Free Accounting Dissertations - Btplc.com/sharesandperformance/howwehavedone/financialreports/annualreports/ann
btplc.com/Sharesandperformance/Howwehavedone/Financialreports/Annualreports/AnnualReports.htm
Appendix 2: Summary consolidated cash flow statement
£m
2004
Net cash inflow from operating activities
5,392
Net cash outflow from return on investments
-527
Taxation
-317
Net cash outflow from capital expenditure
-2,477
Net cash inflow before acquistions and disposals
2,071
Net cash inflow from acquistions and disposals
-60
Equity dividends paid
-645
Net cash inflow before financing
1,366
Management of liquid resources
1,123
2,489
Financing
Issue of ordinary share capital
0
Repurchase of share
-144
New loans
1,326
Repayment of loans
-3,627
Net cash outflow from financing
-2,445
Increase in cash in the year
44
Source: BT Group Annual Report 2004, http://www.btplc.com/Sharesandperformance/Howwehavedone/Financialreports/Annualreports/AnnualReports.htm
Appendix 3: Earnings per share
2000
2001
2002
2003
2004
Basic, p
27.6
-25.7
12.0
31.2
16.4
% change
-
-
160.0%
-47.4%
Before goodwill amortisation and exceptional items, p
29.8
17.5
6.1
14.2
16.9
% change
-41.3%
-65.1%
132.8%
19.0%
Source: BT Group Annual Report 2004, http://www.btplc.com/Sharesandperformance/Howwehavedone/Financialreports/Annualreports/AnnualReports.htm
Appendix 4: Five year dividend history
2000
2001
2002
2003
2004
Dividend, p
19.6
7.1
2.0
6.5
8.5
% change
-63.9%
-71.8%
225.0%
30.8%
Dividend / Earning per share before goodwill and amortisation
66%
40%
33%
46%
50%
Source: BT Group Annual Report 2004, http://www.btplc.com/Sharesandperformance/Howwehavedone/Financialreports/Annualreports/AnnualReports.htm
Bibliography and references
BT Group; Annual Report, 2004, http://www.btplc.com/Sharesandperformance/Howwehavedone/Financialreports/Annualreports/AnnualReports.htm
Financial Times; www.ft.
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