BT 2009 Annual Report Download - page 110

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS – NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
108 BT GROUP PLC ANNUAL REPORT & FORM 20-F
14. Associates and joint ventures
2009 2008
Associates Joint ventures Total Associates Joint ventures Total
£m £m £m £m £m £m
Non current assets 41 7 48 28 5 33
Current assets 168 4 172 129 4 133
Current liabilities (86) (2) (88) (78) (3) (81)
Share of net assets 123 9 132 79 6 85
Revenue 308 15 323 172 17 189
Expenses (262) (15) (277) (173) (23) (196)
Taxation (7) – (7) (4) – (4)
Share of post tax results before specific items 39 – 39 (5) (6) (11)
Specific items – reassessment of carrying
value of associate (note 4) 36 – 36–––
Share of post tax results 75 – 75 (5) (6) (11)
Associates Joint ventures Total
£m £m £m
At 1 April 2007 61 6 67
Share of post tax loss (5) (6) (11)
Dividends received (1) (1) (2)
Acquisitions 12 – 12
Disposals (1) (1) (2)
Exchange differences and other 13 8 21
At 1 April 2008 79 6 85
Share of post tax profit 75 – 75
Dividends received (6) – (6)
Exchange differences and other (25) 3 (22)
At 31 March 2009 123 9 132
At 31 March 2009, the fair value of the group’s investments in associates and joint ventures for which published price quotations are
available was £153m (2008: £378m). Details of the group’s principal associate at 31 March 2009 are set out on page 141.
15. Trade and other receivables
2009 2008
£m £m
Current
Trade receivables 1,966 1,853
Prepayments 825 981
Accrued income 1,135 1,340
Other receivables 259 275
4,185 4,449
2009 2008
£m £m
Non current
Other assetsa,b 322 854
aOther assets mainly represents costs relating to the initial set up, transition or transformation phase of long-term networked IT services contracts.
bThe decrease in Other assets in 2009 reflects the impact of the BT Global Services contract and financial review charges (see note 3).
FINANCIAL STATEMENTS