|
Financial
statistics
| |
|
Year ended 31 March |
| |
|
 |
| Financial ratios |
1989 |
1990 |
1991 |
1992 |
1993 |
|
| Earnings per share - pence |
25.9 |
25.0 |
34.0 |
33.2 |
19.8 |
| Growth in net dividends per share
% |
10.5 |
12.4 |
12.7 |
8.3 |
8.3 |
| Return on capital employed
% (a) |
20.4 |
21.4 |
20.6 |
19.3 |
13.6 |
| Gearing - net debt to equity
% (b) |
38.6 |
47.9 |
34.1 |
21.1 |
14.3 |
| Interest cover
(c) |
8.3 |
6.6 |
8.5 |
11.2 |
9.6 |
| Dividend cover (d) |
2.5 |
2.1 |
2.5 |
2.3 |
1.3 |
|
(a) The ratio is based on profit
before tax and interest on long term borrowings, adjusted to
reflect the utilisation of any restructuring provision, to average
capital employed. Capital employed is represented by total assets
less
current liabilities, excluding corporate taxes and dividends
payable, and provisions other than those for deferred taxation
and restructuring. 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 ratio is based on borrowings net of cash and short term
investments to capital and reserves and minority interests.
(c) The number of times net interest payable is covered by operating
profit. In 1993, net interest excludes the premium paid on the
repurchase of bonds.
(d) The number of times dividends are covered by earnings.
|
| |
Year ended 31 March |
| |
|
| |
|
1989
£m |
1990
£m |
1991
£m |
1992
£m |
1993
£m |
|
| Expenditure on research and
development |
214 |
228 |
243 |
240 |
233 |
|
| |
|
Year ended 31 March |
| |
|
|
| Expenditure on tangible fixed
assets |
1989
£m |
1990
£m |
1991
£m |
1992
£m |
1993
£m |
|
| Plant and equipment |
|
|
|
|
|
| Transmission |
1,061 |
1,378 |
1,310 |
1,173 |
835 |
| Telephone exchanges |
852 |
952 |
799 |
722 |
545 |
| Other network equipment |
284 |
301 |
284 |
281 |
296 |
| Computers and office equipment |
369 |
205 |
168 |
170 |
152 |
| Motor vehicles and other |
140 |
197 |
152 |
131 |
272 |
| Land and buildings |
167 |
185 |
113 |
54 |
66 |
| Increase (decrease) in engineering
stores |
74 |
(103) |
(68) |
(85) |
(11) |
|
| Total expenditure on tangible
fixed assets |
2,947 |
3,115 |
2,758 |
2,446 |
2,155 |
| Decrease (increase) in creditors |
(70) |
(12) |
117 |
119 |
(7) |
|
| Cash outflow on purchase of tangible
fixed assets |
2,877 |
3,103 |
2,875 |
2,565 |
2,148 |
|
© BT Group plc 2002 
Privacy policy |
