) |
|
|
|
|
|
|
|
|
|
| Retained profit
for the financial year |
28 |
|
|
|
|
|
685 |
|
|
|
|
|
|
|
|
|
|
| Basic earnings
per share |
15 |
|
16.9 |
p |
|
|
16.4 |
p |
| Diluted earnings
per share |
15 |
|
16.8 |
p |
|
|
16.3 |
p |
|
|
|
|
|
|
|
|
|
Group
profit and loss account
for
the year ended 31 March 2003
| |
|
|
Continuing
activities |
|
|
|
| |
|
|
|
|
|
|
| |
|
|
Before
goodwill |
|
Goodwill |
|
|
|
| |
|
|
amortisation |
|
amortisation |
|
|
|
| |
|
|
and
exceptional |
|
and
exceptional |
|
|
|
| |
|
|
items |
|
items |
|
Total |
|
| |
Notes |
|
£m |
|
£m |
|
£m |
|
|
|
|
|
|
|
|
|
|
| Total
turnover |
2 |
|
20,182 |
|
– |
|
20,182 |
|
|
|
|
|
|
|
|
|
|
| Group’s share
of joint ventures’ turnover |
3 |
|
(425 |
) |
– |
|
(425 |
) |
| Group’s share
of associates’ turnover |
3 |
|
(1,030 |
) |
– |
|
(1,030 |
) |
|
|
|
|
|
|
|
|
|
| Group
turnover |
2 |
|
18,727 |
|
– |
|
18,727 |
|
| Other operating
income |
4 |
|
215 |
|
– |
|
215 |
|
| Operating costs |
5 |
|
(16,152 |
) |
(218 |
) |
(16,370 |
) |
|
|
|
|
|
|
|
|
|
| Group operating
profit (loss) |
|
|
2,790 |
|
(218 |
) |
2,572 |
|
| Group’s share
of operating profit (loss) of joint ventures |
6 |
|
(31 |
) |
150 |
|
119 |
|
| Group’s share
of operating profit (loss) of associates |
6 |
|
212 |
|
(2 |
) |
210 |
|
|
|
|
|
|
|
|
|
|
| Total operating
profit (loss) |
|
|
2,971 |
|
(70 |
) |
2,901 |
|
| Profit on sale
of fixed asset investments |
7 |
|
– |
|
1,700 |
|
1,700 |
|
| Loss on sale of
group undertakings |
7 |
|
– |
|
(9 |
) |
(9 |
) |
| Profit on sale
of property fixed assets |
|
|
11 |
|
– |
|
11 |
|
| Interest receivable |
10 |
|
195 |
|
– |
|
195 |
|
| Amounts written
off investments |
9 |
|
(7 |
) |
– |
|
(7 |
) |
| Interest payable |
11 |
|
(1,341 |
) |
(293 |
) |
(1,634 |
) |
|
|
|
|
|
|
|
|
|
| Profit
on ordinary activities before taxation |
|
|
1,829 |
|
1,328 |
|
3,157 |
|
| Tax on profit
on ordinary activities |
12 |
|
(598 |
) |
139 |
|
(459 |
) |
|
|
|
|
|
|
|
|
|
| Profit
on ordinary activities after taxation |
|
|
1,231 |
|
1,467 |
|
2,698 |
|
| Minority interests |
13 |
|
(5 |
) |
(7 |
) |
(12 |
) |
|
|
|
|
|
|
|
|
|
| Profit for the
financial year |
|
|
1,226 |
|
1,460 |
|
2,686 |
|
| Dividends |
14 |
|
|
|
|
|
(560 |
) |
|
|
|
|
|
|
|
|
|
| Retained
profit for the financial year |
28 |
|
|
|
|
|
2,126 |
|
|
|
|
|
|
|
|
|
|
| Basic
earnings per share |
15 |
|
14.2 |
p |
|
|
31.2 |
p |
| Diluted
earnings per share |
15 |
|
14.1 |
p |
|
|
31.0 |
p |
|
|
|
|
|
|
|
|
|
Group
profit and loss account
for
the year ended 31 March 2002
| |
|
|
Continuing
activities
|
|
|
|
|
|
| |
Notes |
|
Before
goodwill
amortisation
and exceptional
items
£m |
|
Goodwill
amortisation
and
exceptional
items
£m |
|
Total
continuing
activities
£m |
|
Discontinued
activities and
intra-group
items
£m |
|
Total
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
turnover |
2 |
|
21,815 |
|
– |
|
21,815 |
|
2,827 |
|
24,642 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Group’s share
of joint ventures’ turnover |
3 |
|
(2,752 |
) |
– |
|
(2,752 |
) |
(76 |
) |
(2,828 |
) |
| Group’s share
of associates’ turnover |
3 |
|
(1,297 |
) |
– |
|
(1,297 |
) |
(639 |
) |
(1,936 |
) |
| Trading between
group and principal joint venture |
3 |
|
681 |
|
– |
|
681 |
|
– |
|
681 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Group
turnover |
2 |
|
18,447 |
|
– |
|
18,447 |
|
2,112 |
|
20,559 |
|
| Other operating
income |
4 |
|
361 |
|
– |
|
361 |
|
1 |
|
362 |
|
| Operating costs |
5 |
|
(16,037 |
) |
(2,817 |
) |
(18,854 |
) |
(2,546 |
) |
(21,400 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Group operating
profit (loss) |
|
|
2,771 |
|
(2,817 |
) |
(46 |
) |
(433 |
) |
(479 |
) |
| Group’s share
of operating profit (loss) of joint ventures |
6 |
|
(323 |
) |
(1,160 |
) |
(1,483 |
) |
19 |
|
(1,464 |
) |
| Group’s share
of operating profit (loss) of associates |
6 |
|
215 |
|
(175 |
) |
40 |
|
43 |
|
83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total operating
profit (loss) |
|
|
2,663 |
|
(4,152 |
) |
(1,489 |
) |
(371 |
) |
(1,860 |
) |
| Profit on sale
of fixed asset investments |
7 |
|
– |
|
169 |
|
169 |
|
3,208 |
|
3,377 |
|
| Profit (loss)
on sale of group undertakings |
7 |
|
– |
|
(148 |
) |
(148 |
) |
1,160 |
|
1,012 |
|
| Profit on sale
of property fixed assets |
8 |
|
27 |
|
1,062 |
|
1,089 |
|
– |
|
1,089 |
|
| Interest receivable |
10 |
|
360 |
|
– |
|
360 |
|
– |
|
360 |
|
| Amounts written
off investments |
9 |
|
– |
|
(535 |
) |
(535 |
) |
– |
|
(535 |
) |
| Interest payable |
11 |
|
(1,777 |
) |
(162 |
) |
(1,939 |
) |
(43 |
) |
(1,982 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Profit
(loss) on ordinary activities before taxation |
|
|
1,273 |
|
(3,766 |
) |
(2,493 |
) |
3,954 |
|
1,461 |
|
| Tax on profit
(loss) on ordinary activities |
12 |
|
(528 |
) |
143 |
|
(385 |
) |
(58 |
) |
(443 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Profit
(loss) on ordinary activities after taxation |
|
|
745 |
|
(3,623 |
) |
(2,878 |
) |
3,896 |
|
1,018 |
|
| Minority interests |
13 |
|
(10 |
) |
– |
|
(10 |
) |
(13 |
) |
(23 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Profit (loss)
for the financial year |
|
|
735 |
|
(3,623 |
) |
(2,888 |
) |
3,883 |
|
995 |
|
| Dividends (see
note below) |
14 |
|
|
|
|
|
|
|
|
|
(173 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Retained
profit for the financial year |
28 |
|
|
|
|
|
|
|
|
|
822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
earnings (loss) per share |
15 |
|
8.8 |
p |
|
|
(34.8 |
)p |
|
|
12.0 |
p |
| Diluted
earnings (loss) per share |
15 |
|
8.8 |
p |
|
|
(34.8 |
)p |
|
|
11.9 |
p |
|
|
|
|
|
|
|
|
|
|
|
|
|
In addition to the
final dividend for the year of £173 million there was a
demerger distribution of £19,490 million, representing the
net assets of mmO2 (including purchased goodwill) as
at the date of demerger. Of the demerger distribution, £9
million represents a cash dividend paid by British Telecommunications
plc to mmO2 plc as part of the demerger process.
|
