BT 1998 Annual Report Download - page 50

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Group Company
115555511 115555511
1998 1997 1998 1997
Notes £m £m £m £m
0 115555511 115555511
Fixed assets
Tangible assets 14 17,252 16,802 14,899 14,493
Investments 15 1,708 1,273 7,808 6,599
55555555555555555111 55 115555511 115555511
Total fixed assets 18,960 18,075 22,707 21,092
Current assets
Stocks 145 180 124 159
Debtors 16 3,387 3,807 4,918 4,013
Investments 17 731 2,974 15 2,909
Cash at bank and in hand 62 26 1–
55555555555555555111 55 115555511 115555511
Total current assets 4,325 6,987 5,058 7,081
55555555555555555111 55 115555511 115555511
Creditors: amounts falling due within one year
Loans and other borrowings 18 881 483 3,282 2,316
Other creditors 20 6,081 9,171 6,043 9,005
55555555555555555111 55 115555511 115555511
Total creditors: amounts falling due within one year 6,962 9,654 9,325 11,321
55555555555555555111 55 115555511 115555511
Net current liabilities (2,637) (2,667) (4,267) (4,240)
55555555555555555111 55 115555511 115555511
Total assets less cur rent liabilities 16,323 15,408 18,440 16,852
5151111155555555555551111111 55 555551111 555551111
Creditors: amounts falling due after more than one year
Loans and other borrowings 18 3,889 2,693 4,126 3,493
Provisions for liabilities and charges 21 1,426 1,391 1,269 1,341
Minority interests 223 208 ––
Capital and reserves
Called up share capital 22 1,603 1,589 1,603 1,589
Share premium account 23 892 675 892 675
Other reserves 23 776 777 749 750
Profit and loss account 23 7,514 8,075 9,801 9,004
Total equity shareholders’ funds 23 10,785 11,116 13,045 12,018
55555555555555555111 55 115555511 115555511
16,323 15,408 18,440 16,852
5151111155555555555551111111 55 555551111 555551111
Debtors include amounts receivable after more than one year: group £97m (1997 – £546m) and company £213m (1997 – £741m).
The financial statements on pages 45 to 79 were approved by the
board of directors on 26 May 1998 and were signed on its behalf by
Sir Iain Vallance Chairman
Sir Peter Bonfield CBE Chief Executive
R P Brace Group Finance Director
Balance sheets
AT 31 MARCH 1998