BT 2001 Annual Report Download - page 109

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25. Provisions for liabilities and charges (continued)
(a) Deferred taxation
Theelementsofdeferredtaxationprovidedintheaccountsat31Marchwereasfollows:
Group Company
2001
£m
2000
£m
2001
£m
2000
£m
Tax effect of timing differences due to:
Excess capital allowances 439 613 214 434
Pension provisions (102) (189) (102) (189)
Other (67) (70) (80) (93)
Total provision for deferred taxation 270 354 32 152
The total potential liability to deferred taxation at 31 March was as follows:
Group Company
2001
£m
2000
£m
2001
£m
2000
£m
Tax effect of timing differences due to:
Excess capital allowances 2,454 2,568 2,229 2,389
Pension provisions (102) (189) (102) (189)
Other (67) (70) (80) (93)
Total potential liability for deferred taxation 2,285 2,309 2,047 2,107
(b) Other provisions comprise amounts provided for legal or constructive obligations arising from insurance claims and
litigation.
26. Called up share capital
The authorised share capital of the company throughout the year ended 31 March 2001 was »2,625,000,001 divided into
10,500,000,004 ordinary shares of 25p each.
The allotted, called up and fully paid share capital of the company was »1,646 million at 31 March 2001
(2000 ^ »1,627 million), representing 6,585,228,408 ordinary shares (2000 ^ 6,507,104,882 ordinary shares).
Of the authorised but unissued share capital at 31 March 2001, 192 million ordinary shares were reserved to meet options
granted under the employee share option schemes described in note 33.
Ordinary shares allotted during the year were as follows:
Number
Nominal value
£m
Consideration(a)
£m
Savings related schemes (b) 69,999,933 17 145
BT Employee Share Ownership Scheme 7,117,008 2 59
Other share option schemes 881,470 – 3
Stock purchase plan 125,115 – 1
Totals for the year ended 31 March 2001 78,123,526 19 208
(a) Consideration excludes contributions from group undertakings as described in note 27(c).
(b) Includes shares held in trust in anticipation of a vesting under BT’s share schemes (note 33).
BT Annual report and Form 20-F 109