BT 2001 Annual Report Download - page 104

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20. Fixed asset investments
Interests in associates
and joint ventures(b)
Shares
£m
Loans
£m
Share
of post
acquisition
profits
(losses)
£m
Other
participating
interests
£m
Other
investments
(c)
£m
Total
£m
Group
Cost
Balances at 1 April 2000 6,247 1,073 (1,049) 122 619 7,012
Additions 1,882 3,955 – 66 199 6,102
Joint ventures becoming subsidiary companies (2,718) (3,321) 1,348 – – (4,691)
Disposals (67) – 12 – (118) (173)
Share of losses less retained profits for the year – – (569) – – (569)
Repayments and other transfers (463) (956) – (31) 367 (1,083)
Currency movements 195 (7) (14) – 26 200
Balances at 31 March 2001 5,076 744 (272) 157 1,093 6,798
Provisions and amounts written off
Balances at 1 April 2000 (1,046) – – – (88) (1,134)
Goodwill amortisation for the year (185) – – – – (185)
Exceptional item relating to impairment in goodwill (200) – – – – (200)
Disposals 21 – – – 3 24
Transfers 24 – – – (8) 16
Increase in the year (6) – – – (109) (115)
Balances at 31 March 2001 (1,392) – – – (202) (1,594)
Net book value at 31 March 2001 3,684 744 (272) 157 891 5,204
Net book value at 31 March 2000 5,201 1,073 (1,049) 122 531 5,878
Subsidiary undertakings(a) Associates
and joint
ventures(a)
Other
participating
interests
Other
investments TotalShares Loans
£m £m £m £m £m £m
Company
Cost
Balances at 1 April 2000 19,258 9 741 122 397 20,527
Additions 24,272 219 885 66 5 25,447
Disposals (5,775) – (62) – (5) (5,842)
Repayments and other transfers – (219) (913) (31) – (1,163)
Currency movements – – 5 – – 5
Balances at 31 March 2001 37,755 9 656 157 397 38,974
Provisions and amounts written off
Balances at 1 April 2000 (253) – (15) – (221) (489)
Increase in the year (4,263) – – – (22) (4,285)
Disposals and transfers 182 – – – 3 185
Balances at 31 March 2001 (4,334) – (15) – (240) (4,589)
Net book value at 31 March 2001 33,421 9 641 157 157 34,385
Net book value at 31 March 2000 19,005 9 726 122 176 20,038
(a) Subsidiary undertakings, associates and joint ventures
Details of the principal operating subsidiary undertakings, joint ventures and associates are set out on pages 130 and 131.
Notes to the financial statements
104 BT Annual report and Form 20-F