FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the month of November 2003
14 November 2003
BRITISH SKY BROADCASTING GROUP PLC
(Name of Registrant)
Grant Way, Isleworth, Middlesex, TW7 5OD 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
EXHIBIT INDEX
Exhibit
EXHIBIT NO. 1 Press release of British Sky Broadcasting Group plc
announcing US Version - 1st Quarter Results Figures
released on 14 November 2003
Consolidated Profit and Loss Account for the three months ended 30 September 2003
2003/2004 2002/2003
Three Three
months months
Before ended 30 ended 30
goodwill and Goodwill and September September
Notes exceptional exceptional 2003 Before 2002
items items Total goodwill Goodwill Total
GBPm GBPm GBPm GBPm GBPm GBPm
(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
Turnover: Group 871 - 871 744 - 744
turnover and
share of
joint
ventures'
turnover
Less: share (21) - (21) (18) - (18)
of joint
ventures'
turnover
Group turnover 1 850 - 850 726 - 726
Operating 2 (699) (29) (728) (651) (29) (680)
expenses, net
Operating 151 (29) 122 75 (29) 46
profit (loss)
Share of 3 - 3 (1) - (1)
operating
results of
joint
ventures
Write back of 3 - 25 25 - - -
provision
against fixed
asset
investments,
net
Profit (loss) 154 (4) 150 74 (29) 45
on ordinary
activities
before
interest and
taxation
Interest 1 - 1 1 - 1
receivable
and similar
income
Interest (24) - (24) (32) - (32)
payable and
similar
charges
Profit (loss) 131 (4) 127 43 (29) 14
on ordinary
activities
before
taxation
Tax on profit (37) - (37) (14) - (14)
(loss) on
ordinary
activities
Profit (loss) 94 (4) 90 29 (29) -
on ordinary
activities
after taxation
Equity - -
dividends -
paid and
proposed
Retained 90 -
profit for
the financial
period
Basic 4.6p 0.0p
earnings
(loss) per
share
Diluted 4.6p 0.0p
earnings
(loss) per
share
Notes:
1. Turnover
2003/2004 2002/2003
Three months Three months
ended 30 September ended 30 September
GBPm GBPm
(unaudited) (unaudited)
DTH subscribers 628 538
Cable subscribers 52 49
Advertising 64 60
Interactive 75 44
Other 31 35
850 726
2. Operating expenses, net
2003/2004 2002/2003
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) 367 - 367 354 - 354
Transmission and 43 - 43 38 - 38
related functions (i)
Marketing 98 - 98 102 - 102
Subscriber 80 - 80 78 - 78
management
Administration 64 29 93 58 29 87
Betting 47 - 47 21 - 21
699 29 728 651 29 680
(i) The amounts shown are net of GBP5 million (2002/2003 three months ended 30
September: GBP2 million) receivable from the disposal of programming rights not
acquired for use by the Group, and GBP8 million (2002/2003 three months ended 30
September: GBP6 million) in respect of the provision to third party broadcasters
of spare transponder capacity.
3. Exceptional items
Effective at 30 September 2003, the Group reduced its provision against its
minority equity investments in football clubs by GBP33 million, following 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.
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: 14 November 2003 By: /s/ Dave Gormley
Dave Gormley
Company Secretary