BT 2004 Annual Report Download - page 102

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22. Fixed asset investments Interests in associates and joint ventures
b
Shares
£m
Loans
£m
Share of post
acquisition
losses
£m
Other
investments
c
£m
Total
£m
Cost
1 April 2003 595 20 (236) 585 964
Additions 23 9 – 19 51
Disposals (8) – (26) (197) (231)
Share of losses for the year – – (54) – (54)
Currency movements (2) (1) 1 (2) (4)
Other movements – – 13 – 13
Total cost at 31 March 2004 608 28 (302) 405 739
Provisions and amounts written off
1 April 2003 221 – – 188 409
Disposals (11) – – (41) (52)
Increase in the year 3 – – 2 5
Total provisions and amounts written off at
31 March 2004 213 – – 149 362
Net book value at 31 March 2004 395 28 (302) 256 377
Net book value at 31 March 2003 374 20 (236) 397 555
a
Subsidiary undertakings, associates and joint ventures
Details of the principal operating subsidiary undertakings, joint ventures and associates are set out on page 134.
b
Associates and joint ventures 2004
£m
2003
£m
Associates:
Goodwill 11
Loans –1
Share of other net assets 23 25
Total associates 24 27
Joint ventures:
Loans 28 19
Share of other net assets 69 112
Total joint ventures 97 131
Net book value at 31 March 121 158
BT Annual Report and Form 20-F 2004101 Notes to the financial statements