BT 2005 Annual Report Download - page 111

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34. Company balance sheet 2005
£m
2004
£m
Fixed assets
Investment in subsidiary undertaking 9,971 9,971
Total fixed assets 9,971 9,971
Current assets
Debtors
a
22 456
Investments
b
12
Cash at bank and in hand 118 62
Total current assets 141 520
Creditors: amounts falling due within one year
c
579 470
Net current (liabilities) assets (438) 50
Total assets less current liabilities 9,533 10,021
Capital and reserves
d
Called up share capital 432 432
Share premium account 32
Capital redemption reserve 22
Profit and loss account 9,096 9,585
Total equity shareholders’ funds 9,533 10,021
a
Debtors consists of amounts owed by subsidiary undertakings of £22 million (2004 – £456 million).
b
The company invested in a listed investment, with a book value and market value of £1 million (2004 – £1 million), and short term loans to subsidiary
undertakings of £nil (2004 – £1 million).
c
Creditors consists of dividends payable of £551 million (2004 – £454 million), amounts owed to subsidiary undertakings of £17 million (2004 – £9 million)
and other creditors of £11 million (2004 – £7 million).
d
Capital and reserves are shown on page 111.
The financial statements of the company on pages 110 to 111 were approved by the board of directors on 18 May
2005 and were signed on its behalf by
Sir Christopher Bland
Chairman
Ben Verwaayen
Chief Executive
Hanif Lalani
Group Finance Director
110 BT Group plc Annual Report and Form 20-F 2005 Notes to the financial statements