Company Announcements

23 May 2019

BT Group plc

Annual Financial Report

Annual Report 2019

Notice of meeting 2019

Following release on 9 May 2019 of its final results for the fourth quarter and year to 31 March 2019 (the Results Announcement), BT announces that the above documents have been published today and are available on its website at bt.com/annualreport 

Copies of these documents, together with the proxy form for the
BT Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM

For the purposes of complying with the FCA's Disclosure Guidance and Transparency Rules, additional information including certain information in the BT Annual Report 2019 (the Annual Report) is set out below.  

Additional Information required by Disclosure Guidance and Transparency Rule (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 and 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.

"29. 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 7.

7. 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:

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 73), 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 58 to 59 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 54 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