BT 2007 Annual Report Download - page 132

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33. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT continued
2006
Listed
bonds,
debentures
and notes
Effect of
hedging and
interesta
Adjusted
listed
bonds,
debentures
and notes
Finance
leases
Effect of
hedging and
interesta
Adjusted
finance
leases
Other loans
and
borrowings
Effect of
hedging and
interesta
Adjusted
other loans
and
borrowings
Current and
non current
trade and
other
payablesb
Current and
non current
provisionsc
£m £m £m £m £m £m £m £m £m £m £m
Fixed rate interest
Pound sterling 2,022 4,077 6,099 108 – 108 240 – 240 – –
Euro 790 (790) –––––––––
US dollar 4,037 (4,037) –––––––––
Total fixed rate interest financial
liabilities 6,849 (750) 6,099 108 – 108 240 – 240 – –
Floating rate interest
Pound sterling 291 691 982 568 (9) 559 1,273 426 1,699 – –
Euro – – – 169 – 169 371 (371) – – –
US dollar ––––––66(66) – – –
Total floating rate interest financial
liabilities 291 691 982 737 (9) 728 1,710 (11) 1,699 – –
Total interest bearing financial
liabilities 7,140 (59) 7,081 845 (9) 836 1,950 (11) 1,939 – –
Non interest bearing financial
liabilities
Pound sterling –––––––––3,492 298
Euro –––––––––923–
US dollar –––––––––402–
Other –––––––––82–
Total 7,140 (59) 7,081 845 (9) 836 1,950 (11) 1,939 4,899 298
Maturity profile of interest bearing
financial liabilities based on
contractual repricing dates
Less than one year 700 682 1,382 737 (9) 728 1,810 (11) 1,799
Between one and two years 624 (624) –––––––
Between two and three years ––––––140–140
Between three and four years 120 (120) –––––––
Between four and five years 2,503 7 2,510 ––––––
Greater than five years 3,193 (4) 3,189 108 – 108 – – –
Total interest bearing financial
liabilities 7,140 (59) 7,081 845 (9) 836 1,950 (11) 1,939
Weighted average effective fixed
interest rates
%%%%%%
Pound sterling 7.3 8.8 10.4 10.4 9.8 9.8
Euro 7.6 – – – – –
US dollar 8.8 – – – – –
aAdjustment for hedging and interest reflects the effect of currency derivatives; reclassifies the carrying amount to reflect interest derivatives; and excludes interest and fair value adjustments for
hedged risk recognised in carrying amounts.
bThe carrying amount excludes £1,641 million of current and £485 million of non current trade and other payables which relate to non financial liabilities.
cThe carrying amount excludes £9 million of current and £24 million of non current provisions which relate to non financial liabilities.
BT Group plc Annual Report & Form 20-F 131
Financial statements