Accounting for business

BT Group plc Statements of Financial Position
Vertical Horizontal
2015 2014 2015 2014 2015
£m £m
Current assets
Programme rights 118 108 0% 0% 9%
Inventories 94 82 0% 0% 15%
Trade receivables 1,454 1,370 Note 16 p169 5% 6% 6%
Other receivables 1,686 1,537 6% 6% 10%
Current tax receivable 65 26 0% 0% 150%
Derivative financial instruments 97 114 0% 0% (15%)
Investments 3,523 1,774 13% 7% 99%
Cash and cash equivalents 434 695 2% 3% (38%)
Current assets 7,471 5,706 27% 23% 31%
Non-current assets
Intangible assets 3,170 3,087 12% 12% 3%
Property, plant and equipment 13,505 13,840 50% 56% (2%)
Derivative financial instruments 1,232 539 5% 2% 129%
Investments 44 34 0% 0% 29%
Associates and joint ventures 26 18 0% 0% 44%
Trade and other receivables 184 214 1% 1% (14%)
Deferred tax assets 1,559 1,460 6% 6% 7%
Non-current assets 19,720 19,192 73% 77% 3%
Total assets 27,191 24,898 100% 100% 9%
Current liabilities
Loans and other borrowings 1,900 1,873 7% 8% 1%
Derivative financial instruments 168 139 1% 1% 21%
Trade payables 2,835 2,745 Note 17 p170 10% 11% 3%
Other payables 2,441 2,516 9% 10% (3%)
Current tax liabilities 222 315 1% 1% (30%)
Provisions 142 99 1% 0% 43%
7,708 7,687 28% 31% 0%
Non-current liabilities
Loans and other borrowings 7,868 7,941 29% 32% (1%)
Derivative financial instruments 927 679 3% 3% 37%
Retirement benefit obligations 7,583 7,022 28% 28% 8%
Other payables 927 898 3% 4% 3%
Deferred tax liabilities 948 829 3% 3% 14%
Provisions 422 434 2% 2% (3%)
Non-current liabilities 18,675 17,803 69% 72% 5%
Total liabilities 26,383 25,490 97% 102% 4%
Equity
Ordinary shares 419 408 2% 2% 3%
Share premium 1,051 62 4% 0% 1595%
Own shares (165) (829) (1%) (3%) (80%)
Other reserves 1,485 1,447 5% 6% 3%
Retained loss (1,982) (1,680) (7%) (7%) 18%
Total equity (deficit) 808 (592) 3% (2%) (236%)
Total equity and liabilities 27,191 24,898 100% 100% (233%)
BT Group income statements
Revenue 17,979 18,287 100% 100% (2%)
Operating costs (14,499) (15,142) (81%) (83%) (4%)
Operating profit (loss) 3,480 3,145 19% 17% 11%
Finance expense (876) (838) (5%) (5%) 5%
Finance income 17 12 0% 0% 42%
Net finance expense (859) (826) (5%) (5%) 4%
Share of post tax loss of associates and joint ventures (1) (3) (0%) (0%) (67%)
Profit/(loss) on disposal of interest in associates and joint ventures 25 (4) 0% (0%) (725%)
Profit/(loss) before taxation 2,645 2,312 15% 13% 14%
Taxation (510) (294) (3%) (2%) 73%
Profit/(loss) for the year 2,135 2,018 12% 11% 6%
Dividend (£) 1,028,000,000 880,000,000 Note 11 p165
Weighted average number of shares outstanding   8,056,000,000   7,857,000,000 Note 10 p165
Closing share price (£)                     4.38                     3.80 FAME 28/10/16
2015 2014
Profitability
Return on capital employed 17.9% 18.3%
Return on equity 264.2% -340.9%
Gross margin N/A N/A
Operating profit margin 19.4% 17.2%
Net profit margin 11.9% 11.0%
Liquidity
Current ratio 0.97 0.74
Quick/acid test ratio 0.96 0.73
Efficiency in use of assets
Asset turnover 0.9 1.1
Inventory days 2.4 2.0
Inventory turnover 154 185
Receivables days 30 27
Payables days 71 66
Solvency/gearing
Gearing ratio 96% 103%
Interest cover
3.99
3.77
Interest cover (excluding  finance income) 3.97 3.75
Investor ratios
Dividend per share (£)                     0.13                     0.11
Dividend cover                     2.08                     2.29
Earnings per share (£) 0.27 0.26
Dividend yield 2.9% 2.9%
Price/earnings ratio                   16.53                   14.80
Dividends per share (£) 0.12 0.11
Earnings per share (£) 0.27 0.26
Get a 10 % discount on an order above $ 100
Use the following coupon code :
SKYSAVE