BT 2010 Annual Report Download - page 102

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FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS
100 BT GROUP PLC ANNUAL REPORT & FORM 20-F
2010 2009a2008a
At 31 March Notes £m £m £m
Non current assets
Intangible assets 12 3,672 3,788 3,355
Property, plant and equipment 13 14,856 15,405 15,307
Derivative financial instruments 19 1,076 2,542 316
Investments 14 64 55 31
Retirement benefit asset 29 – – 2,887
Associates and joint ventures 15 195 132 85
Trade and other receivables 17 336 322 854
Deferred tax assets 22 2,196 1,103 –
22,395 23,347 22,835
Current assets
Inventories 16 107 121 122
Trade and other receivables 17 3,696 4,185 4,449
Derivative financial instruments 19 624 158 71
Investments 14 406 163 440
Cash and cash equivalents 10 1,452 1,300 1,435
6,285 5,927 6,517
Current liabilities
Loans and other borrowings 18 3,269 1,542 1,524
Derivative financial instruments 19 166 56 58
Trade and other payables 20 6,531 7,215 7,591
Current tax liabilities 320 1 241
Provisions 21 134 254 81
10,420 9,068 9,495
Total assets less current liabilities 18,260 20,206 19,857
Non current liabilities
Loans and other borrowings 18 9,522 12,365 9,818
Derivative financial instruments 19 533 711 1,014
Retirement benefit obligations 29 7,864 3,973 108
Other payables 20 804 794 707
Deferred tax liabilities 22 1,456 1,728 2,513
Provisions 21 707 466 265
20,886 20,037 14,425
Equity
Ordinary shares 24 408 408 420
Share premium 24 62 62 62
Capital redemption reserve 27 27 15
Other reserves 25 757 1,301 (527)
Retained (loss) earnings (3,904) (1,656) 5,439
Total parent shareholders’ (deficit) equity (2,650) 142 5,409
Minority interests 23 24 27 23
Total (deficit) equityb(2,626) 169 5,432
18,260 20,206 19,857
aRestated. See page 94.
bThe Group statement of changes in equity is on page 98.
The consolidated financial statements on pages 87 to 144 and 149 were approved by the Board of Directors on 12 May 2010 and were
signed on its behalf by
Sir Michael Rake
Chairman
Ian Livingston
Chief Executive
Tony Chanmugam
Group Finance Director
GROUP BALANCE SHEET