BT 2007 Annual Report Download - page 110
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19. TRADE AND OTHER PAYABLES
2007 2006
£m £m
Current
Trade payables 3,717 3,466
Other taxation and social security 473 521
Other creditors 939 945
Accrued expenses 519 488
Deferred income 1,071 1,120
6,719 6,540
2007 2006
£m £m
Non current
Other creditors 553 445
Deferred income 37 40
590 485
Non current payables relate to operating lease liabilities and deferred gains on a prior period sale and finance leaseback transaction.
20. PROVISIONS
Property
provisionsaOther
provisionsbTotal
£m £m £m
At 1 April 2006 226 105 331
Charged to the income statementc85 30 115
Unwind of discount 3–3
Utilised in the year (74) (50) (124)
At 31 March 2007 240 85 325
2007 2006
£m £m
Analysed as:
Current 100 70
Non current 225 261
325 331
aProperty provisions comprise amounts provided for obligations to complete nearly finished new properties and remedial work to be undertaken on properties and the onerous lease provision on
rationalisation of the group’s property portfolio. The provisions will be utilised over the remaining lease periods, which range from 1 to 24 years.
bOther provisions include amounts provided for legal or constructive obligations arising from insurance claims and litigation which will be utilised as the obligations are settled. Also included are
amounts provided for the estimated incremental and directly attributable costs arising from the group’s obligation to set up Openreach, which will be utilised over one year.
cIncludes specific items of £64 million for property rationalisation costs and £30 million relating to the estimated incremental and directly attributable costs arising from the group’s obligation to set up
Openreach and meet the requirements of the Undertakings, see note 4.
BT Group plc Annual Report & Form 20-F 109
Financial statements