BT 2009 Annual Report Download - page 109

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS – NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
107BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTS
12. Property, plant and equipment continued
2009 2008
£m £m
Additions to property, plant and equipment comprised:
Land and buildings 23 33
Network infrastructure and equipment
Transmission equipment 1,067 1,117
Exchange equipment 44 83
Other network equipment 899 1,060
Other
Computers and office equipment 140 181
Motor vehicles and other 73 50
Total additions to property, plant and equipment 2,246 2,524
Increase (decrease) in engineering stores 3 (11)
Total additions 2,249 2,513
13. Investments
2009 2008
£m £m
Non current assets
Available-for-sale 23 15
Loans and receivables 32 16
55 31
Current assets
Available-for-sale 153 439
Loans and receivables 10 1
163 440
The credit rating of counterparties with which current asset investments were held is detailed in the table below.
2009 2008
£m £m
Moody’s/S&P credit ratinga
Aaa/AAA 153 440
A1/A+ 10 –
Total current asset investments 163 440
aCurrent asset investment balances with counterparties have been classified at the lower of their Moody’s and S&P rating.
The majority of current asset investments are held for periods ranging from one day to one year.
Available-for-sale
Available-for-sale current assets consist of floating rate liquidity fund deposits denominated in Sterling of £97m (2008: £335m), in Euros
of £43m (2008: £81m) and in US dollars of £13m (2008: £23m), which are immediately accessible to the group to manage liquidity.
Loans and receivables
Loans and receivables mainly consist of fixed term loans denominated in Sterling with a fixed coupon.