BT Group plc (BT) 1999年年度报告「LSE」.pdf

1、1999Annual report and Form 20-FBritish Telecommunications plc is a publiclimited company which has listings on theLondon,New York and Tokyo stock exchangesand is registered in England.This is the annual report for the year ended31 March 1999.It complies with UK regulationsand is the annual report on

2、 Form 20-Ffor the Securities and Exchange Commissionto meet US regulations.This annual report has been sent only toshareholders who have elected to receive a copy.A separate annual review and summary financialstatement for the year ended 31 March 1999has been issued to all shareholders.13Financial h

3、ighlights5Chairmans message6Chief Executives statement8Business review24Five year financial summary26Financial review40Board of directors42Report of the directors44Corporate governance47Report on directors remuneration57Statement of directors responsibility58Report of the auditors59Accounting polici

4、es62Consolidated financial statements97United States generally accepted accounting principles102Subsidiary undertakings,joint ventures and associates104Quarterly analysis of turnover and profit106Financial statistics107Operational statistics and regulatory information109Additional information for sh

5、areholders117Glossary of terms and US equivalents118Cross reference to Form 20-F119IndexCautionary statement regarding forward-looking statementsIn order to utilise the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995,British Telecommunicationsplc is providing the fo

6、llowing cautionary statement.The annual report includes forward-looking information within the meaning ofsection 27Aof the US Securities Act of 1933,as amended,and section 21E of the US Securities and Exchange Act of 1934,as amended.Certain sections of this annual report are forward looking in natur