Source document: bt-group-plc_2019

Question: What was the collateral received on swaps in 2019?
Facts: £638m
Answer: £638m

Question: What does the carrying value reflect?
Facts: balances at amortised cost adjusted for accrued interest and fair value adjustments to the relevant loans or borrowings.
Answer: balances at amortised cost adjusted for accrued interest and fair value adjustments to the relevant loans or borrowings.

Question: What was the amount of listed bonds in 2019, 2018 and 2017 respectively?
Facts: 1,367; 1,539; 1,702
Answer: 1,367; 1,702; 1,539 million

Question: What is the change in listed bonds from 2018 to 2019?
Facts: 1,367; 1,702
Derivation: 1,367 - 1,702
Answer: -335 million

Question: What is the average Finance leases for 2017-2019?
Facts: 15; 16; 18
Derivation: (16 + 18 + 15) / 3
Answer: 16.33 million

Question: In which year(s) are there are no bank loans?
Facts: 2018; 2019
Derivation: locate and analyze Finance leases in row 5
Answer: 2019; 2018 million

Question: What is the  Adjusted a revenue for 2019?
Facts: 4,735
Answer: 4,735 million

Question: What is the reason for Adjusteda operating costs percentage decrease?
Facts: mainly reflecting the decline in IP Exchange volumes and equipment sales and lower labour costs from our ongoing restructuring programme
Answer: mainly reflecting the decline in IP Exchange volumes and equipment sales and lower labour costs from our ongoing restructuring programme

Question: What is the Capital expenditure for 2019?
Facts: 245
Answer: 245 million

Question: What was the average Adjusted EBITDA for 2018 and 2019?
Facts: 434; 505
Derivation: (505 + 434) / 2
Answer: 469.5 million

Question: What  was the EBITDA margin in 2019?
Facts: 4,735; 505
Derivation: 505 / 4,735
Answer: 0.11

Question: What is the average Adjusteda operating costs for 2018 and 2019?
Facts: 4,230; 4,579
Derivation: (4,230 + 4,579) / 2
Answer: 4404.5 million

Question: What amount of non-current trade and other receivables was excluded from the carrying amount in 2019?
Facts: £445m
Answer: £445m

Question: What was the Derivative financial assets in 2019, 2018 and 2017?
Facts: 1,509; 1,592; 2,246
Answer: 1,592; 1,509; 2,246 million

Question: What is theCash and cash equivalents for 2017, 2018 and 2019 respectively?
Facts: 1,666; 528
Answer: 528; 528; 1,666 million

Question: What is the change in the Derivative financial assets from 2018 to 2019?
Facts: 1,509; 1,592
Derivation: 1,592 - 1,509
Answer: 83 million

Question: What is the average investments for 2017 to 2019?
Facts: 1,564; 3,075; 3,268
Derivation: (3,268 + 3,075 + 1,564) / 3
Answer: 2635.67 million

Question: In which year(s) was trade and other receivables less than 2,000 million?
Facts: 2019
Derivation: locate and analyze trade and other receivables in row 5
Answer: 2019

Question: What is the cash collateral held by the company in 2019?
Facts: £638m
Answer: £638m

Question: What is the fair value position in 2019?
Facts: £3,289m
Answer: £3,289m

Question: What are the years that Moody’s / S&P credit rating of counterparty is provided?
Facts: 2017; 2018; 2019
Answer: 2017; 2018; 2019

Question: What is the change in the Aa2/AA and above from 2018 to 2019?
Facts: 2,522; 2,575
Derivation: 2,522 - 2,575
Answer: -53 million

Question: What is the average Aa3/AA– for 2017-2019?
Facts: 1,376; 208; 313
Derivation: (1,376 + 313 + 208) / 3
Answer: 632.33 million

Question: In which year(s) is A1/A+a less than 1,000 million?
Facts: 2017; 2018
Derivation: Locate and analyze A1/A+a in row 5
Answer: 2018; 2017

Question: What was the change in the reported and adjusted revenue of Consumer business?
Facts: fell by 1%
Answer: fell by 1%

Question: What was the reason for change in operating costs?
Facts: mainly driven by restructuring related cost savings and lower payments to telecommunications operators driven by Global Services strategy to de-emphasise low margin business, partly offset by higher costs of recruiting and training engineers to support Openreach’s ‘Fibre First’ programme and help deliver improved customer service.
Answer: mainly driven by restructuring related cost savings and lower payments to telecommunications operators driven by Global Services strategy to de-emphasise low margin business, partly offset by higher costs of recruiting and training engineers to support Openreach’s ‘Fibre First’ programme and help deliver improved customer service.

Question: What is the revenue for 2017, 2018 and 2019 respectively?
Facts: 23,428; 23,723; 24,062
Answer: 24,062; 23,723; 23,428 million

Question: What is the change in the revenue from 2018 to 2019?
Facts: 23,428; 23,723
Derivation: 23,428 - 23,723
Answer: -295 million

Question: What is the average operating costs for 2017-2019?
Facts: 16,461; 16,828; 17,323
Derivation: -(16,461 + 16,828 + 17,323) / 3
Answer: -16870.67 million

Question: What is the average Depreciation and amortisation for 2017-2019?
Facts: 3,514; 3,546; 3,572
Derivation: -(3,546 + 3,514 + 3,572) / 3
Answer: -3544 million

Question: What were the  Fair value through profit or loss  in 2019, 2018 and 2017 respectively?
Facts: 44; 53; 54
Answer: 54; 53; 44 million

Question: What were the investments in liquidity funds in 2019, 2018 and 2017 respectively?
Facts: £1,437m; £2,522m; £2,575m
Answer: £2,522m; £2,575m; £1,437m

Question: When was the IFRS 9 applied?
Facts: 1 April 2018
Answer: 1 April 2018

Question: What is the change in the Fair value through other comprehensive income from 2017 to 2018?
Facts: 37; 46
Derivation: 46 - 37
Answer: 9 million

Question: Which year(s) has Fair value through profit or loss greater than 50 million?
Facts: 2018; 2019
Derivation: identify the Fair value through profit or loss in row 5
Answer: 2019; 2018

Question: What is the average Loans and receivables for 2017-2019?
Facts: 0; 447; 83
Derivation: (0 + 447 + 83) / 3
Answer: 176.67 million

Question: What was the average term of leases in 2019 and 2018 respectively?
Facts: 13 years; 14 years
Answer: 13 years; 14 years

Question: What are the contingent liabilities or guarantees at 31 March 2018?
Facts: there were no contingent liabilities or guarantees at 31 March 2018
Answer: there were no contingent liabilities or guarantees at 31 March 2018

Question: What was the payable in the year ending 31 March 2019 for 2018?
Facts: 600
Answer: 600 million

Question: What was the difference in the payables in year 31 March 2019 for 2018 and 2019?
Facts: 0; 600
Derivation: 600-0
Answer: 600 million

Question: For which year was  the  Total future minimum operating lease payments be higher?
Facts: 2019
Derivation: Compare the  Total future minimum operating lease payments  for the larger value
Answer: 2019

Question: Which year from 2019 to 2024 had the largest payable amount for 2018?
Facts: 2020
Derivation: Find the largest number for 2019 to 2024 for 2018 payment
Answer: 2020

Question: What is the main challenge faced by the company?
Facts: The main headwind we face is the decline in traditional calls and lines where we have a relatively high market share.
Answer: The main headwind we face is the decline in traditional calls and lines where we have a relatively high market share.

Question: What is the decrease in adjusted revenue?
Facts: 5%
Answer: 5%

Question: What caused the decrease in retail order?
Facts: due to the signing of a large contract in Republic of Ireland in the prior year.
Answer: due to the signing of a large contract in Republic of Ireland in the prior year.

Question: What was the percentage change in the Adjusted a revenue from 2018 to 2019?
Facts: 6,292; 6,647
Derivation: 6,292 / 6,647 - 1
Answer: -5.34 percent

Question: What is the average Adjusted a operating costs for 2018 and 2019?
Facts: 4,302; 4,570
Derivation: (4,302 + 4,570) / 2
Answer: 4436 million

Question: What is the EBITDA margin in 2019?
Facts: 1,990; 6,292
Derivation: 1,990 / 6,292
Answer: 0.32

Question: What fees were payable to PricewaterhouseCoopers LLP in relation to the audit of 2017/18 subsidiary accounts?
Facts: £446,000
Answer: £446,000

Question: What was The audit of the parent company and the consolidated financial statements in 2019?
Facts: 8,165
Answer: 8,165 thousand

Question: What was the  All other services in 2019?
Facts: 210
Answer: 210 thousand

Question: What was the change in the The audit of the parent company and the consolidated financial statements from 2018 to 2019?
Facts: 5,418; 8,165
Derivation: 8,165 - 5,418
Answer: 2747 thousand

Question: What is the average The audit of the company’s subsidiaries from 2017-2019?
Facts: 5,675; 5,877; 6,061
Derivation: (6,061 + 5,877 + 5,675) / 3
Answer: 5871 thousand

Question: What is the percentage change in the Total services from 2018 to 2019?
Facts: 13,869; 17,420
Derivation: 17,420 / 13,869 - 1
Answer: 25.6 percent

Question: What was the Adjusted revenue change?
Facts: 3%
Answer: 3%

Question: What was the Adjusted EBITDA change?
Facts: 7%
Answer: 7%

Question: What was the reason for capital expenditure growth?
Facts: driven by increased network spend as preparations were made for the EE 5G launch in 2019.
Answer: driven by increased network spend as preparations were made for the EE 5G launch in 2019.

Question: What was the average Adjusted EBITDA for 2018 and 2019?
Facts: 2,376; 2,534
Derivation: (2,534 + 2,376) / 2
Answer: 2455 million

Question: What  was the EBITDA margin in 2019?
Facts: 10,695; 2,534
Derivation: 2,534 / 10,695
Answer: 0.24

Question: What is the average Adjusteda operating costs for 2018 and 2019?
Facts: 7,984; 8,161
Derivation: (8,161 + 7,984) / 2
Answer: 8072.5 million

Question: What was the cash at bank and in hand in 2019, 2018 and 2017?
Facts: 446; 469; 495
Answer: 495; 446; 469 million

Question: What was the balance held in escrow account in 2019?
Facts: £4m
Answer: £4m

Question: When was the IFRS 9 applied?
Facts: 1 April 2018
Answer: 1 April 2018

Question: What is the change in the Cash at bank and in hand from 2018 to 2019?
Facts: 446; 495
Derivation: 495 - 446
Answer: 49 million

Question: What is the average US deposits for 2017-2019?
Facts: 26; 3; 32
Derivation: (3 + 26 + 32) / 3
Answer: 20.33 million

Question: For which year(s) are the Total cash and cash equivalents lower than 1,000 million?
Facts: 2017; 2018
Derivation: locate total cash and cash equivalents in row 9 and analyse
Answer: 2018; 2017 million

Question: What was the impact on deferred income on on adoption of IFRS 15?
Facts: Deferred income recognised in prior periods has substantially been reclassified to contract liabilities on adoption of IFRS 15
Answer: Deferred income recognised in prior periods has substantially been reclassified to contract liabilities on adoption of IFRS 15

Question: What was the remaining balance current liabilities relating to the Broadband Delivery UK programme?
Facts: The remaining balance includes £51m (2017/18: £132m, 2016/17: £71m) current
Answer: The remaining balance includes £51m (2017/18: £132m, 2016/17: £71m) current

Question: What is the Other payables for 2019?
Facts: 387
Answer: 387 million

Question: What is the change in Current: Trade payables from 2018 to 2019?
Facts: 3,991; 4,141
Derivation: 4,141-3,991
Answer: 150 million

Question: What is the change in Current: Other taxation and social security from 2019 to 2018?
Facts: 564; 704
Derivation: 564-704
Answer: -140 million

Question: What is the change in Current: Other payables from 2019 to 2018?
Facts: 387; 456
Derivation: 387-456
Answer: -69 million

Question: What is the  Adjusted a revenue for 2019?
Facts: 5,075
Answer: 5,075 million

Question: What was the reason for decrease in Adjusteda revenue decline?
Facts: driven by regulated price reductions predominantly on FTTC and Ethernet products, non-regulated price reductions (mainly driven by communications providers signing up for fibre volume discounts), a small decline in our physical line base and a reclassification of costs to revenue
Answer: driven by regulated price reductions predominantly on FTTC and Ethernet products, non-regulated price reductions (mainly driven by communications providers signing up for fibre volume discounts), a small decline in our physical line base and a reclassification of costs to revenue

Question: What was  Capital expenditure for 2018 and 2019 respectively?
Facts: 1,699; 2,081
Answer: 1,699; 2,081 million

Question: What was the average Adjusted EBITDA for 2018 and 2019?
Facts: 2,423; 2,615
Derivation: (2,423 + 2,615) / 2
Answer: 2519 million

Question: What  was the EBITDA margin in 2019?
Facts: 2,423; 5,075
Derivation: 2,423 / 5,075
Answer: 0.48

Question: What is the average Adjusteda operating costs for 2018 and 2019?
Facts: 2,652; 2,663
Derivation: (2,652 + 2,663) / 2
Answer: 2657.5 million

Question: What was the net cash inflow from operating activities?
Facts: £4,256m
Answer: £4,256m

Question: What was the tax benefit from pension deficit payments included in Free Cash Flow?
Facts: £273m
Answer: £273m

Question: What are the years that cash flow details were reported in the table?
Facts: 2017; 2018; 2019
Answer: 2017; 2018; 2019

Question: What was the change in Cash generated from operations from 2018 to 2019?
Facts: 4,687; 5,400
Derivation: 4,687 - 5,400
Answer: -713 million

Question: What is the average tax paid for 2017-2019?
Facts: 431; 473; 551
Derivation: -(431 + 473 + 551) / 3
Answer: -485 million

Question: What is the change in the Net cash inflows from operating activities from 2018 to 2019?
Facts: 4,256; 4,927
Derivation: 4,256 - 4,927
Answer: -671 million

Question: How much contract liability was recognised at 1 April 2018?
Facts: £1,216m of the contract liability recognised at 1 April 2018
Answer: £1,216m of the contract liability recognised at 1 April 2018

Question: How much Impairment losses was recognised at 2018?
Facts: Impairment losses of £36m were recognised on contract assets during the year.
Answer: Impairment losses of £36m were recognised on contract assets during the year.

Question: What was the current contract assets at 2019?
Facts: 1,353
Answer: 1,353 million

Question: What is the change in Contract assets: Current from 31 March 2019 to 1 April 2018?
Facts: 1,353; 1,417
Derivation: 1,353-1,417
Answer: -64 million

Question: What is the change in Contract assets: Non-Current from 31 March 2019 to 1 April 2018?
Facts: 198; 249
Derivation: 249-198
Answer: 51 million

Question: What is the change in Contract liabilities: Current from 31 March 2019 to 1 April 2018?
Facts: 1,225; 1,406
Derivation: 1,225-1,406
Answer: -181 million

Question: What were the restructuring chares in 2019?
Facts: £386m
Answer: £386m

Question: What were the EE integration costs incurred in prior years?
Facts: (2017/18: £46m, 2016/17: £215m)
Answer: (2017/18: £46m, 2016/17: £215m)

Question: What was the pension equilisation cost related to?
Facts: high court requirement to equalise pension benefits between men and women due to guaranteed minimum pension (GMP).
Answer: high court requirement to equalise pension benefits between men and women due to guaranteed minimum pension (GMP).

Question: What is the change in the Retrospective regulatory matters from 2018 to 2019?
Facts: 23; 31
Derivation: 31 - 23
Answer: 8 million

Question: What is the percentage change in the Property rationalisation costs from 2018 to 2019?
Facts: 28; 36
Derivation: 36 / 28 - 1
Answer: 28.57 percent

Question: What is the average Restructuring charges for 2017-2019?
Facts: 0; 241; 386
Derivation: (386 + 241 + 0) / 3
Answer: 209 million

Question: How is basic earnings per share calculated?
Facts: calculated by dividing the profit after tax attributable to equity shareholders by the weighted average number of shares in issue after deducting the own shares held by employee share ownership trusts and treasury shares.
Answer: calculated by dividing the profit after tax attributable to equity shareholders by the weighted average number of shares in issue after deducting the own shares held by employee share ownership trusts and treasury shares.

Question: What was the option amount which was excluded from the calculation of total diluted number of shares in 2019?
Facts: 36m shares
Answer: 36m shares

Question: What was the  Basic weighted average number of shares (millions)  in 2019?
Facts: 9,912
Answer: 9,912 million

Question: What was the change in the Basic weighted average number of shares (millions) from 2018 to 2019?
Facts: 9,911; 9,912
Derivation: 9,912 - 9,911
Answer: 1 million

Question: What is the average Dilutive shares from share options (millions) in 2017-2019?
Facts: 2; 27; 6
Derivation: (6 + 2 + 27) / 3
Answer: 11.67 million

Question: What is the percentage change in the Dilutive shares from executive share awards (millions) from 2018 to 2019?
Facts: 48; 57
Derivation: 57 / 48 - 1
Answer: 18.75 percent

Question: What was the result of the closure of the BTPS on the employees?
Facts: All employees impacted by the closure of the BTPS receive transition payments into their BTRSS pot for a period linked to the employee’s age.
Answer: All employees impacted by the closure of the BTPS receive transition payments into their BTRSS pot for a period linked to the employee’s age.

Question: Why was there no past service cost or credit on closure of the BTPS?
Facts: There was no past service cost or credit on closure due to the assumed past service benefit link as an active member being the same as that assumed for a deferred member.
Answer: There was no past service cost or credit on closure due to the assumed past service benefit link as an active member being the same as that assumed for a deferred member.

Question: What was the  Total recognised in the income statement for 2019?
Facts: 799
Answer: 799 million

Question: What is the change in defined benefit plans from 2019 to 2018?
Facts: 135; 376
Derivation: 135-376
Answer: -241 million

Question: What is the change in defined contribution plans from 2019 to 2018?
Facts: 265; 476
Derivation: 476-265
Answer: 211 million

Question: What is the change in Total recognised in the income statement from 2019 to 2018?
Facts: 799; 842
Derivation: 799-842
Answer: -43 million

Question: How is net debt calculated?
Facts: loans and other borrowings (both current and non-current), less current asset investments and cash and cash equivalents
Answer: loans and other borrowings (both current and non-current), less current asset investments and cash and cash equivalents

Question: What was the Loans and other borrowings in 2019, 2018 and 2017?
Facts: 12,713; 14,275; 16,876
Answer: 16,876; 14,275; 12,713 million

Question: For what years are information about  Loans and other borrowings provided?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: What was the change in the Loans and other borrowings from 2018 to 2019?
Facts: 14,275; 16,876
Derivation: 16,876 - 14,275
Answer: 2601 million

Question: What is the average Cash and cash equivalents for 2017-2019?
Facts: 1,666; 528
Derivation: -(1,666 + 528 + 528) / 3
Answer: -907.33 million

Question: What is the percentage change in the Net debt from 2018 to 2019?
Facts: 11,035; 9,627
Derivation: 11,035 / 9,627 - 1
Answer: 14.63 percent