BT 1997 Annual Report Download - page 41

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41
Balance sheet of the company
AT 31 MARCH 1997
1997 1996
Notes £m £m
Fixed assets
Tangible assets 11 14,493 14,313
Investments 12 6,599 5,825
Total fixed assets 21,092 20,138
Current assets
Stocks 159 180
Debtors 13 4,013 3,098
Investments 14 2,909 1,983
Total current assets 7,081 5,261
Creditors: amounts falling due within one year
Loans and other borrowings 15 2,316 607
Other creditors 16 9,005 5,818
Total creditors: amounts falling due within one year 11,321 6,425
Net current liabilities (4,240) (1,164)
Total assets less current liabilities 16,852 18,974
Creditors: amounts falling due after more than one year
Loans and other borrowings 15 3,493 3,876
Provisions for liabilities and charges 17 1,341 1,050
Capital and reserves
Called up share capital 18 1,589 1,573
Share premium account 19 675 531
Capital redemption reserve 19 750 750
Profit and loss account 19 9,004 11,194
Total equity shareholders’ funds 20 12,018 14,048
16,852 18,974
Debtors include amounts receivable after more than one year of £741m (1996 – £119m).
The financial statements on pages 36 to 62 were approved by the
board of directors on 20 May 1997 and were signed on its behalf by
Sir Iain Vallance Chairman
Sir Peter Bonfield CBE Chief Executive
R P Brace Group Finance Director