BT 1997 Annual Report Download - page 52

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NOTES TO THE FINANCIAL STATEMENTS
52
Group Company
1997 1996 1997 1996
16. Other creditors £m £m £m £m
Trade creditors 1,858 1,732 1,483 1,455
Amounts owed to subsidiary undertakings ––898 726
Amounts owed to associated undertakings 46 37 –2
Corporation taxes 1,774 1,091 1,503 1,007
Other taxation and social security 332 354 321 359
Other creditors 1,134 853 931 701
Accrued expenses 313 282 203 168
Deferred income 706 710 658 685
Dividends (a) 3,008 715 3,008 715
Total other creditors 9,171 5,774 9,005 5,818
Total other creditors included amounts due after more than one year:
Deferred income 13 28 13 28
(a) The 1997 figures include the special dividend of £2,244m.
Deferred Pension Other
taxation (a) provisions provisions Total
17. Provisions for liabilities and charges £m £m £m £m
Group
Balances at 1 April 1996 375 980 91 1,446
Charged (credited) against profit for the year:
Regular pension cost – 291 – 291
Redundancy charges – 258 – 258
Other charges (credits) (79) – 27 (52)
Utilised in the year – (238) (18) (256)
296 1,291 100 1,687
Advance corporation tax recoverable (296) – – (296)
Total provisions at 31 March 1997 – 1,291 100 1,391
Company
Balances at 1 April 1996 200 980 49 1,229
Charged (credited) against profit for the year:
Regular pension cost – 281 – 281
Redundancy charges – 258 – 258
Other charges (credits) (99) – 5 (94)
Utilised in the year – (228) (4) (232)
101 1,291 50 1,442
Advance corporation tax recoverable (101) – – (101)
Total provisions at 31 March 1997 – 1,291 50 1,341