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 February 2004
                                11 February 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

                                 EXHIBIT INDEX

EXHIBIT NO. 1 Press release of British Sky Broadcasting Group plc announcing
              Interim results released on 11 February 2004


                                                                11 February 2004


                       BRITISH SKY BROADCASTING GROUP PLC
               Results for the six months ended 31 December 2003


* Net DTH subscriber growth in the quarter of 193,000 to 7.2 million

* Total revenue increases by 17% to GBP1,766 million

* Operating  profit before  goodwill and  exceptional  items increases by 84% to
  GBP283 million

* Net operating cash inflow increases by 57% to GBP401 million

* Profit after tax increases to GBP130 million from GBP12 million

* Earnings per share before goodwill and exceptional items increase to 8.4
  pence

* Restoration of dividend with interim payment of 2.75 pence per share

James Murdoch, Chief Executive of British Sky Broadcasting Group plc, said:

"These  results show a business that  continues to improve.  We enter our second
half with good momentum, robust financial health and a full programme of work."

Enquiries:

Analysts/Investors:

Neil Chugani        Tel:      020 7705 3837
Andrew Griffith     Tel:      020 7705 3118

E-mail: investor-relations@bskyb.com

Press:

Julian Eccles       Tel:     020 7705 3267
Robert Fraser       Tel:     020 7705 3036

E-mail: corporate.communications@bskyb.com

Finsbury:

Alice Macandrew     Tel:    020 7251 3801

There will be a  presentation  to analysts and investors at 10:00 a.m.  today at
the Gibson Hall, 13 Bishopsgate, London, EC2N 3BA and to the press at 11.30 a.m.
at the same venue.

A  conference  call for US  analysts  will be held at 09:30  a.m.  (EST)  today.
Details of this call have been sent to US institutions  and can be obtained from
John Sutton at Taylor Rafferty on +1 212 889 4350.

A live  webcast  of the  presentation  to  analysts,  together  with this  press
release,  will be available today on Sky's corporate  website which may be found
at www.sky.com/corporate.


OVERVIEW

Sky has produced a strong financial performance in the six months to 31 December
2003 ("the  period"),  continuing  to deliver  double-digit  revenue  growth and
demonstrating  strong  operational  gearing.  Total  revenue  for the period was
GBP1,766  million,  an increase  of 17% over the six months to 31 December  2002
("the  comparable  period"),  and total  operating  costs  before  goodwill  and
exceptional items increased by 9% to GBP1,483  million.  Operating profit before
goodwill and exceptional  items increased to GBP283 million,  which generated an
operating  profit margin before goodwill and  exceptional  items of 16%, up from
10% for the comparable period.

Profit after tax increased by GBP118 million on the comparable  period to GBP130
million.  Earnings per share before goodwill and exceptional  items increased to
8.4 pence from 5.1 pence in the comparable  period. Net debt has been reduced by
GBP346 million in the period to GBP759 million  representing a reduction of over
GBP1  billion  since net  borrowings  peaked at GBP1.833  billion at 31 December
2001. The Company is today  announcing an interim dividend payment of 2.75 pence
per share.


OPERATING REVIEW

At 31  December  2003,  the  total  number  of  direct-to-home  ("DTH")  digital
satellite  subscribers in the UK and Ireland was  7,208,000,  representing a net
increase of 193,000  subscribers  in the three months to 31 December  2003 ("the
quarter").  With this  sustained  growth,  Sky  remains on track to achieve  its
target of eight  million DTH  subscribers  by the end of the calendar year 2005.
Subscriber quality remains robust with 55% of all DTH subscribers taking the top
tier Sky World package at the end of the period.

The total  number of  households  in the UK and  Ireland  taking one or more Sky
channels  increased to over 13 million in the quarter,  with a small increase in
the number of households  subscribing to a television service via cable. For the
first time ever, over 50% of UK and Ireland  television homes now have access to
one or more  Sky  channels,  driven  by  further  growth  in the  number  of DTH
subscribers  and  an  increase  in  the  number  of  households   receiving  the
free-to-air digital service, Freeview.

DTH churn for the year to date  (annualised)  was 9.4%,  the same  level as that
achieved in the comparable period.

Annualised  average revenue per DTH subscriber (ARPU) in the quarter was GBP369,
an increase of 5% over the three months to 31 December 2002 and GBP3 higher than
ARPU for the  previous  quarter.  The changes in UK and Ireland  retail  pricing
which took effect from 1 January  2004 will be  reflected in ARPU from the third
quarter of this financial year.

The number of Sky+  subscribers  has more than doubled,  since the launch of the
marketing  campaign in October  2003,  reaching  250,000 by 31 December  2003. A
total of 129,000  new Sky+  customers  were added in the  quarter,  putting  Sky
comfortably on track to hit its target of 315,000 subscribers by the end of June
2004.  There is a strong  propensity  for Sky+ customers to subscribe to premium
packages,  with  over  75% of new  subscribers  to Sky+  taking  Sky's  top tier
package, Sky World.  Satisfaction levels for Sky+ are very high with nine out of
ten customers  saying that they are likely to recommend Sky+ to a friend.  At 31
December  2003,  there were  237,000  subscribers  to the Extra  Digibox,  which
represents an increase of 103% on the comparable period.

Programming

The main terrestrial  channels,  BBC1 and ITV1, continued their audience decline
in 2003 with their combined share of viewing,  according to the viewing  figures
from BARB at 31 December  2003,  falling below the 50% level for the first time.
Multichannel  viewing continues to grow year on year and the multichannel  share
of viewing overtook ITV1's share for the first time ever in the six months to 31
December 2003.

Sky  News  continues  to  pioneer   innovative   news  coverage   techniques  as
demonstrated   in  its   reporting   of  the  Hutton   Inquiry,   with   nightly
reconstructions allowing viewers to follow the presentation of evidence in full.
Sky News  continues to be the rolling  news channel of choice  during major news
stories.

Sky One continues to enhance its schedule and announced in December 2003 that it
had acquired exclusive UK and Ireland broadcasting rights to the third season of
the  successful  drama  series,  '24'.  The new year has also seen the launch of
Nip/Tuck,  which has  already  achieved  high  acclaim  in the US and has made a
successful  debut on Sky.  Sky One and Sky One Mix  continue  to deliver  strong
audiences among 16-34 year-olds.

The Sky Sports  channels  broadcast  more hours of sport than ever before in the
year to 31 December 2003,  driving Sky Sports' share of viewing in  multichannel
homes to 3.8% in the  period.  Sky is well  placed to  benefit  from the  higher
profile of Rugby Union in the UK and Ireland,  following  England's  Rugby World
Cup victory in November  2003,  having  started a three-year  contract for Rugby
Union's European competition, the Heineken Cup, in December 2003. Sky Sports has
the rights to broadcast five matches  exclusively  live from each of the opening
six rounds,  adding to its existing coverage of the domestic Zurich  Premiership
competition, England's autumn internationals and southern hemisphere Rugby.

Rugby League audiences increased to record levels for the Super League Play-Offs
in the quarter, and Sky Sports has since announced that it has secured exclusive
live rights to Super  League and  international  Rugby League games for the next
five years.

England's  international  cricket tours to Sri Lanka and Bangladesh,  which were
shown  exclusively  live, were also highlights on Sky Sports in the quarter and,
with these tours,  international  cricket was  broadcast  exclusively  on Sky in
every month of the 2003 calendar  year. Sky Sports will also show England's Test
and One-Day cricket matches in the West Indies exclusively live in March 2004.

Sky  Sports  is  attracting  strong  audiences  for its debut  coverage  of this
season's UEFA Champions  League,  with an average of 1.8 million in-home viewers
recorded  on  Wednesday  nights  across  all  games,  boosted  by  Sky's  unique
interactive  service  which  offers  viewers a choice  between  up to eight live
matches broadcast  simultaneously.  All three qualifying English clubs: Arsenal,
Chelsea and Manchester  United,  have made it to the knockout stage which begins
this month.

On 8 August 2003, it was announced  that Sky had  successfully  bid for all four
packages of exclusive live UK rights to FA Premier League ("FAPL") football from
the 2004/05 to the 2006/07 seasons.  As part of its ongoing  investigation  into
the sale of rights by the FAPL, the European Commission conducted inquiries into
this most recent auction. On 16 December 2003, the European Commission announced
a  provisional  agreement  with the FAPL and with Sky under  which,  among other
things, Sky has agreed to offer to sublicense up to eight live games each season
from 2004/05 to 2006/07 to another broadcaster.

Sky Movies  introduced  major  enhancements  to its service on 1 November  2003,
including the  independently-sourced  star-rating on EPG movie listings,  with a
view to providing greater clarity and enabling greater ease of navigation around
the wide choice of movies  available  on the eleven movie  channels.  During the
quarter a number of films attracted audiences of greater than one million on the
first night's screening  including Star Wars:  Episode II - Attack of the Clones
and Bend it Like Beckham.


FINANCIAL REVIEW

Revenue

Total revenues  increased by 17% on the comparable  period to GBP1,766  million,
reflecting  growth  of 11% in the  average  number of DTH  subscribers,  another
above-market performance in advertising, and higher interactive revenues.

Sky's  advertising  revenue  increased by 11% to GBP147  million,  significantly
outperforming a broadly flat advertising market in the period. With the majority
of annual  share deal  negotiations  now  complete,  Sky  remains  confident  of
continuing to outperform the rate of overall  advertising  market growth for the
remainder of this financial year.

Excluding the one-off receipt of revenue in the first quarter, resulting from an
audit of NTL's reporting systems, wholesale revenue was broadly in line with the
comparable period at GBP99 million.

Total  interactive  revenues,  which includes both Sky Active revenues and gross
betting revenues, increased by 62% to GBP147 million, with increases in revenues
from both Sky Active and SkyBet.

Sky Active revenues  increased by 17% on the comparable period to GBP56 million.
This was due to a combination of increases in retail  revenues  through  SkyBuy,
third party betting,  revenues from interactive advertising and subsidy recovery
revenues.

SkyBet  revenue  increased by GBP48  million on the  comparable  period to GBP91
million,  driven  mainly by growth in the total number of bets placed across all
platforms, which more than doubled on the comparable period, and by a first time
contribution from SkyBetVegas, launched in March 2003.

Other revenue for the period increased by 9% to GBP84 million,  primarily due to
the sale of a greater  volume  of Sky+  boxes and  increased  Sky+  installation
revenues.

Programming costs

Programming  costs for the  period  increased  by 5% to GBP783  million.  Sports
costs,  which accounted for 69% of the total increase,  rose by GBP27 million to
GBP340  million,  driven mainly by the additions of both UEFA  Champions  League
Football and the Rugby  Union's  Heineken  Cup this  season.  An increase in the
number of movie channel  subscribers  and  contractual  rate  increases in movie
costs were offset by a  favourable  movement  in the  average  rate at which the
Group was able to  purchase  dollars  against  the  average  rolling  hedge rate
achieved in the  comparable  period,  leaving  costs flat year on year at GBP202
million.  Third party costs  increased by GBP3 million to GBP176  million,  with
growth in the average number of subscribers offset by a further reduction in the
aggregate cost per subscriber due to the commencement of revised agreements with
MTV,  Paramount Comedy,  Nickelodeon and Music Choice Europe.  Costs relating to
Sky's wholly-owned Entertainment and News channels, increased by GBP8 million on
the comparable period, reflecting ongoing investment in Sky's own programming.

Other operating costs

Marketing  costs  continued  to decrease  with a GBP1  million  reduction on the
comparable  period to  GBP215  million,  despite  further  robust  growth in the
subscriber base. The reduction was driven principally by fewer installations and
lower unit prices for the set-top box.

Subscriber  acquisition cost ("SAC") fell to around GBP200 in the quarter,  with
savings being achieved in the unit prices of the set-top box.

The marketing campaign for Sky+, which was launched in October 2003, contributed
to growth of GBP3 million in above-the-line  expenditure to GBP25 million and of
GBP7 million in other marketing costs to GBP33 million.

Subscriber  management  costs,  which include Customer  Relationship  Management
("CRM"),  supply chain and  infrastructure  costs and  associated  depreciation,
increased  by GBP30  million  on the  comparable  period to GBP191  million.  An
increase in CRM costs of GBP3 million  reflected the costs  associated  with the
rapidly growing subscriber base offset by continued efficiencies achieved in the
call centres.  These savings have led to a further reduction in the CRM cost per
subscriber  which has fallen by 6% on the  comparable  period.  Supply chain and
infrastructure  costs  increased by GBP13  million on the  comparable  period to
GBP86 million  primarily as a result of the significant  uplift in the number of
Sky+ and Extra Digiboxes sold.  Depreciation in respect of CRM assets  developed
and  capitalised  over the past three years  increased  by GBP14  million in the
period, which also contributed to the increase in subscriber management costs.

Administration  costs before  goodwill and  exceptional  items increased by GBP9
million on the  comparable  period to GBP131  million  due  mainly to  increased
technology and facilities  costs and costs  resulting from increased  compliance
obligations.

Goodwill  amortisation  decreased  by GBP6 million on the  comparable  period to
GBP58 million. This is principally due to the GBP5 million provision made in the
comparable  period against goodwill which originally arose on the acquisition of
Opta Index Limited ("Opta") as the Group announced that it was to close Opta.

The sale of the Group's 9.9%  shareholding in Manchester United plc on 7 October
2003 gave rise to an  exceptional  profit on  disposal  of GBP2  million  in the
period.  In accordance  with the accounting  treatment  required by UK GAAP, the
GBP33 million provision held against the Group's investment in Manchester United
plc was released at 30 September  2003. This was partly offset by a further GBP9
million provision against the Group's remaining football club investments.

After deducting the Group's share of the operating results of joint ventures,  a
loss of GBP5 million in the period,  and net interest  payable of GBP42 million,
the Group made a profit  before tax,  goodwill and  exceptional  items of GBP236
million.

Taxation

The total net tax charge recorded for the period was GBP74 million,  principally
comprising  a current tax charge of GBP69  million and a deferred  tax charge of
GBP8 million.  These charges were offset by a net adjustment in respect of prior
years of GBP3  million.  Excluding  the effect of goodwill,  joint  ventures and
exceptional items, this results in an underlying  effective tax rate on ordinary
activities of 30%.

After removing the effect of deferred tax, the Group's share of joint  ventures'
tax  (which  includes  consortium  relief)  and  prior  year  adjustments,   the
mainstream  corporation tax liability for the period was GBP66 million. This has
been  reduced by GBP44  million,  which is the  maximum  utilisation  of advance
corporation tax ("ACT") allowable, to GBP22 million. The remaining GBP10 million
of ACT on the Group's balance sheet is expected to be fully utilised against the
Group's tax liability for the second half of this financial year.

Earnings

The profit after tax for the period was GBP130  million.  The  weighted  average
number of shares  outstanding in the period  (excluding those shares held in the
ESOP trust) was approximately 1,936 million.  Earnings per share before goodwill
and exceptional  items in the period were 8.4 pence compared to 5.1 pence in the
comparable  period.  At 31 December 2003 the total number of shares  outstanding
was 1,940,085,139.

Cashflow and interest

Earnings before  interest,  tax and  depreciation  and  amortisation  ("EBITDA")
before exceptional items increased by 72% in the period to GBP341 million.  With
an additional GBP60 million of cash inflow principally from movements in working
capital,  the Group  generated  an  operating  cash  inflow  of GBP401  million,
representing  the  conversion of 142% of operating  profit  before  goodwill and
exceptional items.

After  the  one-off  receipt  from  the  sale  of the  Group's  shareholding  in
Manchester  United plc of GBP62 million,  capital  expenditure of GBP65 million,
net interest payments of GBP48 million,  taxation of GBP24 million and other net
inflows of GBP20 million,  net debt decreased by GBP346 million in the period to
GBP759 million at 31 December 2003.

Dividend

The Group has continued to generate strong cashflows during the period. In light
of the  Group's  financial  strength  and the  approval  of the High Court on 10
December 2003 to eliminate the deficit in the Company's  distributable reserves,
the  Directors  are  declaring  an interim  dividend of 2.75 pence per  Ordinary
Share.  The ex-dividend date will be 31 March 2004 and the dividend will be paid
on 23 April  2004 to  shareholders  of record  on 2 April  2004.  The  Directors
currently  expect to propose a final  dividend in respect of the year to 30 June
2004 when the Company  reports  preliminary  results on 4 August 2004. The Board
intends to keep the Group's  capital  structure under review and will set future
dividends  taking into  account the outlook  for future  earnings  growth,  free
cashflow generation and the investment requirements of the business.


CORPORATE

As a result of two rating upgrades in the quarter, the Group's debt has moved to
investment  grade.  On 8 December 2003  Standard & Poor's  increased the Group's
credit rating to BBB- and on 9 December 2003 Moody's Investor Service  increased
its credit rating to Baa3 with the outlook on both ratings 'stable'.

Following the AGM on 3 November 2003,  Lord Rothschild was appointed as Director
of the Board and  non-executive  Deputy  Chairman.  Lord Rothschild took up this
post on 17 November 2003. The Board has  established a new Corporate  Governance
Committee  to be chaired  by Lord  Wilson of  Dinton,  and the  members of which
comprise Lord  Rothschild and Arthur  Siskind.  Furthermore,  the Board plans to
appoint  a new  independent  non-executive  Director  and is in the  process  of
compiling a shortlist and considering candidates for that position.

Following  a decision  of the Board  during  the  period,  Gail  Rebuck has been
appointed  to the  role  of  overseeing  the  Group's  Corporate  Responsibility
activities.

Appendix 1



Subscribers to Sky Channels




                                                               Prior Year       Opening Prior Quarter
                                                               Q2 2002/03    Q4 2002/03    Q1 2003/04    Q2 2003/04
                                                                    as at         as at         as at         as at
                                                                 31/12/02      30/06/03      30/09/03      31/12/03
                                                                                                    
DTH digital homes 1,2                                           6,562,000     6,845,000     7,015,000     7,208,000
Total TV homes in the UK and Ireland 3                         26,025,000    26,154,000    26,200,000    25,955,000 4

Total Sky digital homes as a percentage of total UK and               25%           26%           27%           28%
Ireland TV homes

Cable - UK                                                      3,355,000     3,266,000     3,267,000     3,282,000
Cable - Ireland                                                   596,000       605,000       584,000       580,000

Total Sky pay homes                                            10,513,000    10,716,000    10,866,000    11,070,000

DTT - UK 3, 5                                                     873,000     1,510,000     1,710,000     2,075,000

Total Sky homes                                                11,386,000    12,226,000    12,576,000    13,145,000

Total Sky homes as a percentage of total UK and Ireland TV            44%           47%           48%           51%
homes



1:   Includes  DTH  subscribers  in Ireland  (315,000  as at 31  December  2003,
     297,000 as at 30 September 2003,  286,000 at 30 June 2003 and 272,000 at 31
     December 2002).

2:   DTH subscribers  includes only primary  subscriptions to Sky (no additional
     units are counted for Sky+ or Extra Digibox subscriptions).

3:   Total UK homes  estimated by BARB and taken from the beginning of the month
     following the period end (latest figures as at January 2004). Total Ireland
     homes estimated by Nielsen Media Research,  conducted on an annual basis in
     July (latest figures as at July 2003).

4:   2001 UK Census data was  incorporated  into the BARB data in January  2004,
     resulting in a revised figure for total UK homes.

5:   DTT homes  estimated by BARB and taken from the  beginning of the following
     month (latest figures as at January 2004). These figures may include Sky or
     Cable homes that already take multichannel TV.



Consolidated Profit and Loss Account for the half year ended 31 December 2003



                           Before      Goodwill     2003/2004        Before      Goodwill     2002/2003   2002/2003
                         goodwill           and     Half year      goodwill           and     Half year   Full year
                              and   exceptional         Total           and   exceptional         Total       Total
                      exceptional         items                 exceptional         items            as          as
                            items                                     items            as     restated*   restated*
                                                                         as     restated*
                                                                  restated*
                             GBPm          GBPm          GBPm          GBPm          GBPm          GBPm        GBPm
              Notes   (unaudited)   (unaudited)   (unaudited)   (unaudited)   (unaudited)   (unaudited)   (audited)
                                                                                        

Turnover:                   1,809             -         1,809         1,550             -         1,550       3,263
Group and
share of
joint
ventures'
turnover
Less: share                  (43)             -          (43)          (39)             -          (39)        (77)
of joint
ventures'
turnover
Group           2           1,766             -         1,766         1,511             -         1,511       3,186
turnover

Operating       3         (1,483)          (58)       (1,541)       (1,357)          (64)       (1,421)     (2,938)
expenses,
net

EBITDA         12             341             -           341           198             -           198         467
Depreciation                 (58)             -          (58)          (44)             -          (44)        (98)
Amortisation    8               -          (58)          (58)             -          (64)          (64)       (121)

Operating                     283          (58)           225           154          (64)            90         248
profit
(loss)

Share of                      (5)             -           (5)             2             -             2           3
joint
ventures'
operating
results
Profit on       4               -             2             2             -             -             -           -
disposal of
fixed asset
investments
Amounts        4,9              -            24            24             -          (19)          (19)        (15)
written
back to
(written
off) fixed
asset
investments,
net
Profit                        278          (32)           246           156          (83)            73         236
(loss) on
ordinary
activities
before
interest
and
taxation

Interest                        3             -             3             2             -             2           4
receivable
and similar
income
Interest                     (45)             -          (45)          (62)             -          (62)       (118)
payable and
similar
charges
Profit                        236          (32)           204            96          (83)            13         122
(loss) on
ordinary
activities
before
taxation

Tax             5            (74)             -          (74)             1           (2)           (1)          62
(charge)
credit on
profit
(loss) on
ordinary
activities
Profit                        162          (32)           130            97          (85)            12         184
(loss) on
ordinary
activities
after
taxation

Equity          6                                        (53)                                         -           -
dividends
Retained       10                                          77                                        12         184
profit

Earnings        7            8.4p        (1.7p)          6.7p          5.1p        (4.5p)          0.6p        9.6p
(loss) per
share -
basic
Earnings        7            8.3p        (1.6p)          6.7p          5.0p        (4.4p)          0.6p        9.5p
(loss) per
share -
diluted


*The half year and full year  results for 2002/03 have been  restated  following
the adoption of UITF abstract 38 "Accounting for ESOP trusts".

There  were no  recognised  gains or losses in either  period  other  than those
included  within the  profit and loss  account,  with the  exception  of a prior
period adjustment in respect of the adoption of UITF abstract 38. The cumulative
effect of this  adjustment was a GBP12 million  reduction to the brought forward
profit and loss reserve at 1 July 2003.

All results relate to continuing operations.

The accompanying notes are an integral part of this consolidated profit and loss
account.  Consolidated  Profit and Loss  Account for the three  months  ended 31
December 2003





                          Before     Goodwill and     Three months            Before   Goodwill and    Three months
                    goodwill and      exceptional         ended 31      goodwill and    exceptional        ended 31
                     exceptional            items    December 2003       exceptional          items   December 2002
                           items                             Total             items                          Total
                                                                        as restated*   as restated*    as restated*
                            GBPm             GBPm             GBPm             GBPm            GBPm            GBPm
                     (unaudited)      (unaudited)      (unaudited)      (unaudited)     (unaudited)     (unaudited)
                                                                                              

Turnover: Group              938                -              938              806               -             806
and share of
joint ventures'
turnover
Less: share of              (22)                -             (22)             (21)               -            (21)
joint ventures'
turnover
Group turnover               916                -              916              785               -             785

Operating                  (784)             (29)            (813)            (705)            (34)           (739)
expenses, net

EBITDA                       166                -              166              102               -             102
Depreciation                (34)                -             (34)             (22)               -            (22)
Amortisation                   -             (29)             (29)                -            (34)            (34)

Operating                    132             (29)              103               80            (34)              46
profit (loss)

Share of                     (8)                -              (8)                3               -               3
operating
results of
joint ventures
Profit on                      -                2                2                -               -               -
disposal of
fixed asset
investments
Amounts written                -              (1)              (1)                -            (19)            (19)
off fixed asset
investments,
net
Profit (loss)                124             (28)               96               83            (53)              30
on ordinary
activities
before interest
and taxation

Interest                       2                -                2                1               -               1
receivable and
similar income
Interest                    (21)                -             (21)             (31)               -            (31)
payable and
similar charges
Profit (loss)                105             (28)               77               53            (53)               -
on ordinary
activities
before taxation

Tax (charge)                (37)                -             (37)               15             (2)              13
credit on
profit (loss)
on ordinary
activities
Profit (loss)                 68             (28)               40               68            (55)              13
on ordinary
activities
after taxation

Equity                                                        (53)                                                -
dividends
Retained (loss)                                               (13)                                               13
profit

Earnings (loss)             3.6p           (1.5p)             2.1p             3.6p          (2.9p)            0.7p
per share -
basic
Earnings (loss)             3.6p           (1.5p)             2.1p             3.5p          (2.8p)            0.7p
per share -
diluted



*The  results for the three  months  ended 31 December  2002 have been  restated
following the adoption of UITF abstract 38 "Accounting for ESOP trusts".




Consolidated Balance Sheet at 31 December 2003




                                                                     31 December      31 December         30 June
                                                                            2003             2002            2003
                                                                                     as restated*    as restated*
                                                                            GBPm             GBPm            GBPm
                                                         Notes       (unaudited)      (unaudited)       (audited)
                                                                                                  

Fixed assets
Intangible assets                                            8               478              594             536
Tangible assets                                                              346              336             346
Investments                                                  9                37               69              74
                                                                             861              999             956

Current assets
Stocks                                                                       662              627             370
Debtors: Amounts falling due within one year
   - deferred tax assets                                                      50                -              31
   - other                                                                   393              433             363
                                                                             443              433             394

Debtors: Amounts falling due after more than one year
   - deferred tax assets                                                     128               68             159
   - other                                                                    61              136              64
                                                                             189              204             223

Cash at bank and in hand                                                     318               51              47
                                                                           1,612            1,315           1,034

Creditors: Amounts falling due within one year
   - other creditors                                                     (1,399)          (1,192)           (967)

Net current assets                                                           213              123              67

Total assets less current liabilities                                      1,074            1,122           1,023

Creditors: Amounts falling due after more than one year
   - long-term borrowings                                                (1,077)          (1,437)         (1,152)
   - other creditors                                                        (24)             (17)            (20)
                                                                         (1,101)          (1,454)         (1,172)

Provisions for liabilities and charges                                         -              (3)             (3)
                                                                            (27)            (335)           (152)

Capital and reserves - equity
Called-up share capital                                      10              970              968             969
Share premium                                                10            1,428            2,530           2,536
Shares to be issued                                          10                -                3               3
ESOP reserve                                                 10              (9)             (39)            (35)
Merger reserve                                               10              262              336             299
Special reserve                                              10               14                -               -
Profit and loss account                                      10          (2,692)          (4,133)         (3,924)
                                                             10             (27)            (335)           (152)



The accompanying notes are an integral part of this consolidated balance sheet.

*The balance  sheets as at 31 December  2002 and 30 June 2003 have been restated
following the adoption of UITF abstract 38 "Accounting for ESOP trusts".





Consolidated Cash Flow Statement for the half year ended 31 December 2003




                                                                              2003/2004      2002/2003    2002/2003
                                                                              Half year      Half year    Full year
                                                                                   GBPm           GBPm         GBPm
                                                                 Notes      (unaudited)    (unaudited)    (audited)
                                                                                                    

Net cash inflow from operating activities                          11a              401            255          664
Dividends received from joint ventures                                                3              -            4

Returns on investments and servicing of finance
Interest received and similar income                                                  3              2            3
Interest paid and similar charges on external financing                            (51)           (68)        (127)
Interest element of finance lease payments                                            -              -          (1)
Net cash outflow from returns on investments and servicing of                      (48)           (66)        (125)
finance

Taxation
UK corporation tax paid                                                            (21)              -         (18)
Consortium relief paid                                                              (3)              -            -
Net cash outflow from taxation                                                     (24)              -         (18)

Capital expenditure and financial investment
Payments to acquire tangible fixed assets                                          (65)           (44)         (98)
Receipts from sales of fixed asset investments                                       68              -            1
Net cash inflow (outflow) from capital expenditure and                                3           (44)         (97)
financial investment

Acquisitions and disposals
Funding to joint ventures                                                           (2)            (5)         (15)
Repayments of funding from joint ventures                                             3              2            5
Net cash inflow (outflow) from acquisitions and disposals                             1            (3)         (10)

Net cash inflow before management of liquid resources and                           336            142          418
financing

Management of liquid resources
(Increase) decrease in short-term deposits                                        (175)              -            1

Financing
Proceeds from issue of Ordinary Shares                                               10              -            5
Capital element of finance lease payments                          11b                -            (1)          (2)
Net decrease in total debt                                         11b             (75)          (140)        (425)
Net cash outflow from financing                                                    (65)          (141)        (422)

Increase (decrease) in cash                                        11b               96              1          (3)

Decrease in net debt                                               11b              346            142          423


The  accompanying  notes are an  integral  part of this  consolidated  cash flow
statement.



Notes to Financial Statements


1     Basis of preparation


The interim accounts for the half year ended 31 December 2003 have been prepared
in accordance  with  accounting  policies  consistent  with those applied in the
accounts for the year ended 30 June 2003,  which were  approved by the Directors
on 11  August  2003,  with the  exception  of the  change in  accounting  policy
following the adoption of UITF  abstract 38  "Accounting  for ESOP trusts",  for
which the half year and full year  results for 2002/03 have been  restated  (see
note 10 (iv)). The interim accounts for the six months ended 31 December 2003 do
not  constitute  statutory  accounts and are  unaudited,  but have been formally
reviewed by Deloitte & Touche LLP.  Their report is not modified in any respect.
The interim accounts were approved by the board on 10 February 2004.

The  financial  information  for the 2002/2003  full year is extracted  from the
financial  statements  for that  year,  with the  exception  of the  restatement
arising from the change in accounting  policy described  above,  which have been
filed with the Registrar of Companies.  The auditors'  report on those financial
statements  was  unqualified  and did not contain any  statement  under  section
237(2) or (3) of the Companies Act 1985.

2     Turnover

The Group's  turnover,  whilst  deriving  from one class of  business,  has been
analysed as follows:


                        2003/2004      2002/2003    2002/2003
                        Half year      Half year    Full year
                             GBPm           GBPm         GBPm
                      (unaudited)    (unaudited)    (audited)
DTH subscribers             1,285          1,112        2,341
Cable subscribers             103             98          202
Advertising                   147            133          284
Interactive                   147             91          218
Other                          84             77          141
                            1,766          1,511        3,186


3     Operating expenses, net





                     Before                                       Before
                   goodwill       Goodwill                      goodwill       Goodwill
                        and            and      2003/2004            and            and      2002/2003    2002/2003
                exceptional    exceptional      Half year    exceptional    exceptional      Half year    Full year
                      items          items          Total          items          items          Total        Total
                                                             as restated    as restated    as restated  as restated
                       GBPm           GBPm           GBPm           GBPm           GBPm           GBPm         GBPm
                (unaudited)    (unaudited)    (unaudited)    (unaudited)    (unaudited)    (unaudited)    (audited)
                                                                                           

Programming (i)         783              -            783            744              -            744        1,604
Transmission             77              -             77             74              -             74          143
and related
functions (i)
Marketing               215              -            215            216              -            216          400
Subscriber              191              -            191            161              -            161          324
management
Administration (ii)     131             58            189            122             64            186          359
Betting                  86              -             86             40              -             40          108
                      1,483             58          1,541          1,357             64          1,421        2,938



(i)  The  amounts  shown  are net of GBP8  million  (2002/2003:  half  year GBP7
     million;   full  year  GBP12  million)  receivable  from  the  disposal  of
     programming  rights not  acquired for use by the Group,  and GBP13  million
     (2002/2003: half year GBP12 million; full year GBP26 million) in respect of
     the provision to third party broadcasters of spare transponder capacity.

(ii) Administration  costs  for the  2002/03  full  year  include  goodwill  and
     exceptional items of GBP117 million.

4     Exceptional items, net of tax





                                                                        2003/2004      2002/2003          2002/2003
                                                                        Half year      Half year          Full year
                                                                           credit         charge    credit (charge)
                                                                             GBPm           GBPm               GBPm
                                                                      (unaudited)    (unaudited)          (audited)
                                                                                                       

Release of provision against ITV Digital programming debtors (iii)              -              -                  3
Exceptional operating items                                                     -              -                  3

Profit on disposal of fixed asset investments (i)                               2              -                  -
Amounts written back to (written off) fixed asset investments, net (ii)        24           (21)               (15)

Recognition of deferred tax asset (iv)                                          -              -                123
Total exceptional items*                                                       26           (21)                111



*Total  exceptional  items for the half year ended 31 December 2003 are net of a
tax charge of nil (2002/2003 half year: GBP2 million tax charge;  2002/2003 full
year: GBP121 million net tax credit).

(i) Profit on disposal of fixed asset investments

On 7 October  2003,  the Group  disposed of its listed  investment in Manchester
United plc, realising a profit on disposal of GBP2 million (see note 9).

(ii) Amounts (written back to) written off fixed asset investments, net

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 GBP9 million.

2002

At 31 December 2002, the Group made a provision against its minority investments
in football clubs, leading to a non-cash exceptional charge of GBP21 million.

At 31 December 2002, the Group reduced its deferred  revenue balance relating to
minority  investments in new media  companies by GBP5 million,  and reduced both
its  investment  and its provision  against the  investment  in these  companies
accordingly.

At 31 December 2002,  the Group made a provision  against its investment in Open
TV shares,  leading to a non-cash  exceptional charge of GBP3 million,  bringing
the carrying value of the Group's investment in Open TV to nil.

In addition to the items noted above,  the Group reduced its  provision  against
its investment in Chelsea Village plc at 30 June 2003 by GBP3 million, following
the agreement to sell its minority investment in July 2003.

(iii) Release of provision against ITV Digital programming debtors

The Group had  provided in full  against  all  unprovided  balances  owed by ITV
Digital,  following the announcement by the  administrators of ITV Digital on 30
April 2002 to close the pay television  services on the ITV Digital platform and
close the administration.  During 2003, the Group received GBP5 million from ITV
Digital's  administrators and released GBP5 million of its exceptional operating
provision accordingly (GBP3 million net of tax charge).

(iv) Recognition of deferred tax asset

Following a review of the forecast  utilisation  of tax losses within the Group,
and as a consequence  of a planned  reorganisation  of certain assets within the
Group, there was sufficient  evidence at 30 June 2003 to support the recognition
of a deferred tax asset arising on losses incurred in the Company.  Accordingly,
a deferred tax credit of GBP123 million was recognised as an exceptional item.


5     Tax on profit on ordinary activities

Analysis of charge (credit) in period:





                                                                    2003/2004          2002/2003          2002/2003
                                                                    Half year          Half year          Full year
                                                              charge (credit)    charge (credit)    charge (credit)
                                                                                     as restated        as restated
                                                                         GBPm               GBPm               GBPm
                                                                  (unaudited)        (unaudited)          (audited)
                                                                                                       

Current tax (i)

UK corporation tax                                                         69                 29                 87
Adjustment in respect of prior years                                      (8)                  -                  -
                                                                           61                 29                 87


Deferred tax:

Origination and reversal of timing differences (i)                          8               (36)              (149)
Increase (decrease) in estimate of recoverable deferred                     5                  7                (2)
tax asset in respect of prior years
Total deferred tax                                                         13               (29)              (151)

Share of joint ventures' tax charge                                         -                  1                  2

                                                                           74                  1               (62)



(i)  The current tax charge for the half year to 31  December  2003  includes an
     exceptional  charge of nil (2002/2003  half year:  GBP2 million;  2002/2003
     full year:  GBP2 million).  The deferred tax charge for the half year to 31
     December 2003 includes an exceptional  charge of nil (2002/2003  half year:
     nil; 2002/2003 full year: credit of GBP123 million).

(ii) At 31 December 2003, a deferred tax asset of GBP18 million (2002/2003: half
     year GBP134 million;  full year GBP17 million)  principally arising from UK
     losses in the Group has not been  recognised.  These  losses  can be offset
     only against taxable profits generated in the entities concerned.  Although
     the  Directors  ultimately  expect  sufficient  profits to arise,  there is
     currently  insufficient  evidence to support  recognition of a deferred tax
     asset  relating to these  losses.  The losses are  available  to be carried
     forward indefinitely under current law.

6     Equity dividends




                                                                               2003/2004      2002/2003    2002/2003
                                                                               Half year      Half year    Full year
                                                                                    GBPm           GBPm         GBPm
                                                                             (unaudited)    (unaudited)    (audited)
                                                                                                        

Equity dividends
- interim dividend of 2.75p (2002/2003 half year: nil; 2002/2003 full                53              -            -
year: nil) per Ordinary Share



7     Earnings (loss) per share

Basic  earnings  (loss)  per share  represents  the  profit  (loss) on  ordinary
activities after taxation  attributable to the equity  shareholders,  divided by
the weighted average number of Ordinary Shares in issue during the period,  less
the  weighted  average  number  of shares  held in the  Group's  employee  Share
Ownership Plan ("ESOP") trust during the period.

Diluted  earnings  (loss) per share  represents  the profit  (loss) on  ordinary
activities after taxation  attributable to the equity  shareholders,  divided by
the weighted average number of Ordinary Shares in issue during the period,  less
the weighted  average number of shares held in the Group's ESOP trust during the
period plus the weighted  average number of dilutive shares resulting from share
options and other potential shares outstanding during the period (see below).

The weighted average number of shares in the period was:





                                                                              2003/2004      2002/2003   2002/2003
                                                                              Half year      Half year   Full year
                                                                               millions       millions    millions
                                                                              of shares      of shares   of shares
                                                                            (unaudited)    (unaudited)   (audited)
                                                                                                      

Ordinary Shares                                                                   1,938          1,905       1,921
ESOP trust shares                                                                   (2)            (6)         (6)

Basic shares                                                                      1,936          1,899       1,915

Dilutive Ordinary Shares from share options and other potential Ordinary              6             42          27
Shares outstanding

Diluted shares                                                                    1,942          1,941       1,942



8     Intangible assets

The movement in the period was as follows:


                                          Goodwill
                                              GBPm
                                       (unaudited)
Net book value at 1 July 2003                  536
Amortisation                                  (58)
Net book value at 31 December 2003             478

Goodwill of GBP272  million,  GBP542  million and GBP5  million,  arising on the
acquisitions of Sports Internet Group ("SIG"),  British Interactive Broadcasting
("BiB") and WAPTV Limited respectively, is being amortised over periods of seven
years on a straight-line basis.

In accordance  with FRS 11,  impairment  reviews were  performed on the carrying
values of BiB and SIG goodwill  balances at the end of the first full  financial
year after acquisition, at 30 June 2002. These reviews showed that no impairment
was identified in either case. Consistent with the Group strategy,  the business
plans  on  which  these  reviews  were  based  reflected  significant  projected
increases in betting and other  interactive  revenues over the  subsequent  five
years and the carrying value of the goodwill is therefore  heavily  dependent on
the forecast performance of and projections for these businesses.

9     Fixed asset investments



                                  31 December    31 December        30 June
                                         2003           2002           2003
                                                 as restated    as restated
                                         GBPm           GBPm           GBPm
                                  (unaudited)    (unaudited)      (audited)

Investments in joint ventures              34             28             30
Other investments                           3             41             44
Total investments                          37             69             74


Other investments

2003

On 7 October 2003,  the Group  announced  that it had sold its entire holding in
Manchester  United plc for GBP62  million,  recognising  a profit on disposal of
GBP2 million  following the release of GBP33 million  provision  previously held
against the investment, effective as at 30 September 2003.

The Group has  increased its provision  against its  remaining  minority  equity
investments in football clubs by a further GBP9 million.

2002

At 31 December  2002,  the Group made a further  provision  against its minority
equity investments in football clubs leading to a non-cash exceptional charge of
GBP21 million.

At 31 December 2002, the Group reduced its deferred  revenue balance relating to
minority  investments in new media  companies by GBP5 million,  and reduced both
its  investment  and  provision   against  the  investment  in  these  companies
accordingly.

At 31 December 2002,  the Group made a provision  against its investment in Open
TV shares,  leading  to a  non-cash  exceptional  charge of GBP3  million.  This
reduced the carrying value of the Group's investment in Open TV to nil.

In addition to the items noted above,  the Group reduced its  provision  against
its investment in Chelsea Village plc at 30 June 2003 by GBP3 million, following
the agreement to sell its minority investment in July 2003.


10     Reconciliation of movement in shareholders' deficit





                                                                                                       Total equity
                Share        Share    Shares to       Merger      Special         ESOP   Profit and   shareholders'
              capital      premium    be issued      reserve      reserve      reserve         loss         deficit
                  (i)   (ii) (iii)         (ii)                     (iii)         (iv)      account
                 GBPm         GBPm         GBPm         GBPm         GBPm         GBPm         GBPm            GBPm
          (unaudited)  (unaudited)  (unaudited)  (unaudited)  (unaudited)  (unaudited)  (unaudited)     (unaudited)
                                                                                        

At 1              969        2,536            3          299            -         (35)      (3,924)           (152)
July
2003 -
as
restated
Issue of            1           12          (3)            -            -            -            -              10
share
capital
ESOP                -            -            -            -            -           26           12              38
shares
utilised
Profit              -            -            -            -            -            -           77              77
for the
financial
period
Share               -      (1,120)            -            -           14            -        1,106               -
premium
reduction
Transfer            -            -            -         (37)            -            -           37               -
from
merger
reserve
At 31             970        1,428            -          262           14          (9)      (2,692)            (27)
December
2003


(i)  During the period the Company  issued  shares with a market  value of GBP14
     million  (2002/2003:  half year GBP1  million;  full year GBP6  million) in
     respect of the  exercise of options  awarded  under  various  share  option
     schemes,  with  GBP10  million  (2002/2003:  half year nil;  full year GBP5
     million) received from employees.

(ii) On 30 September 2003, the Company issued 338,755 Ordinary Shares to satisfy
     the remaining contingent consideration in respect of the acquisition of the
     remaining 5% interest in WAPTV Limited which occurred in May 2001.

(iii)On 10 December  2003,  the High Court approved a reduction in the Company's
     share  premium  account of GBP1,120  million,  as approved by the Company's
     shareholders  at the Annual  General  Meeting held on 14 November 2003. The
     reduction had the effect of eliminating the Company's deficit on its profit
     and loss account at 30 September 2003 of GBP1,106  million,  and creating a
     non-distributable  special reserve of GBP14 million,  which  represents the
     excess of the share  premium  reduction  over the  deficit.  The  Company's
     balance  sheet and profit and loss  account are not  presented  within this
     interim statement.

(iv) At 31 December 2003, the Group's ESOP held 1,280,337 Ordinary Shares in the
     Company at an average  value of GBP6.72  per share.  The  4,176,675  shares
     utilised  during the period  relate to the exercise of Long Term  Incentive
     Plan ("LTIP") and Key Contributor  Plan ("KCP") awards.  As a result of the
     adoption  of  UITF  abstract  38,  the  Group's  ESOP  shares,  which  were
     previously held within  investments,  are now presented as a deduction from
     shareholders'  funds.  In  addition  the  brought  forward  profit and loss
     reserve at 1 July 2003 was reduced by GBP12 million. The impact of adopting
     UITF  abstract  38 was  accordingly  to reduce net assets at 1 July 2003 by
     GBP47  million,  and to reduce  profit for the year to 30 June 2003 by GBP6
     million  (profit  for  the 6  months  to 31  December  2002:  GBP4  million
     decrease).


11     Notes to consolidated cash flow statement

a)     Reconciliation of operating profit to operating cash flows





                                                           2003/2004      2002/2003      2002/2003
                                                           Half year      Half year      Full year
                                                                        as restated    as restated
                                                                GBPm           GBPm           GBPm
                                                         (unaudited)    (unaudited)      (audited)
                                                                                      

Operating profit                                                 225             90            248
Depreciation                                                      58             44             98
Amortisation of goodwill and other intangible assets              58             64            121
Loss on disposal of fixed assets                                   1              -              -
Decrease in working capital                                       62             57            198
Provisions utilised, net                                         (3)              -            (1)
Net cash inflow from operating activities                        401            255            664




b)     Analysis of changes in net debt



                                                                                            At 31
                                                          At 1 July                      December
                                                               2003      Cash flow           2003
                                                               GBPm           GBPm           GBPm
                                                          (audited)    (unaudited)    (unaudited)
Overnight deposits                                               33             68            101
Other cash                                                       14             28             42
                                                                 47             96            143

Short-term deposits                                               -            175            175
Cash at bank and in hand                                         47            271            318

Debt due after more than one year                           (1,144)             75        (1,069)
Finance leases                                                  (8)              -            (8)
Total debt                                                  (1,152)             75        (1,077)

Total net debt                                              (1,105)            346          (759)




12     EBITDA


EBITDA  (earnings  before  interest,  tax,  depreciation  and  amortisation)  is
calculated  as  operating   profit  before   depreciation  and  amortisation  or
impairment of goodwill and intangible fixed assets.

13     Regulatory update


EC Investigation - FAPL

The  European  Commission  has  undertaken   investigations  into  a  number  of
agreements,  decisions  or  practices  leading to the  acquisition  of broadcast
rights to  football  events  within  the EEA,  including  the sale of  exclusive
broadcast rights to Premier League football by the Football  Association Premier
League Limited  ("FAPL").  On 21 June 2002,  BSkyB Limited and the FAPL notified
BSkyB Limited's current agreements for the broadcast of FAPL football matches to
the European  Commission seeking either a clearance or an exemption from Article
81 of the EC  Treaty.  The FAPL has also  notified  the rules of the FAPL to the
European  Commission.  On 20 December  2002,  the European  Commission  issued a
Statement of Objections to the FAPL outlining certain concerns in respect of the
FAPL's joint selling of broadcast rights to Premier League football.  Since June
2003, the Group has received  several requests for information from the European
Commission  concerning the bidding process undertaken by the FAPL in relation to
the sale of Premier League  football  rights in respect of the three year period
2004-2007.  In August and October 2003,  the FAPL  announced  that the Group has
been awarded (subject to contract) all four packages of exclusive live UK rights
to FAPL  football  and two "near live"  packages  of UK rights to FAPL  football
(both on a delayed  basis),  four of the five packages of live rights in Ireland
and two "near live"  packages  of rights in Ireland  from the  beginning  of the
2004/2005  season to the end of the  2006/07  season.  On 16  December  2003 the
European Commission announced that a provisional agreement had been reached with
the FAPL  regarding  the joint  selling of the media  rights to  Premier  League
matches and that a provisional  agreement had been reached with BSkyB  regarding
its recent  acquisition  of TV rights to those  matches.  Under the  provisional
agreement  with BSkyB,  BSkyB has agreed to offer to  sublicense  a set of up to
eight  premier  league  matches  each  season  to  another  broadcaster.   These
provisional  agreements  will be  submitted  for  third  party  comments  as the
European Commission formalises its position.

EC Investigation - Movie Contracts

The European  Commission is investigating  the terms on which movies produced by
major US movie studios are supplied to distributors, including pay TV operators,
throughout   the  European   Union.   The  Group  is   co-operating   with  this
investigation.  At this stage, the Group is unable to determine  whether it will
have a material effect on the Group and its financial results.


                                   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: 11 February 2004                   By: /s/ Dave Gormley
                                             Dave Gormley
                                             Company Secretary