Blueprint
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Date of
Announcement: 17 January
2019
BT Group plc
(Translation
of registrant's name into English)
BT
Group plc
81 Newgate Street
London
EC1A 7AJ
England
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F..X...
Form 40-F
Indicate
by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes
No ..X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
________
BT
PROVIDES HISTORICAL PRO FORMA KPI DISCLOSURES FOR ENTERPRISE
BUSINESS UNIT
●
Historical pro forma financial and
operational key performance indicators (KPIs) for 2016/17, 2017/18,
Q1 and Q2 2018/19 published in a new reporting structure which will
apply from Q3 2018/19 onwards.
●
New reporting structure reflects the
formation of BT's Enterprise business unit and the reporting of
Openreach Northern Ireland KPIs within BT's Openreach unit,
previously reported within BT's Business and Public Sector
unit.
●
BT's reported group financials remain
unchanged.
BT Group has today published historical pro forma financial and
operational KPIs to reflect the group's new reporting
structure.
The new structure reflects the combination of BT's Business and
Public Sector and Wholesale and Ventures business units into a new
division called Enterprise. Enterprise was formed on 1 May 2018 and
will be reported as a single unit from Q3 2018/19. In addition, the
pro forma KPIs reflect that BT now accounts for internal revenue
generated by its Ventures businesses within Enterprise as revenue
rather than as an internal recovery of cost.
The new structure also reflects that Openreach Northern Ireland
(formerly Northern Ireland Networks) will be included within
Openreach reporting from Q3 2018/19. Openreach Northern Ireland was
previously reported within BT's Business and Public Sector
unit.
The financial and operational KPIs under the new structure,
prepared on a consistent basis for the years 2016/17, 2017/18, Q1
and Q2 2018/19, are provided on our website (https://www.btplc.com/Sharesandperformance/Financialreportingandnews/Quarterlyresults/index.htm).
BT's reported group financials for 2016/17, 2017/18, Q1 and Q2
2018/19 remain unchanged.
Reminder of other forthcoming changes to reporting
BT will report its financial statements under IFRS 16 from the
first quarter of 2019/20. BT expects to adopt IFRS 16 on a modified
retrospective basis in its 2019/20 financial statements.
Accordingly it will not restate prior year comparatives for the
effect of IFRS 16 but will instead restate its 1 April 2019 opening
balance sheet for the full cumulative impact of adopting this
standard.
The standard requires lessees to recognise assets and liabilities
for all leases unless the lease term is 12 months or less, or the
underlying asset is of low value. BT is in the process of
quantifying the implications of this standard and will next report
on the impact within its Annual Report 2019.
This standard will require BT to make key accounting judgements in
particular around the likelihood of lease renewals. Details of BT's
existing operating lease commitments at 31 March 2018 are set out
in note 30 of its Annual Report 2018.
Ends
About BT
BT's purpose is to use the power of communications to make a better
world. It is one of the world's leading providers of communications
services and solutions, serving customers in 180 countries. Its
principal activities include the provision of networked IT services
globally; local, national and international telecommunications
services to its customers for use at home, at work and on the move;
broadband, TV and internet products and services; and converged
fixed-mobile products and services. BT consists of four
customer-facing units: Consumer, Enterprise, Global Services and
Openreach.
For the year ended 31 March 2018, BT Group's reported revenue was
£23,723m with reported profit before taxation of
£2,616m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on stock exchanges in London
and New York.
For more information, visit www.btplc.com
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
BT Group plc
(Registrant)
By: /s/
Dan Fitz, Company Secretary
--------------------
Dan
Fitz, Company Secretary.
Date
17 January 2019