|
FINANCIAL
STATISTICS
Years
ended 31 March
IFRS |
|
2006 |
|
2005 |
|
|
|
|
Financial
ratios |
|
|
|
|
|
|
Basic
earnings per share before specific items – pence |
|
19.5 |
|
18.1 |
|
|
Basic
earnings per share – pence |
|
18.4 |
|
21.5 |
|
|
Return
on capital employed before specific itemsa –
% |
|
16.8 |
|
16.5 |
|
|
Interest
cover before net pension finance incomeb –
times |
|
3.6 |
|
3.4 |
|
|
|
|
|
2006 |
|
2005 |
|
| |
|
£m |
|
£m |
|
|
|
Expenditure
on research and development |
|
|
|
|
|
Research
and development expense |
|
326 |
|
257 |
|
Amortisation
of capitalised software development costs |
|
160 |
|
95 |
|
|
|
Total |
|
486 |
|
352 |
|
|
|
|
|
2006 |
|
2005 |
|
| |
|
£m |
|
£m |
|
|
|
Expenditure
on property plant and equipment and software |
|
|
|
|
|
Plant
and equipment |
|
|
|
|
|
Transmission
equipment |
|
1,429 |
|
1,488 |
|
Exchange
equipment |
|
80 |
|
143 |
|
Other
network equipment |
|
727 |
|
648 |
|
Computers
and office equipment |
|
281 |
|
312 |
|
Motor
vehicles and other |
|
572 |
|
349 |
|
Land
and buildings |
|
68 |
|
64 |
|
|
|
| |
|
3,157 |
|
3,004 |
|
Increase
(decrease) in engineering stores |
|
(15 |
) |
7 |
|
|
|
Total
expenditure on property plant and equipment |
|
3,142 |
|
3,011 |
|
(Increase)
decrease in payables |
|
(202 |
) |
45 |
|
|
|
Cash
outflow on purchase of property plant and equipment and software |
|
2,940 |
|
3,056 |
|
|
|
| a |
The
ratio is based on profit before taxation and net finance expense
to average capital employed. Capital employed is represented
by total assets less current liabilities (excluding corporation
tax, current borrowings, derivative financial liabilities
and finance lease creditors) less cash and cash equivalents,
derivative financial assets and investments. |
| b |
The
number of times net finance expense before net pension finance
income is covered by total operating profit. Interest cover
including net pension finance income is 5.6 times (2005: 4.5
times). |
UK
GAAP |
|
2005 |
|
2004 |
|
2003 |
|
2002 |
|
|
|
Financial
ratios |
|
|
|
|
|
|
|
|
|
Basic
earnings per share on continuing activities before goodwill
amortisation and exceptional items – pence |
|
18.1 |
|
16.9 |
|
14.4 |
|
9.0 |
|
Basic
earnings (loss) per share on continuing activities –
pence |
|
21.4 |
|
16.4 |
|
31.4 |
|
(34.6 |
) |
Basic
earning (loss) per share – pence |
|
21.4 |
|
16.4 |
|
31.4 |
|
12.1 |
|
Return
on capital employeda – % |
|
15.5 |
c |
15.1 |
c |
15.5 |
|
6.6 |
|
Interest
coverb – times |
|
3.5 |
d |
3.0 |
d |
2.0 |
|
0.6 |
|
|
|
| |
|
2005 |
|
2004 |
|
2003 |
|
2002 |
|
| |
|
£m |
|
£m |
|
£m |
|
£m |
|
|
|
Expenditure
on research and development |
|
|
|
|
|
|
|
|
|
Total
expenditure |
|
257 |
|
334 |
|
380 |
|
362 |
|
|
|
| |
|
2005 |
|
2004 |
|
2003 |
|
2002 |
|
| |
|
£m |
|
£m |
|
£m |
|
£m |
|
|
|
Expenditure
on property plant and equipment and software |
|
|
|
|
|
|
|
|
|
Plant
and equipment |
|
|
|
|
|
|
|
|
|
Transmission
equipment |
|
1,488 |
|
1,324 |
|
1,277 |
|
1,373 |
|
Exchange
equipment |
|
143 |
|
150 |
|
228 |
|
428 |
|
Other
network equipment |
|
648 |
|
585 |
|
466 |
|
694 |
|
Computers
and office equipment |
|
312 |
|
205 |
|
281 |
|
273 |
|
Motor
vehicles and other |
|
349 |
|
316 |
|
162 |
|
189 |
|
Land
and buildings |
|
64 |
|
73 |
|
40 |
|
153 |
|
|
|
| |
|
3,004 |
|
2,653 |
|
2,454 |
|
3,110 |
|
Increase
(decrease) in engineering stores |
|
7 |
|
20 |
|
(9 |
) |
(10 |
) |
|
|
Total
continuing activities |
|
3,011 |
|
2,673 |
|
2,445 |
|
3,100 |
|
Total
discontinued activities |
|
– |
|
– |
|
– |
|
808 |
|
|
|
Total
expenditure on property plant and equipment |
|
3,011 |
|
2,673 |
|
2,445 |
|
3,908 |
|
(Increase)
decrease in payables |
|
45 |
|
11 |
|
135 |
|
161 |
|
|
|
Cash
outflow on purchase of property plant and equipment and software |
|
3,056 |
|
2,684 |
|
2,580 |
|
4,069 |
|
|
|
| a |
The
ratio is based on profit before tax, goodwill amortisation
and interest on long-term borrowings, to average capital employed. |
| b |
The
number of times net interest payable is covered by total operating
profit before goodwill amortisation. |
| c |
Return
on capital employed before goodwill amortisation and exceptional
items was 16.0% (2004 – 15.3%) |
| d |
Interest
cover before goodwill amortisation and exceptional items was
3.6 times (2004 – 3.3 times) |
|
