BT 2007 Annual Report Download - page 147

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BT GROUP PLC COMPANY BALANCE SHEET
2007
£m
2006
£m
Fixed assets
Investments in subsidiary undertakings 10,064 9,971
Total fixed assets 10,064 9,971
Current assets
Debtorsa137 3
Investmentsb–1
Cash at bank and in hand 17 22
Total current assets 154 26
Creditors: amounts falling due within one yearc40 57
Net current assets (liabilities) 114 (31)
Total assets less current liabilities 10,178 9,940
Capital and reservesd
Called up share capital 432 432
Share premium account 31 7
Capital redemption reserve 22
Profit and loss account 9,713 9,499
Total equity shareholders’ funds 10,178 9,940
aDebtors consists of amounts owed by subsidiary undertakings of £137 million (2006: £3 million).
bAt 31 March 2006, the company held an available-for-sale asset with a book value and market value of £1 million (2006: £nil).
cCreditors consists of amounts owed to subsidiary undertakings of £8 million (2006: £27 million) and other creditors of £32 million (2006: £30 million).
dCapital and reserves are shown on page 147.
The financial statements of the company on pages 145 to 148 were approved by the board of the directors on 16 May 2007 and
were signed on its behalf by
Sir Christopher Bland
Chairman
Ben Verwaayen
Chief Executive
Hanif Lalani
Group Finance Director
Financial statements Financial Statements of BT Group plc
146 BT Group plc Annual Report & Form 20-F