Financial statistics
| IFRS |
2008 |
|
2007 |
|
2006 |
|
2005 |
|
|
Financial ratios |
|
|
|
|
|
|
|
|
|
Basic earnings per share before specific items – pence |
23.9 |
|
22.7 |
|
19.5 |
|
18.1 |
|
|
Basic earnings per share – pence |
21.5 |
|
34.4 |
|
18.4 |
|
21.5 |
|
|
Return on capital employed before specific itemsa – %
(unaudited) |
17.7 |
|
17.6 |
|
18.1 |
|
18.2 |
|
Interest cover before net pension finance incomeb – times
(unaudited) |
3.6 |
|
4.2 |
|
3.6 |
|
3.4 |
|
|
|
|
|
|
|
|
|
|
|
|
2008 |
|
2007 |
|
2006 |
|
2005 |
|
|
|
£m |
|
£m |
|
£m |
|
£m |
|
|
Expenditure on research and development |
|
|
|
|
|
|
|
|
|
Research and development expense |
532 |
|
378 |
|
326 |
|
257 |
|
|
Amortisation of internally developed computer software |
325 |
|
314 |
|
161 |
|
95 |
|
|
|
|
|
|
|
|
|
|
|
Total |
857 |
|
692 |
|
487 |
|
352 |
|
|
|
|
|
|
|
|
|
|
| |
|
2008
|
|
2007
|
|
2006
|
|
2005 |
|
| |
|
£m
|
|
£m
|
|
£m
|
|
£m |
|
| Expenditure
on property, plant and equipment and software |
|
|
|
|
|
|
|
|
| Plant and
equipment |
|
|
|
|
|
|
|
|
| |
Transmission equipment |
1,117
|
|
1,209
|
|
1,429
|
|
1,488 |
|
| |
Exchange equipment |
83
|
|
118
|
|
80
|
|
143 |
|
| |
Other network equipment |
1,060
|
|
854
|
|
727
|
|
648 |
|
| |
Computers and office equipment |
181
|
|
149
|
|
138
|
|
187 |
|
| |
Motor vehicles and other |
876
|
|
877
|
|
715
|
|
474 |
|
|
Land and buildings |
33
|
|
61
|
|
68
|
|
64 |
|
|
|
|
|
|
|
|
|
|
|
| |
|
3,350
|
|
3,268
|
|
3,157
|
|
3,004 |
|
|
(Decrease) increase in engineering stores |
(11
|
) |
(21
|
) |
(15
|
) |
7 |
|
|
|
|
|
|
|
|
|
|
|
|
Total expenditure on property, plant and equipment |
3,339
|
|
3,247
|
|
3,142
|
|
3,011 |
|
|
(Increase) decrease in payables |
(24
|
) |
51
|
|
(202
|
) |
45 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash outflow on purchase of property, plant and equipment and software |
3,315
|
|
3,298
|
|
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 deferred tax
assets, 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 7.6 times (2007: 11.6 times, 2006: 5.6 times). |
UK GAAP |
2005
|
|
2004
|
|
|
Financial ratios |
|
|
|
|
|
Basic earnings per share before goodwill amortisation and exceptional
items – pence |
18.1
|
|
16.9
|
|
|
Basic earning per share – pence |
21.4
|
|
16.4
|
|
|
Return on capital employeda – %
(unaudited) |
15.5
|
c |
15.1
|
c
|
|
Interest coverb – times
(unaudited) |
3.5
|
d |
3.0
|
d |
|
|
|
|
|
|
|
2005 |
|
2004 |
|
|
|
£m |
|
£m |
|
|
Expenditure on research and development |
257 |
|
334 |
|
|
|
|
|
|
| |
|
2005 |
|
2004 |
|
| |
|
£m |
|
£m |
|
| Expenditure
on property, plant and equipment and software |
|
|
|
|
| Plant and equipment |
|
|
|
|
| |
Transmission equipment |
1,488 |
|
1,324 |
|
| |
Exchange equipment |
143 |
|
150 |
|
| |
Other network equipment |
648 |
|
585 |
|
| |
Computers and office equipment |
187 |
|
205 |
|
| |
Motor vehicles and other |
474 |
|
316 |
|
| Land and buildings |
64 |
|
73 |
|
|
|
|
|
|
|
| |
|
3,004 |
|
2,653 |
|
| Increase in
engineering stores |
7 |
|
20 |
|
|
|
|
|
|
| Total expenditure
on property, plant and equipment |
3,011 |
|
2,673 |
|
| Decrease in
payables |
45 |
|
11 |
|
|
|
|
|
|
|
| Cash outflow
on purchase of property, plant and equipment and software |
3,056 |
|
2,684 |
|
|
|
|
|
|
|
| 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) |
|
