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BT Group PLC - Annual Financial Report

RNS Number : 6302N
BT Group PLC
21 May 2020
 

21 May 2020

 

 

BT Group plc

 

Annual Report 2020

 

Following release on 7 May 2020 of its final results for the fourth quarter and year to 31 March 2020 (the Results Announcement), BT announces that the BT Group plc Annual Report 2020 (the Annual Report) and the Digital Impact and Sustainability Report 2019/20 have been published today and are available on its website at bt.com/annualreport 

 

A copy of  the Annual Report has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM

 

The Annual Report, for those shareholders who have requested it, will be posted to shareholders together with the BT Group plc Notice of Annual General Meeting 2020 in due course.

 

For the purposes of complying with the FCA's Disclosure Guidance and Transparency Rules (DTR), additional information (including certain information contained in the Annual Report) is set out below.  

 

Additional Information required by DTR 6.3.5

 

The following information, which is extracted from the Annual Report, should be read in conjunction with the Results Announcement which includes a condensed set of consolidated financial statements, an indication of the important events that have occurred in the reporting period and a description of BT's principal risks and uncertainties.  Together these constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service

 

This material is not a substitute for reading the Annual Report in full. Page and note numbers and cross-references in the extracted information below refer to page and note numbers and cross-references in the Annual Report.  Defined terms used refer to terms as defined in the Annual Report.

 

"30. Related party transactions

Key management personnel comprise executive and non-executive directors and members of the Executive Committee.  Compensation of key management personnel is disclosed in note 6.

 

6. Operating costs

 

Compensation of key management personnel

Key management personnel comprise executive and non-executive directors and members of the Executive Committee

 

Compensation of key management personnel is shown in the table below:

                                                                                                                                          

Year ended 31 March

2020

2019

2018


£m

£m

£m

Short-term employee benefits

9.6

13.5

11.8

Post employment benefits

1.0

1.2

1.3

Share-based payments

7.1

5.0

6.2

Termination benefits

-

0.6

2.2


17.7

20.3

21.5

 

More detailed information concerning directors' remuneration, shareholdings, pension entitlements, share options and other long-term incentive plans is shown in the audited part of the Report on Directors' Remuneration (see page 98), which forms part of these consolidated financial statements.

 

Amounts paid to the group's retirement benefit plans are set out in note 20."

 

 "Statement of Directors' responsibilities

 

Each of the directors, whose names and functions are listed on pages 68 and 69 of the Annual Report confirms that, to the best of their knowledge:

 

·      the financial statements, prepared in accordance with the applicable set of accounting standards, give a true and fair view of the assets, liabilities, financial position and profit or loss of the company and the undertakings included in the consolidation taken as a whole; and

 

·      the Strategic Report on pages 1 to 64 includes a fair review of the development and performance of the business and the position of the issuer and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face."

 

 

ENDS


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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