BT 2009 Annual Report Download - page 141

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS FINANCIAL STATEMENTS OF BT GROUP PLC
139BT GROUP PLC ANNUAL REPORT & FORM 20-F
FINANCIAL STATEMENTS
BT Group plc company balance sheet
2009 2008
£m £m
Fixed assets
Investments in subsidiary undertakingsa10,168 10,182
Total fixed assets 10,168 10,182
Current assets
Debtorsb142 996
Cash at bank and in hand 13 16
Total current assets 155 1,012
Creditors: amounts falling due within one yearc65 184
Net current assets 90 828
Total assets less current liabilities 10,258 11,010
Capital and reservesd
Called up share capital 408 420
Share premium account 62 62
Capital redemption reserve 27 15
Treasury shares reserve (1,109) (1,843)
Profit and loss account 10,870 12,356
Total equity shareholders’ funds 10,258 11,010
aThroughout 2009, the company held a 100% investment in BT Group Investments Limited, a company registered in England and Wales. The company also held a 91% investment in Net 2S SA at 31 March
2008 (a company which changed its name to BT Services SA on 1 April 2009), which it increased to 98.9% in 2009 before selling the investment within the BT Group to BT France SA on 25 March 2009 for a
consideration of £64m and a profit on disposal of £11m. The remaining change to investments in subsidiary undertakings relates to additional capital contributions in respect of share based payments
(2009: £31m, 2008: £73m).
bDebtors consists of amounts owed by subsidiary undertakings of £142m (2008: £996m).
cCreditors consists of amounts owed to subsidiary undertakings of £15m (2008: £8m) and other creditors of £50m (2008: £176m).
dCapital and reserves are shown on page 140.
The financial statements of the company on pages 138 to 141 were approved by the board of the directors on 13 May 2009 and were
signed on its behalf by
Sir Michael Rake
Chairman
Ian Livingston
Chief Executive
Tony Chanmugam
Group Finance Director