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186 BT Group plc
Annual Report 2015
/RDQVDQGRWKHUERUURZLQJVFRQWLQXHG
bliations under finance leases are analsed as follows
At 31 March
2015 2014 2015 2014
Minimum lease payments
Repayment of
outstanding
lease obligations
£m £m £m £m
ounts paable under finance leases
Due within one year 29 31 13 14
etween two to five ears 101 111 46 51
fter five ears 269 307 179 199
399 449 238 264
ess future finance chares 11 1 – –
7RWDOƬQDQFHOHDVHREOLJDWLRQV 238 264 238 264
ssets held under finance leases ainl consist of buildins and networ assets. he roups obliations under finance leases are secured b the
lessors’ title to the leased assets.
)LQDQFHH[SHQVH
Year ended 31 March
2015
£m
2014
£m
2013
£m
)LQDQFHH[SHQVH
Interest on:
Financial liabilities at amortised cost 516 560 623
Finance leases 15 16 19
Derivatives 713 5
Fair value movements:
Bonds designated as hedged items in fair value hedges 82  31
Derivatives designated as hedging instruments in fair value hedges  47 1
Derivatives not in a designated hedge relationship 7  6
eclassification of cash ow hede fro other coprehensive incoe 26 9 12
Unwinding of discount on provisions 886
Finance expense 579 604 671
ess interest capitalised at weihted averae rate of .0 011 .1 011 .1  1 
7RWDOƬQDQFHH[SHQVHEHIRUHVSHFLƬFLWHPV 577 603 666
pecific ites note  299 235 119
7RWDOƬQDQFHH[SHQVH 876 838 785
econciliation of net finance epense to net interest cash outow
et interest cash outow of 0 011 0 011 9 is 0 hiher 011 1 011 9 than the net
finance epense in the incoe stateent. his is ostl due to certain interest cash outows and inows bein spread over a nuber of ears in
the income statement.
Year ended 31 March
2015
£m
2014
£m
2013
£m
et finance epense 560 591 653
iin dierences
–
Derivative restructuring costs –1416
–
Timing of coupon payments on bonds 4 15
– Deferred income 988
pecific ite note  7––
1HWLQWHUHVWFDVKRXWƮRZ 580 608 692