BT Group PLC Annual Financial Report (6302N)
May 21 2020 - 6:30AM
UK Regulatory
TIDMBT.A
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
GBPm GBPm GBPm
----- ----- -----
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.
END
ACSKFLBLBELEBBD
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