BT 2006 Annual Report Download - page 74
Download and view the complete annual report
Please find page 74 of the 2006 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
 |
 |
IFRIC 7 ‘Applying the restatement approach under IAS 29’
(effective from 1 April 2006)
IFRIC 7 deals with the accounting when an entity identifies the
existence of hyperinflation in the economy of its functional
currency and how deferred tax items in the opening balance
sheet should be restated. The group has operations in hyper-
inflationary economies. The group has assessed the impact of
the interpretation and concluded it is not likely to have a
significant impact on the group’s financial statements.
IFRIC 8 ‘Scope of IFRS 2’ (effective from 1 April 2007)
IFRIC 8 clarifies that transactions within the scope of IFRS 2
‘Share Based Payment’ include those in which the entity cannot
specifically identify some or all of the goods and services
received. The group has assessed the impact of this
interpretation and has concluded it is not likely to have a
significant impact on the group’s financial statements.
IFRIC 9 ‘Reassessment of embedded derivatives’ (effective
from 1 April 2007)
IFRIC 9 clarifies that an entity should assess whether an
embedded derivative is required to be separated from the host
contract and accounted for as a derivative when the entity first
becomes a party to the contract. Subsequent reassessment is
prohibited unless there is a change in the contract terms, in
which case it is required. The group has assessed the impact of
this interpretation and has concluded it is not likely to have a
significant impact on the group’s financial statements.
BT Group plc Annual Report and Form 20-F 2006 Accounting policies72