BT 2007 Annual Report Download - page 90

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BT Group plc Annual Report & Form 20-F 89
Notes
2007
£m
2006
£m
Non current assets
Intangible assets 12 2,584 1,908
Property, plant and equipment 13 14,997 15,222
Derivative financial instruments 18 25 19
Investments 14 27 17
Associates and joint ventures 15 67 48
Trade and other receivables 16 523 305
Deferred tax assets 21 117 764
18,340 18,283
Current assets
Inventories 133 124
Trade and other receivables 16 4,073 3,894
Current tax receivable 504 –
Derivative financial instruments 18 27 69
Investments 14 3365
Cash and cash equivalents 9 1,075 1,965
5,815 6,417
Current liabilities
Loans and other borrowings 17 2,203 1,940
Derivative financial instruments 18 318 332
Trade and other payables 19 6,719 6,540
Current tax liabilities 277 598
Provisions 20 100 70
9,617 9,480
Total assets less current liabilities 14,538 15,220
Non current liabilities
Loans and other borrowings 17 6,387 7,995
Derivative financial instruments 18 992 820
Other payables 19 590 485
Deferred tax liabilities 21 1,683 1,505
Retirement benefit obligations 29 389 2,547
Provisions 20 225 261
10,266 13,613
Equity
Ordinary shares 24 432 432
Share premium 24 31 7
Capital redemption reserve 22
Other reserves 25 88 364
Retained earnings 25 3,685 750
Total parent shareholders’ equity 4,238 1,555
Minority interests 22 34 52
Total equity 23 4,272 1,607
14,538 15,220
The consolidated financial statements on pages 78 to 142 and 148 were approved by the Board of 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
Consolidated financial statements
Group balance sheet
As at 31 March 2007
Financial statements