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BT Group plc Annual Report & Form 20-F 99
2008 2007
At 31 March Notes £m £m
.....................................................................................................................................................................................................................................
Non current assets
Intangible assets 11 3,355 2,584
Property, plant and equipment 12 15,307 14,997
Derivative financial instruments 17 310 25
Investments 13 31 27
Retirement benefit asset 29 2,887 –
Associates and joint ventures 14 85 67
Trade and other receivables 15 854 523
Deferred tax assets 20 –117
22,829 18,340
Current assets
Inventories 122 133
Trade and other receivables 15 4,449 4,073
Current tax receivable –504
Derivative financial instruments 17 77 27
Investments 13 440 270
Cash and cash equivalents 9 1,435 808
6,523 5,815
Current liabilities
Loans and other borrowings 16 1,524 2,203
Derivative financial instruments 17 267 318
Trade and other payables 18 7,591 6,674
Current tax liabilities 241 277
Provisions 19 81 100
9,704 9,572
Total assets less current liabilities 19,648 14,583
Non current liabilities
Loans and other borrowings 16 9,818 6,387
Derivative financial instruments 17 805 992
Other payables 18 707 590
Deferred tax liabilities 20 2,513 1,683
Retirement benefit obligations 29 108 389
Provisions 19 265 270
14,216 10,311
Equity
Ordinary shares 23 420 432
Share premium 23 62 31
Capital redemption reserve 15 2
Other reserves 24 (527) 88
Retained earnings 25 5,439 3,685
Total parent shareholders’ equity 5,409 4,238
Minority interests 21 23 34
Total equity 22 5,432 4,272
19,648 14,583
The consolidated financial statements on pages 88 to 138 and 144 were approved by the Board of Directors on 14 May 2008 and
were signed on its behalf by
Sir Michael Rake
Chairman
Ben Verwaayen
Chief Executive
Hanif Lalani
Group Finance Director
Consolidated financial statements
Group balance sheet
Financial statements