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Summary of the Annual Report and Accounts
2003
 
Chairman's Statement
 
Operating Review
- Highlights
- Overview of the Year
 
Programming Review
- Highlights
- News
- Sports
- Entertainment
- Movies/Box Office
- Digital and Sky +
 
Financial Review
- Financial Highlights
- Corporate Governance
- Consolidated Profit and
   Loss Account
- Consolidated Balance
   Sheet
- Cash Flow Statement
- Accounting Policies
- Five Year Summary
BSkyB Annual Report and Accounts 2003 A year of positives + + + + + + + + +
Consolidated Results  
   
  2003
£m
2002
£m
2001
£m
2000
£m
1999
£m
           
DTH subscribers 2,341 1,929 1,537 1,189 979
Cable and DTT subscribers 202 279 299 303 253
Advertising 284 251 271 242 217
Interactive 218 186 93 5 -
Other 141 131 106 108 96
Turnover 3,186 2,776 2,306 1,847 1,545
           
Operating expenses, net (2,815) (2,584) (2,146) (1,762) (1,360)
Goodwill amortisation (122) (119) (44) - -
Exceptional operating costs 5 (18) (23) (105) (456)
Operating profit (loss) 254 55 93 (20) (271)
           
Share of operating results of joint ventures 3 (76) (256) (122) (58)
Joint ventures’ goodwill amortisation, net - (1,070) (101) (14) -
Share of joint venture’s loss on sale of fixed asset investment - - (70) (14) -
Profit (loss) on sale of fixed asset investments - 2 - (1) -
Amounts written off fixed asset investments, net (15) (60) (39) - -
Release of provision (provision) for loss on disposal of subsidiary - 10 (10) - -
Net interest payable and similar charges (114) (137) (132) (92) (60)
Profit (loss) on ordinary activities before taxation 128 (1,276) (515) (263) (389)
           
Taxation credit (charge) (i) 62 (107) (24) 65 103
Profit (loss) on ordinary activities after taxation 190 (1,383) (539) (198) (286)
           
Statistics          
Basic earnings (loss) per share 9.9p (73.3p) (29.2p) (11.3p) (16.6p)
Diluted earnings (loss) per share 9.8p (73.3p) (29.2p) (11.3p) (16.6p)
Dividend per share          
– interim - - - - 2.75p
– final - - - - -
Payments to acquire tangible fixed assets (£ million) 98 101 133 58 76
           
Direct-to-home subscribers (‘000) 6,845 6,101 5,453 4,513 3,460
Cable subscribers (‘000) (ii) 3,871 4,091 3,486 3,735 3,778
DTT subscribers (‘000) (iii) 1,510 - 1,105 740 204
Total subscribers (‘000) 12,226 10,192 10,044 8,988 7,442
           
Average number of full-time equivalent employees 9,132 9,083 9,948 10,730 8,271
Capital employed £m £m £m £m £m
           
Fixed assets 991 1,129 2,411 1,886 343
Working capital (191) (17) 15 32 2
Provisions, tax and dividends (i) 199 115 182 24 (228)
Net debt (1,105) (1,528) (1,547) (1,145) (665)
Net (liabilities) assets (106) (301) 1,061 797 (548)

Notes
(i) The taxation credit for 2000 and 1999 was restated following the adoption by the Group of FRS 19, Deferred tax in the year ended 30 June 2001. Adoption of FRS 19 resulted in the recalculation of loss per share for 2000 and 1999.
(ii) The cable subscribers disclosure for 2000 and 1999 was restated in the year ended 30 June 2001 to include Eire subscribers.
(iii) From 2003, the DTT subscriber number consists of BARB’s estimate of the number of homes with access to Freeview. Up until 2001, this subscriber number included all those subscribing to ITV Digital’s (previously On Digital) DTT service.

 

 

A PDF of the Five Year Summary from the 2003 Annual Report and Accounts
 


 
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This is a summary of information extracted from the Company's annual report and accounts. It does not contain sufficient information to allow as full an understanding of the results of the Group and state of affairs as is provided by the full annual accounts and reports, which can be downloaded in PDF format from this site.  
   
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