Financial Report


BT GROUP PLC


Statutory Information
 
Previous Name(s):
NEWGATE TELECOMMUNICATIONS LIMITED until 11/09/2001
 
Registered Number: 04190816
 
Registered Office: 81 NEWGATE STREET Date of Incorporation: 30/03/2001
LONDONLatest Filed Accounts Date: 31/03/2002
EC1A 7AJ Date Accounts Lodged:30/07/2002
Latest Annual Return: 30/03/2002
Issued Capital (£):433,534,650
Accounts Reference Date: 31/03/2002
Date of Analysed Accounts: 31/03/2002
 
Company is: Quoted
Public limited with share capital
English/Welsh companies incorporated under part 1 of the Companies Act
Type of Accounts: Group
 
Directory Information
 
Trading Address: - Telephone Number: -
Fax Number: -
 
Region: CENTRAL LONDON
Bankers:
Auditors: PricewaterhouseCoopers
Audit Qualification: The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2002.
Principal Activities: A group engaged in the provision of telecommunication services, primarily fixed voice and data call services, including broadband and internet services.
 
UK SIC Code(s):
64200 Telecommunications
45310 Installation of electrical wiring and fittings
 
Risk Information
 

Risk Score

2002 65 Credit Limit (£): 310,000,000
- - Contract Limit (£): 2,140,000,000
- -
- -
The ICC score has been designed to predict the likelihood of a company becoming insolvent within the year. The latest score is 65 and this indicates a risk level for the next year three to four times less than the average rate of 2%. We would expect 35.74% of companies to be at and above this score. The credit limit is £310,000,000, which is a reflection of the score and the substantial financial strength of the company.
 
County Court Judgments: There are no unsatisfied CCJs against the company.
 
Ownership
 

Group Structure

Holding Company:
Ultimate Holding Company:
 

All Live Subsidiaries on ICC Database by Turnover

Reg. No. Name Sales(£'000) A/C Date Status
02191609 SYNTEGRA (UK) LIMITED 53,514 31/03/2001 Large
03612199 FARLAND SERVICES UK LIMITED 9,001 31/03/2001 Large
00783854 SYNTEGRA.COM LTD 3,350 31/03/2001 Large
02604348 BT CABLESHIPS LIMITED 2,000 31/03/2002 Large
03350126 BT QUEST LIMITED 0 31/03/2001 Small
 
Profit & Loss Account
 
   Date of Accounts31/03/2002
   ConsolidatedYes
   SubsidiaryNo
   No. of Weeks52
   Currency(£ '000)
 
   Audit QualificationNo
 
1  Turnover20,559,000
   Cost of Sales-
   Gross Profit-
2  Operating Profit4,915,000
   Non Trading Income(1,575,000)
   Interest Payable1,879,000
   Pre-tax Profit1,461,000
   Taxation443,000
   Profit After Tax1,018,000
   Dividends Payable173,000
   Retained Profit822,000
 
   Value Added13,048,536
 
Balance Sheet
 
   Date of Accounts31/03/2002
   ConsolidatedYes
   SubsidiaryNo
   No. of Weeks52
   Currency(£ '000)
 
3  Tangible Fixed Assets17,299,000
   Intangible Assets252,000
   Total Fixed Assets17,551,000
 
   Stocks111,000
   Trade Debtors2,976,000
   Cash390,000
4  Miscellaneous Current Assets6,645,000
   Total Current Assets10,122,000
 
5  Creditors: Amounts falling due within one year9,390,000
 
   Total Assets less Current Liabilities18,283,000
 
6  Total Long Term Liabilities18,641,000
 
   Total Liabilities28,031,000
 
7  Share Capital & Reserves1,461,000
   P & L Account Reserve(1,819,000)
   Revaluation Reserve0
   Shareholders' Funds(358,000)
   Capital Employed18,283,000
 
   Net Worth(610,000)
   Working Capital732,000
 
   Contingent Liabilities64,000
 
Cash Flow
 
   Date of Accounts31/03/2002
   ConsolidatedYes
   SubsidiaryNo
   No. of Weeks52
   Currency(£ '000)
 
   Net Cashflow from Operating Activities5,257,000
   Net Cashflow from Return on Investment and Servicing of Finance(1,693,000)
   Net Cashflow before Financing5,569,000
   Net Cashflow from Financing(5,479,000)
   Increase in Cash90,000
 
Accounts Notes
 
   Date of Accounts31/03/2002
   ConsolidatedYes
   SubsidiaryNo
   No. of Weeks52
   Currency(£ '000)
 
1  Exports-
 
2  Operating Profit is after charging the following
   Employees' Remuneration4,034,000
   Directors' Remuneration5,545
   Audit Fees2,702
   Non Audit Fees25,223
   Depreciation3,680,000
 
   Average Number of Employees (actual)124,800
 
3  Tangible Assets consist of:
   Fixed Assets16,078,000
   Intermediate Assets1,221,000
   which includes:
   -Due from Group, Non Current22,000
 
4  Miscellaneous Current Assets includes:
   -Due from Group, Current0
5  Creditors: Amounts falling due within one year consists of:
   Trade Creditors2,925,000
a  Bank Overdraft16,000
   Miscellaneous Current Liabilities includes:6,449,000
b  -Bank Loans - Current Portion0
c  -Other Short Term Finance, including:2,179,000
     -Due to Group, Current0
     -Due to Directors, Current0
  -Other Current Liabilities4,270,000
 
   Short Term Loans (a+b+c)2,195,000
 
6  Total Long Term Liabilities consists of:
   Long Term Loans, which consists of:16,245,000
   -Long Term Bank Loans659,000
   -Other Long Term Finance, including:15,586,000
     -Due to Group, Non Current0
     -Due to Directors, Non Current0
   Other Long Term Liabilities2,396,000
 
7  Share Capital and Reserves consists of:
   Called Up Share Capital434,000
   Sundry Reserves1,027,000
 
Ratios
 
Date of Accounts31/03/2002
Profit/Sales (%)7.11
Profit/Capital Employed (%)7.99
Profit/Total Assets (%)5.28
Profit/Shareholders' Funds (%)-
 
Sales/Total Assets (%)74.29
Sales/Fixed Assets1.28
Sales/Capital Employed1.12
Working Capital/Sales (%)3.56
 
Stock Turnover185.22
Credit Period (days)52.84
Creditor Days (days)51.93
Debtors/Total Assets (%)10.75
 
Current Ratio1.08
Liquidity Ratio1.07
Creditors/Debtors0.98
Current Liabilities/Stocks84.59
 
Interest/Pre-Interest Profit (%)-
Total Debt/Net Worth (%)-
Bank Overdraft & Long Term Liabilities/Net Worth-
Long Term Debt/Net Worth (%)-
Long Term Liabilities/Net Worth-
Shareholders' Funds/Total Liabilities (%)-1.28
Shareholders' Funds/Total Assets-
 
Bank Overdraft & Long Term Liabilities/Working Capital (%)25.49
Total Debt/Working Capital-
 
Average Employee Remuneration (£ '000)32,324
Wages/Sales (%)19.62
Profit per Employee (£ '000)11,707
Sales per Employee (£ '000)164,736
Capital Employed per Employee (£ '000)146,498
Total Fixed Assets per Employee (£ '000)140,633
Total Assets per Employee (£ '000)221,739
 
Profit/Value Added (%)11.20
Value Added/Sales(%)63.47
Value Added per Employee (£ '000)104,556
Value Added/Employee Remuneration (%)3.23
 
Exports/Sales (%)-
Sales/Audit Fees7,608.81
Total Assets/Audit Fees10,241.67
 
Growth Rates
 
Sales
Pre-tax Profit
Audit Fees
 
Directors' Remuneration
Number of Employees
Employees' Remuneration
 
Tangible Assets
Stocks
Trade Debtors
Total Current Assets
Total Assets
 
Trade Creditors
Short Term Loans
Total Current Liabilities
Shareholders' Funds
Long Term Loans
Long Term Liabilities
Capital Employed
 
Company/Industry Comparison
 
This comparison is based on the results of 3579 companies in the same industrial sector: 64200 Telecommunications
 

Company

Industry Averages

31/03/2002LowerMedianUpper

Performance

Profit/Sales (%) 7.11 -6.5 4.8 30.8
Profit/Capital Employed (%) 7.99 -2.1 44.2 142.6
Profit/Total Assets (%) 5.28 -12.1 6.7 56.8
Profit/Shareholders' Funds (%) - 0.0 68.6 178.9
 

Turnover

Sales/Total Assets (%) 74.29 73.2 196.3 382.7
Sales/Fixed Assets (%) 1.28 1.5 7.0 24.1
Working Capital/Sales (%) 3.56 15.3 0.6 -8.9
Stock Turnover 185.22 10.9 27.9 77.2
Credit Period (days) 52.84 63.2 28.5 0.0
Creditor Days (days) 51.93 47.6 10.5 0.0
 

Liquidity

Current Ratio 1.08 0.7 1.0 1.7
Liquidity Ratio 1.07 0.6 1.0 1.6
 

Gearing

Total Debt/Net Worth (%) - 213.9 46.7 2.6
Shareholders' Funds/Total Assets - 0.1 0.3 0.6
Long Term Debt/Net Worth (%) - 23.5 0.0 0.0
Interest/Pre-Interest Profit (%) - 14.2 1.6 0.0
Total Debt/Working Capital - 1.6 0.3 0.0
 

Employee

Average Employee Remuneration (£ '000) 32,324 14,624 25,709 37,775
Wages/Sales (%) 19.62 44.7 23.9 12.0
Profit per Employee (£ '000) 11,707 -38,215 0 10,348
Sales per Employee (£ '000) 164,736 29,500 80,566 196,266
Capital Employed per Employee (£ '000) 146,498 0 0 0
Total Fixed Assets per Employee (£ '000) 140,633 2,000 10,725 52,408
Total Assets per Employee (£ '000) 221,739 21,000 62,167 205,865
 

Other

Creditors/Debtors 0.98 0.5 1.2 2.6
Debtors/Total Assets (%) 10.75 0.0 20.3 49.0
Current Liabilities/Stocks 84.59 3.0 7.1 18.5
Exports/Sales (%) - 0.0 0.0 0.0
Sales/Audit Fees 7,608.81 276.1 610.8 1,419.0
Total Assets/Audit Fees 10,241.67 176.6 430.5 1,185.6
 
Filing History
 
02/10/2002Returns of allotments of a public company
06/09/2002Change among the directors of a company
02/08/2002Resolutions which give, vary, revoke or renew an authority for the purposes of section 80 (allotment of securities)
02/08/2002Special resolutions passed under section 95 disapplication of pre-emption rights
04/01/2002Alteration in memorandum or articles of association
 
Directors
 

Company Secretary

LAURENCE WILLIAM STONE
 

Directors

FRANCIS CHRISTOPHER BUCHAN BLAND
CLAYTON MARK BRENDISH
PIERRE DANON
ANDREW JAMES GREEN
SIR ANTHONY ARMITAGE GREENER
LOUIS RALPH HUGHES
BARONESS MARGARET ANN JAY
IAN PAUL LIVINGSTONE
JOHN FREDERICK NELSON
DR PAUL JOSEPH REYNOLDS
CARL GEORGE SYMON
MAARTEN ALBERT VAN DEN BERGH
BERNARDUS JOHANNES MARIA VERWAAYEN
 

Report Generated: Nov 12, 2002

©2002



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