Link to bt.com
 
spacer Download pdf spacer Print page spacer Contact us spacer return to BTplc.com
 Home >> Consolidated financial statements >> Notes to the financial statements

6. Group’s share of operating profit (loss) of associates and joint ventures

The group’s share of operating profit (loss) of associates and joint ventures comprised:

  spacer   spacer   spacer  
2003 2002 2001
£m £m £m






Joint ventures:
      Continuing activities 119   (1,483 ) (509 )
      Discontinued activities   19   (257 )
119 (1,464 ) (766 )
Associates:
      Continuing activities 210   40   (22 )
      Discontinued activities   43   391  
210 83 369






Group’s share of operating profit (loss) of associates and joint venturesa 329 (1,381 ) (397 )






a Includes:
Exceptional costs relating to the impairment of goodwill 433 200
Exceptional costs relating to the impairment of investments and
 (release) charge of related exit costs
(150 ) 780
Exceptional costs relating to the Concert unwind 81
Exceptional costs relating to write off of subscriber acquisition costs 132
Amortisation of goodwill arising in joint ventures and associates 2 53 185






<<Previous | Back to top | Next>>

© BT Group plc 2003       Privacy policy