BT 2006 Annual Report Download - page 127

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BT GROUP PLC COMPANY BALANCE SHEET
2006
£m
2005
£m
Fixed assets
Investments in subsidiary undertaking 9,971 9,971
Total fixed assets 9,971 9,971
Current assets
Debtors
a
322
Investments
b
11
Cash at bank and in hand 22 118
Total current assets 26 141
Creditors: amounts falling due within one year
c
57 28
Net current (liabilities) assets (31) 113
Total assets less current liabilities 9,940 10,084
Capital and reserves
d
Called up share capital 432 432
Share premium account 73
Capital redemption reserve 22
Profit and loss account 9,499 9,647
Total equity shareholders’ funds 9,940 10,084
aDebtors consists of amounts owed by subsidiary undertakings of £3 million (2005: £22 million).
bThe company holds an available-for-sale asset with a book value and market value of £1 million (2005: £1 million).
cCreditors consists of amounts owed to subsidiary undertakings of £27 million (2005: £17 million) and other creditors of £30 million (2005: £11 million).
dCapital and reserves are shown on page 126.
The financial statements of the company on pages 124 to 126 were approved by the board of the directors on 17 May 2006 and
were signed on its behalf by
Sir Christopher Bland
Chairman
Ben Verwaayen
Chief Executive
Hanif Lalani
Group Finance Director
Financial Statements of BT Group PLC BT Group plc Annual Report and Form 20-F 2006 125