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Report of the directors
Financial analysis
Statement of director's responsibility
Report of the auditors
Five year financial summary
Quarterly analysis of turnover and profit
Account policies
Group profit and loss account
Group statement of total recognised gains and losses
Group cash flow statement
Group balance sheet
Balance sheet of the company
Notes to the financial statements
Participating interests
United States Generally Accepted Accounting Principles reconciliations
Financial statistics
Operational statistics

Analysis of shareholders
Financial calender and supplementary information

Director's Report ans Financial Statements 1993Director's Report ans Financial Statements 1993 illustration of bird's eye view of houses
 

Operational statistics

   
Year ended 31 March
   
Call growth 1989 1990 1991 1992 1993
% growth in telephone call volumes over the previous year:
Inland   11 10 4 1 -
International (a)   13 13 6 4 6
(a) Outgoing, incoming and transit.          
 
    At 31 March
   
Exchange line connections 1989 1990 1991 1992 1993
Business ('000) 5,037 5,551 5,795 5,866 5,970
  % growth over previous year 10.5 10.2 4.4 1.2 1.8
Residential ('000)   18,703 19,246 19,573 19,729 20,114
  % growth over previous year 3.3 2.9 1.7 0.8 2.0
Total exchange line connections ('000)   23,740 24,797 25,368 25,595 26,084
  % growth over previous year 4.7 4.5 2.3 0.9 1.9
    At 31 March
   
Network modernisation 1989 1990 1991 1992 1993
% customer lines served by type of telephone exchange:          
Digital 23.1 37.7 46.9 54.6 64.0
Semi electronic 40.3 38.6 37.1 35.0 31.9
Electro mechanical 36.6 23.7 16.0 10.4 4.1
Total 100.0 100.0 100.0 100.0 100.0
% itemised billing availability 3.8 37.0 73.9 80.7 88.6
   
  At 31 March
 
Optical fibre 1989 1990 1991 1992 1993
Fibre kilometres in the network ('000) 610 938 1,441 2,045 2,337
   
  At 31 March
 
Cellnet 1989 1990 1991 1992 1993
Cellular telephones in the UK ('000) 258 429 509 547 658
   

At 31 March
 
People employed 1989 1990 1991 1992 1993
Total employees ('000) 244.4 245.7 226.9 210.5 170.7
           
Quality of service          
A report on the company's quality of service for the six months ended 31 March 1993 may be obtained from the BT Shareholder Enquiry Unit see Financial calendar and supplementary information.
           
Price control          
Under the company's licence, there are restrictions on the prices it may charge for its main switched telephone services. The company's performance against this price constraint, which is linked to the annual movement in the retail price index (RPI), is shown below.
   
  Year commencing 1 August
 
  1989 1990 1991 1992 1993
%RPI movement for the relevant period (a) 4.61 8.26 9.79 5.84 3.88
RPI formula in effect (3.00) (4.50) (4.50) (6.25) (6.25)
%permitted increase (required reduction) in prices (b) 2.80 3.76 5.52 (0.23) (0.95)(c)
%actual increase (reduction) in prices overall - 3.53 5.34 (0.73) (0.10)(d)

 

(a) Annual increase in RPI to previous June.

(b) After permitted carry forward of any unused allowance from previous years.

(c) After adjustment for a shortfall in directory enquiry revenue in the years commencing
1 August 1990 and 1991.

(d) Reductions implemented to 18 May 1993; a further reduction of 0.85% is required to be implemented before 31 July 1993.

Financial and operational statistics have been restated where necessary to provide consistency with the presentation of the 1993 figures.



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