BT 2013 Annual Report Download - page 54

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Performance
52
Other information
Contractual obligations and commitments
A summary of our principal contractual financial obligations and
commitments at 31 March 2013 is shown below. Further details on the
items can be found in the notes to the consolidated financial statements.
Details of our financial commitments and contingent liabilities are
included in note 29 to the consolidated financial statements.
Payments due by period
£m Total
Less than
1 year
Between
1 and
3 years
Between
3 and
5 years
More than
5 years
Loans and other
borrowingsa9,633 1,729b2,483 1,905 3,516
Finance lease
obligations 272 7 24 23 218
Operating lease
obligations 7,182 412 760 723 5,287
Capital
commitments 355 342 13 – –
Programme rights
commitments 888 279 558 51 –
Pension deficit
obligations 2,390 325 590 590 885
Total 20,720 3,094 4,428 3,292 9,906
a Excludes fair value adjustments for hedged risks.
b Includes £236m of accrued interest due within less than one year.
At 31 March 2013, our cash, cash equivalents and current asset
investments were £1,455m. We also have an unused committed
borrowing facility amounting to £1.5bn. These resources and our future
cash generation are expected to allow us to settle our obligations as they
fall due.
Off-balance sheet arrangements
Other than the financial commitments and contingent liabilities
disclosed in note29 to the consolidated financial statements, there are
no off-balance sheet arrangements that have, or are reasonably likely
to have, a current or future material effect on our financial condition,
changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditure or capital resources.
Legal proceedings
We do not believe that there is any single current court action that
would have a material adverse effect on our financial position or
operations. During 2012/13 the aggregate volume and value of legal
actions to which we are party remained broadly the same as at the
endof 2011/12.