Link to full release below;

http://www.btplc.com/news/articles/showarticle.cfm?ArticleID=42b944bd-9880-4dbf-8f0a-7f39daf9f1d1

Northern Ireland:

Key highlights:- BT Ireland’s underlying revenue excluding transit revenue grew 3% (see pg 7 of document) - The Fibre broadband market in Northern Ireland has continued to grow with over 160,000 homes and business across now enjoying high speed broadband access

- BT has continued to invest in Northern Ireland in Q3 and in November announced the creation of 165 new jobs for Northern Ireland with the expansion of its flexible contact centre operation in Belfast. 

Quote:Colm O’Neill, chief executive officer, BT in Northern Ireland, said, “Today’s results reflect a positive quarter for our Northern Ireland operation.  The fibre broadband market is growing steadily with over 160,000 homes and businesses now enjoying high speed broadband access, while continued investment in our network services has resulted in a number of significant new deals for our business division.”

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1  Basis of preparation and accounting policiesThese condensed consolidated financial statements (‘the financial statements’) comprise the financial results of BT Group plc for the quarters and nine months to 31 December 2013 and 31 December 2012 together with the audited balance sheet at 31 March 2013.

These financial statements have been prepared in accordance with the accounting policies as set out in the financial statements for the year to 31 March 2013, other than the change outlined below, and have been prepared under the historical cost convention as modified by the revaluation of financial assets and liabilities (including derivative financial instruments) at fair value.

These financial statements do not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006 and have not been audited or reviewed by the independent auditors. Statutory accounts for the year to 31 March 2013 were approved by the Board of Directors on 9 May 2013, published on 23 May 2013 and delivered to the Registrar of Companies. The report of the auditors on those accounts was unqualified and did not contain any statement under Section 498 of the Companies Act 2006. These financial statements should be read in conjunction with the annual financial statements for the year to 31 March 2013.

Changes in presentation and restatementsEffective from 1 April 2013, we have made a number of changes that simplify our internal trading and more closely align our line of business financial results with our regulatory accounts. We have also adjusted the disclosure of our lines of business to reflect customer account moves and to better reflect their commercial activity. In order to present historical information on a consistent basis, we have revised comparative information for the year ended 31 March 2013 for a number of items that impact the financial results of individual lines of business, but have no impact on the total group results.

To simplify our reporting, starting from 1 April 2013 we no longer separately report other operating income. We have re-presented items previously reported as other operating income, as either revenue or a reduction in operating costs, as appropriate. Other operating income before specific items was £392m in the year ended 31 March 2013 (Q3 2012/13: £107m, nine months to 31 December 2012: £281m). This change increases group revenue by £86m for the year ended 31 March 2013 (Q3 2012/13: £17m, nine months to 31 December 2012: £56m) and reduces operating costs by £306m (Q3 2012/13: £90m, nine months to 31 December 2012: £225m). There is no impact on the group’s EBITDA or profit before tax.

Finally, IAS 19 Employee Benefits (Revised) came into effect from 1 April 2013 and we have restated comparative figures to reflect the position had it applied before this date. For the year ended 31 March 2013, this has increased operating costs by £38m (Q3 2012/13: £9m, nine months to 31 December 2012: £29m) and has reduced net finance income on pensions (treated as a specific item) by £148m (Q3 2012/13: £36m, nine months to 31 December 2012: £109m), resulting in an overall reduction of £38m in EBITDA (Q3 2012/13: £9m, nine months to 31 December 2012: £29m) and adjusted profit before tax. Reported profit before tax and reported profit after tax, which are after the impact of specific items, are reduced by £186m (Q3 2012/13: £45m, nine months to 31 December 2012: £138m) and £143m (Q3 2012/13: £34m, nine months to 31 December 2012: £107m), respectively. There is no impact on the group’s free cash flow.

More details are set out in our related press release published on 13 June 2013.

Forward-looking statements – caution advised

Certain statements in this results release are forward-looking and are made in reliance on the safe harbour provisions of the US Private Securities Litigation Reform Act of 1995. These statements include, without limitation, those concerning: current year’s outlook, including revenue trends, EBITDA, capital expenditure and normalised free cash flow; cost transformation; the impact of regulation and regulatory decisions; our fibre network roll-out; BT Sport and our TV proposition; and effective tax rate.

Although BT believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements.

Factors that could cause differences between actual results and those implied by the forward-looking statements include, but are not limited to: material adverse changes in economic conditions in the markets served by BT; future regulatory actions, decisions and conditions or requirements in BT’s operating areas, including competition from others; selection by BT and its lines of business of the appropriate trading and marketing models for its products and services; fluctuations in foreign currency exchange rates and interest rates; technological innovations, including the cost of developing new products, networks and solutions and the need to increase expenditures for improving the quality of service; prolonged adverse weather conditions resulting in a material increase in overtime, staff or other costs, or impact on customer service; developments in the convergence of technologies; the anticipated benefits and advantages of new technologies, products and services, not being realised; the timing of entry and profitability of BT in certain communications markets; significant changes in market shares for BT and its principal products and services; the underlying assumptions and estimates made in respect of major customer contracts proving unreliable; the aims of the group-wide restructuring programme not being achieved; and general financial market conditions affecting BT’s performance and ability to raise finance. BT undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherw