Cross reference to Form 20-F
The information in this document that is referred to in the following table shall be deemed to be ¢led with the Securities and
Exchange Commission for all purposes:
Required Item in Form 20-F
Where information can be found in this Annual Report
Item
1
Identity of directors, senior management and advisors
Section
Not applicable
2
O¡er statistics and expected timetable
Not applicable
3
3A
Key information
Selected ¢nancial data
3B
3C
3D
Capitalisation and indebtedness
Reasons for the o¡er and use of proceeds
Risk factors
4
4A
Information on the company
History and development of the company
4B
Business overview
4C
4D
Organisational structure
Property, plants and equipment
5
5A
Operating and ¢nancial review and prospects
Operating results
5B
Liquidity and capital resources
5C
Research and development, patents and licences
5D
Trend information
6
6A
6B
Directors, senior management and employees
Directors and senior management
Compensation
6C
Board practices
6D
Employees
6E
Share ownership
7
7A
Major shareholders and related party transactions
Major shareholders
7B
Related party transactions
158 BT Annual report and Form 20-F
Five year ¢nancial summary
Additional information for shareholders
Exchange rates
Not applicable
Not applicable
Risk factors
Additional information for shareholders
Background
Business review
Our new structure
Acquisitions
Disposals
Financial review
Capital expenditure
Business review
Financial statistics
Operational statistics and regulatory information
Additional information for shareholders
Cautionary statement regarding forward-looking statements
Subsidiary undertakings, joint ventures and associates
Business review
Property
Financial review
Additional information for shareholders
Cautionary statement regarding forward-looking statements
Financial review
Additional information for shareholders
Cautionary statement regarding forward-looking statements
Notes to the ¢nancial statements
Loans and other borrowings
Financial commitments, contingent liabilities and subsequent events
Financial instruments and risk management
Business review
Research and development
Financial statistics
Financial review
Additional information for shareholders
Cautionary statement regarding forward-looking statements
Board of directors and executive committee
Report on directors' remuneration
Note to the ¢nancial statements
Pension costs
Directors
Report of the directors
Directors
Corporate governance
Report on directors' remuneration
Business review
Notes to the ¢nancial statements
People employed
Report on directors' remuneration
Notes to the ¢nancial statements
Employee share schemes
Report of the directors
Substantial shareholdings
Additional information for shareholders
Analysis of shareholdings
Report of the directors
Interest of management in certain transactions
Notes to the ¢nancial statements
Related party transactions with associates and joint ventures
Page
28-29
147
57-61
143-144
8-10
10
10
44
8-25
141
142
143
130-131
19
30-48
143
30-48
143
107-108
112-113
118-123
17-18
141
30-48
143
49-51
62-71
113-114
114
52
53-56
62-71
8-25
114
62-71
115-117
52
145
52
111-112
Required Item in Form 20-F
Item
7C Interests of experts and counsel
8
8A
8B
Financial information
Consolidated statements and other ¢nancial information
Signi¢cant changes
9
9A
The o¡er and listing
O¡er and listing details
9B
9C
Plan of distribution
Markets
9D
9E
9F
Selling shareholders
Dilution
Expenses of the issue
10 Additional information
10A Share capital
10B Memorandum and articles of association
10C Material contracts
10D Exchange controls
10E Taxation
Where information can be found in this Annual Report
Section
Not applicable
Page
See item 18 below.
Business review
Legal proceedings
Additional information for shareholders
Dividends
Financial review
Capital resources
Notes to the ¢nancial statements
Financial commitments, contingent liabilities and subsequent events
Additional information for shareholders
Share and ADS prices
Not applicable
Additional information for shareholders
Listings
Not applicable
Not applicable
Not applicable
25
146
42-43
112-113
144
144
Not applicable
Additional information for shareholders
Background
Memorandum and articles of association
Additional information for shareholders
Material contracts
Additional information shareholders
Exchange controls and other limitations a¡ecting security holders
Additional information for shareholders
Taxation (US holders)
Not applicable
Not applicable
^
Not applicable
143-144
148-152
152-153
154
153-154
10F
10G
10H
10I
Dividends and paying agents
Statement by experts
Documents on display
Subsidiary information
11
Quantitative and qualitative
disclosures about market risk
Financial review
Treasury policy
Foreign currency and interest rate exposure
Notes to the ¢nancial statements
Financial instruments and risk management
12
Description of securities other than equity securities
Not applicable
13
Defaults, dividend arrearages and delinquencies
Not applicable
14
Material modi¢cations to the rights of security holders
and use of proceeds
Not applicable
15
[Reserved]
16
[Reserved]
17
Financial statements
Not applicable
18
Financial statements
Report of the independent auditors
Accounting policies
Consolidated ¢nancial statements
United States generally accepted accounting principles
72
73-75
76-123
124-129
Quarterly analysis of turnover and pro¢t
Unaudited pro forma condensed combined ¢nancial statements
132
133-140
42
43-44
118-123
BT Annual report and Form 20-F 159