BT 1997 Annual Report Download - page 47

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NOTES TO THE FINANCIAL STATEMENTS
47
Interests in associated
undertakings (a) (b)
Share
of post Other
acquisition participating Other
Shares Loans profits interests investments (c) Total
12. Fixed asset investments £m £m £m £m £m £m
Group
Cost
Balances at 1 April 1996 3,011 18 114 117 67 3,327
Additions 149 13 – 72 99 333
Share of retained profits for the year – – 83 – – 83
Repayments, disposals and other transfers – (11) – (49) (2) (62)
Currency movements (60) – – – (9) (69)
Balances at 31 March 1997 3,100 20 197 140 155 3,612
Provisions and amounts written off
Balances at 1 April 1996 (2,263) – – – (7) (2,270)
Goodwill (48)––––(48)
Decrease (increase) in the year (22) – – – 1 (21)
Balances at 31 March 1997 (2,333) – – – (6) (2,339)
Net book value at 31 March 1997 767 20 197 140 149 1,273
Net book value at 31 March 1996 748 18 114 117 60 1,057
Subsidiary
undertakings (a) Associated Other
undertakings participating Other
Shares Loans (a)(b) interests investments (c) Total
£m £m £m £m £m £m
Company
Cost
Balances at 1 April 1996 3,037 12 2,901 117 163 6,230
Additions 1,106 – 4 72 13 1,195
Repayments, disposals and other transfers – – (2) (49) – (51)
Currency movements (3) (1) (180) – – (184)
Balances at 31 March 1997 4,140 11 2,723 140 176 7,190
Provisions and amounts written off
Balances at 1 April 1996 (226) – (27) – (152) (405)
Increase in the year (186) – – – (1) (187)
Disposalsandtransfers 1––––1
Balances at 31 March 1997 (411) – (27) – (153) (591)
Net book value at 31 March 1997 3,729 11 2,696 140 23 6,599
Net book value at 31 March 1996 2,811 12 2,874 117 11 5,825
(a) Subsidiary and associated undertakings
Details of the principal operating subsidiary and associated undertakings are set out on pages 61 and 62.