|
Group’s
share of associates’ and joint ventures’ turnover
comprised:
|
2003 |
|
2002 |
|
2001 |
|
|
£m |
|
£m |
|
£m |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Joint
ventures: |
|
|
|
|
|
|
| Continuing
activities |
425 |
|
2,752 |
|
3,420 |
|
| Discontinued
activities |
– |
|
76 |
|
598 |
|
|
425 |
|
2,828 |
|
4,018 |
|
| Associates: |
|
|
|
|
|
|
| Continuing
activities |
1,030 |
|
1,297 |
|
1,205 |
|
| Discontinued
activities |
– |
|
639 |
|
4,714 |
|
|
1,030 |
|
1,936 |
|
5,919 |
|
|
|
|
|
|
|
|
| Group’s
share of associates’ and joint ventures’
turnover |
1,455 |
|
4,764 |
|
9,937 |
|
|
|
|
|
|
|
|
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 2001 and 2002 financial years, 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.
|
