BT 1998 Annual Report Download - page 64

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O T E S T O TH E F I N A N C I A L S TAT E M E N T S
Group Company
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1998 1997 1998 1997
20. Other creditors £m £m £m £m
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Trade creditors 1,971 1,858 1,550 1,483
Amounts owed to subsidiary undertakings ––870 898
Amounts owed to associated undertakings 39 46 ––
Corporation and windfall taxes 833 1,774 589 1,503
Other taxation and social security 309 332 308 321
Other creditors 1,055 1,134 952 931
Accrued expenses 392 313 302 203
Deferred income 745 706 735 658
Dividends (a) 737 3,008 737 3,008
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Total other creditors 6,081 9,171 6,043 9,005
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Total other creditors included amounts due after more than one year:
Deferred income –13 –13
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(a) The 1997 figures include the special dividend of £2,244m, paid in September 1997.
Deferred Pension Other
taxation (a) provisions provisions Total
21. Provisions for liabilities and charges £m £m £m £m
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Group
Balances at 1 April 1997 296 1,291 100 1,687
Charged (credited) against profit for the year (22) 177 25 180
Utilised in the year – (244) (13) (257)
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274 1,224 112 1,610
Advance corporation tax recoverable (184) – – (184)
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Total provisions at 31 March 1998 90 1,224 112 1,426
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Company
Balances at 1 April 1997 101 1,291 50 1,442
Charged (credited) against profit for the year (33) 171 (5) 133
Utilised in the year – (238) – (238)
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68 1,224 45 1,337
Advance corporation tax recoverable (68) – – (68)
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Total provisions at 31 March 1998 – 1,224 45 1,269
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