BT 2004 Annual Report Download - page 123
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37. Company balance sheet 2004
£m
2003
£m
Fixed assets
Investment in subsidiary undertaking 9,971 9,971
Total fixed assets 9,971 9,971
Current assets
Debtors
a
456 368
Investments
b
22
Cash at bank and in hand 62 2
Total current assets 520 372
Creditors: amounts falling due within one year
c
470 370
Net current assets 50 2
Total assets less current liabilities 10,021 9,973
Capital and reserves
d
Called up share capital 432 434
Share premium account 22
Capital redemption reserve 2–
Profit and loss account 9,585 9,537
Total equity shareholders’ funds 10,021 9,973
a
Debtors consists of amounts owed by subsidiary undertakings of £456 million (2003 – £368 million).
b
The company invested in a listed investment, with a book value and market value of £1 million (2003 – £1 million), and short term loans to subsidiary
undertakings of £1 million (2003 – £1 million).
c
Creditors consists of dividends payable of £454 million (2003 – £366 million), amounts owed to subsidiary undertakings of £9 million (2003 – £nil) and
other creditors of £7 million (2003 – £4 million).
d
Capital and reserves are shown on page 123.
The financial statements of the company on pages 122 to 123 were approved by the board of directors on 19
May 2004 and were signed on its behalf by
Sir Christopher Bland Chairman
Ben Verwaayen Chief Executive
Ian Livingston Group Finance Director
BT Annual Report and Form 20-F 2004122 Notes to the financial statements