BT 2006 Annual Report Download - page 78

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Notes
2006
£m
2005
£m
Non current assets
Intangible assets 13 1,641 1,254
Property, plant and equipment 14 15,489 15,391
Derivative financial instruments 19 19 18
Investments 15 17 13
Associates and joint ventures 16 48 102
Deferred tax assets 22 764 1,434
17,978 18,212
Current assets
Inventories 124 106
Trade and other receivables 17 4,199 4,269
Derivative financial instruments 19 69 143
Investments 15 365 3,491
Cash and cash equivalents 9 1,965 1,312
6,722 9,321
Current liabilities
Loans and other borrowings 18 1,940 4,261
Derivative financial instruments 19 332 375
Trade and other payables 20 6,540 6,763
Current tax liabilities 598 645
Provisions 21 70 60
9,480 12,104
Total assets less current liabilities 15,220 15,429
Non current liabilities
Loans and other borrowings 18 7,995 7,744
Derivative financial instruments 19 820 472
Other payables 20 485 394
Deferred tax liabilities 22 1,505 1,715
Retirement benefit obligations 29 2,547 4,807
Provisions 21 261 202
13,613 15,334
Equity
Ordinary shares 25 432 432
Share premium 25 73
Capital redemption reserve 22
Other reserves 26 364 762
Retained earnings 26 750 (1,154)
Total parent shareholders’ equity 1,555 45
Minority interests 23 52 50
Total equity 24 1,607 95
15,220 15,429
The consolidated financial statements on pages 64 to 122 were approved by the Board of 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
GROUP BALANCE SHEET
As at 31 March 2006
BT Group plc Annual Report and Form 20-F 2006 Group balance sheet76