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  Financial statistics
 
Years ended 31 March  

  2000   2001   2002   2003   2004  










 
Financial ratios                    
Basic earnings per share on continuing activities                    
   before goodwill amortisation and exceptional                    
   items pence 29.5   19.3   8.8   14.2   16.9  
Basic earnings (loss) per share on continuing                    
   activities pence 29.2   20.7   (34.8 ) 31.2   16.4  
Basic earnings (loss) per share pence 27.6   (25.7 ) 12.0   31.2   16.4  
Return on capital employed %a 18.2   14.9   6.6 de 15.5 de 15.1  
Interest coverb 8.8   2.6   0.6 c 2.0 c 3.0 c










 
a The ratio is based on profit before tax, goodwill amortisation and interest on long-term borrowings, to average capital employed. Capital employed is represented by total assets, excluding goodwill, less current liabilities, excluding corporate taxes and dividends payable, and provisions other than those for deferred taxation. Year-end figures are used in the computation of the average, except in the case of short-term investments and borrowings where average daily balances are used in their place.
b The number of times net interest payable is covered by total operating profit before goodwill amortisation.
c Interest cover based on continuing activities before goodwill amortisation and exceptional items was 3.3 times (2003 2.6 times).
d Return on capital employed is based upon the continuing activities.
e Return on capital employed on continuing activities before goodwill amortisation and exceptional items was 15.3% (2003 15.7%).
                     
  2000   2001   2002   2003   2004  
  m   m   m   m   m  










 
Expenditure on research and development                    
Total expenditure 345   364   362   380   334  










 
                     
  2000   2001   2002   2003   2004  
  m   m   m   m   m  










 
Expenditure on tangible fixed assets                    
Plant and equipment                    
   Transmission equipment 1,239   1,655   1,373   1,277   1,324  
   Exchange equipment 412   478   428   228   150  
   Other network equipment 636   918   694   466   585  
   Computers and office equipment 419   407   273   281   205  
   Motor vehicles and other 254   231   189   162   316  
Land and buildings 187   171   153   40   73  










 
  3,147   3,860   3,110   2,454   2,653  
Increase (decrease) in engineering stores 13   (3 ) (10 ) (9 ) 20  










 
Total continuing activities 3,160   3,857   3,100   2,445   2,673  
Total discontinued activities 520   1,129   808      










 
Total expenditure on tangible fixed assets 3,680   4,986   3,908   2,445   2,673  
(Increase) decrease in creditors (112 ) (230 ) 161   135   11  










 
Cash outflow on purchase of tangible fixed assets 3,568   4,756   4,069   2,580   2,684  










 

Financial statistics have been restated where necessary to provide consistency with the presentation of the 2004 financial year figures.

 

 

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