BT 2010 Annual Report Download - page 116
Download and view the complete annual report
Please find page 116 of the 2010 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
 |
 |
FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
114 BT GROUP PLC ANNUAL REPORT & FORM 20-F
13. Property, plant and equipment
Network Assets in
Land and infrastructure course of
buildingsa,b equipmentbOthercconstruction Total
£m £m £m £m £m
Cost
At 1 April 2008 1,209 39,117 2,194 1,240 43,760
Additions 8 238 187 1,813 2,246
Acquisition through business combinations – – 2 – 2
Transfers 16 2,045 19 (2,080) –
Disposals and adjustments 3 (373) (169) (71) (610)
Impairmentsd– (121) (8) (18) (147)
Exchange differences 58 652 149 26 885
At 1 April 2009 1,294 41,558 2,374 910 46,136
Additions 22 254 144 1,441 1,861
Interest on qualifying assetse–––11
Transfers 5 1,520 1 (1,526) –
Disposals and adjustments 71 (1,121) (346) (14) (1,410)
Exchange differences (13) (131) (22) (5) (171)
At 31 March 2010 1,379 42,080 2,151 807 46,417
Accumulated depreciation
At 1 April 2008 500 26,404 1,574 – 28,478
Charge for the year 56 1,928 265 – 2,249
Disposals and adjustments 4 (395) (209) – (600)
Exchange differences 30 476 126 – 632
At 1 April 2009 590 28,413 1,756 – 30,759
Charge for the year 70 2,015 219 – 2,304
Disposals and adjustments 72 (1,124) (255) – (1,307)
Exchange differences (7) (103) (14) – (124)
At 31 March 2010 725 29,201 1,706 – 31,632
Carrying amount
At 31 March 2010 654 12,879 445 807 14,785
Engineering stores – – – 71 71
Total at 31 March 2010 654 12,879 445 878 14,856
At 31 March 2009 704 13,145 618 910 15,377
Engineering stores – – – 28 28
Total at 31 March 2009 704 13,145 618 938 15,405
2010 2009
£m £m
aThe carrying amount of land and buildings, including leasehold improvements, comprised:
Freehold 431 451
Long leases (over 50 years unexpired) 33 30
Short leases 190 223
Total land and buildings 654 704
bThe carrying amount of the group’s property, plant and equipment includes an amount of £183m (2009: £216m) in respect of assets held under finance leases, comprising land and buildings of £74m
(2009: £76m) and network infrastructure and equipment of £109m (2009: £140m). The depreciation charge on those assets for 2010 was £44m (2009: £49m), comprising land and buildings of £3m
(2009: £3m) and network infrastructure and equipment of £41m (2009: £46m).
cOther mainly comprises motor vehicles and computers.
dImpairment charges of £147m were recognised in 2009, comprising BT Global Services restructuring charges of £129m and £18m in relation to the review of the 21CN programme and associated voice
strategy. All impairment losses were recognised in the income statement. The recoverable amount of the impaired assets was equal to their value in use.
eAdditions to assets in the course of construction in 2010 includes interest capitalised at a weighted average borrowing rate of 7.9%.