FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the month of November 2004
12 November 2004
BRITISH SKY BROADCASTING GROUP PLC
(Name of Registrant)
Grant Way, Isleworth, Middlesex, TW7 5QD England
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of 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): Not Applicable
This Report is incorporated by reference in the prospectus contained in the
Registration Statements on Form F-3 (SEC File No. 333-08246) and Form F-3/S-3
(SEC File No.333-106837) filed by the Registrant under the Securities Act of
1933.
EXHIBIT INDEX
EXHIBIT NO. 1 Excerpt from the announcement made by British Sky Broadcasting
Group plc of its financial results for the three months ended 30 September 2004
British Sky Broadcasting Group plc
Consolidated Profit and Loss Account for the three months ended
30 September 2004
2004/05 2003/04
Three Three
months Before months
ended 30 goodwill Goodwill ended 30
September and and September
Before 2004 exceptional exceptional 2003
goodwill Goodwill Total items items Total
GBPm GBPm GBPm GBPm GBPm GBPm
Notes (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
Turnover: Group and share of joint
ventures' turnover 959 - 959 871 - 871
Less: share of joint ventures' turnover (19) - (19) (21) - (21)
Group turnover 1 940 - 940 850 - 850
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Operating expenses, net 2 (750) (29) (779) (699) (29) (728)
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Operating profit 190 (29) 161 151 (29) 122
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Share of joint ventures' and associates'
operating results 1 - 1 3 - 3
Amounts written back to fixed asset
investments, net 3 - - - - 25 25
Profit on ordinary activities before
interest and taxation 191 (29) 162 154 (4) 150
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Interest receivable and similar income 7 - 7 1 - 1
Interest payable and similar charges (22) - (22) (24) - (24)
Profit on ordinary activities before
taxation 176 (29) 147 131 (4) 127
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Tax on profit on ordinary activities (54) - (54) (37) - (37)
Profit on ordinary activities after taxation 122 (29) 93 94 (4) 90
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Equity dividends - -
Retained profit for the period 93 90
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Earnings per share - basic 4.8p 4.6p
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Earnings per share - diluted 4.8p 4.6p
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Notes:
1. Turnover
2004/05 2003/04
Three months Three months
ended ended
30 September 30 September
GBPm GBPm
(unaudited) (unaudited)
DTH subscribers 697 628
Cable subscribers 52 52
Advertising 72 64
Sky Bet (i) 59 50
Sky Active (i) 22 25
Other 38 31
940 850
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(i) Additional detail has been provided with regard to the analysis of
interactive revenues between the Group's betting and games revenues -
"Sky Bet" - and other interactive revenues - "Sky Active", and the prior
year comparatives have been re-analysed accordingly.
2. Operating expenses, net
2004/05 2003/04
Three months Three months
ended ended
Before 30 September Before 30 September
goodwill Goodwill Total goodwill Goodwill Total
GBPm GBPm GBPm GBPm GBPm GBPm
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
Programming (i) 383 - 383 367 - 367
Transmission and related
functions (i) 44 - 44 43 - 43
Marketing 109 - 109 98 - 98
Subscriber management 91 - 91 80 - 80
Administration 69 29 98 64 29 93
Betting 54 - 54 47 - 47
750 29 779 699 29 728
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(i) The amounts shown are net of GBP5 million (2003/04 three months ended
30 September: GBP5 million) receivable from the disposal of
programming rights not acquired for use by the Group and GBP7 million
(2003/04 three months ended 30 September: GBP8 million) in respect
of the provision to third party broadcasters of spare transponder capacity.
3. Exceptional items
Prior Year
On 30 September 2003, the Group reduced its provision against its minority
equity investments in football clubs by GBP33 million, due to the disposal of
its investment in Manchester United plc in October 2003, for GBP62 million in
cash. The Group also increased its provision against its remaining minority
equity investments in football clubs by a further GBP8 million. The reduction of
GBP33 million in the provision is recorded as an exceptional item below
operating profit as it relates directly to the disposal of the investment in
Manchester United plc and profit on disposal is a non-operating exceptional item
as defined by FRS 3 "Reporting Financial Performance". The increase of GBP8
million in the remaining provision is recorded as an exceptional item below
operating profit due to the distortion that its inclusion within operating
expenses would have on the individual operating expenses line to which it was
attributed.
4. Basis of preparation
The Consolidated Profit and Loss Account presentation includes the Group's
results before goodwill and exceptional items in addition to results after
goodwill and exceptional items as this presentation provides an alternative
basis that may be used to assess the ongoing operating performance of the Group.
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.
BRITISH SKY BROADCASTING GROUP PLC
Date: 12 November 2004 By: /s/ Dave Gormley
Dave Gormley
Company Secretary