BT 2010 Annual Report Download - page 143

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FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
141BT GROUP PLC ANNUAL REPORT & FORM 20-F
ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW
The group’s remaining contractually agreed cash flows, including interest, associated with financial liabilities based on undiscounted cash
flows are as follows:
Within one Between Between Between Between
Carrying year, or on one and two and three and four and After
amount demand two years three years four years five years five years
Outflow (inflow)d£m £m £m £m £m £m £m
At 31 March 2010
Loans and borrowings 12,791
Principal 2,937 18 1,763 11 1,213 6,523
Interest 833 581 581 484 484 4,016
Trade and other payablesa4,672 4,672–––––
Provisionsb255 61 37 30 26 45 143
Derivative financial instrument liabilities
analysed based on earliest payment datec
Net settled 662 450 78 185 65 (215) 745
Gross settled 37
Outflow 1,081–––––
Inflow (1,074) –––––
Total 8,960 714 2,559 586 1,527 11,427
Derivative financial instrument liabilities
analysed based on holding instrument
to maturity
Net settled 662 193 92 93 92 93 745
Gross settled 37
Outflow 424 20 20 20 20 577
Inflow (413) (21) (21) (21) (21) (577)
Within one Between Between Between Between
Carrying year, or on one and two and three and four and After
amount demand two years three years four years five years five years
Outflow (inflow)d£m £m £m £m £m £m £m
At 31 March 2009
Loans and borrowings 13,907
Principal 1,227 3,098 10 1,829 14 7,412
Interest 906 900 649 650 550 5,333
Trade and other payablesa5,354 5,354–––––
Provisionsb166 59 17 15 13 8 119
Derivative financial instrument liabilities
analysed based on earliest payment datec
Net settled 762 244 338 28 50 19 30
Gross settled 5
Outflow 414113––––
Inflow (409) (113) ––––
Total 7,795 4,353 702 2,542 591 12,894
Derivative financial instrument liabilities
analysed based on holding instrument
to maturity
Net settled 762 117 117 60 60 60 634
Gross settled 5
Outflow 414113––––
Inflow (409) (113) ––––
aThe carrying amount excludes £1,859m (2009: £1,861m) of current and £804m (2009: £794m) of non current trade and other payables which relate to non financial liabilities.
bThe carrying amount excludes £73m (2009: £195m) of current and £513m (2009: £359m) of non current provisions which relate to non financial liabilities.
cCertain derivative financial instrument liabilities contain break clauses whereby either the group or bank counterparty can terminate the swap on certain dates and the mark to market position is settled in
cash.
dForeign currency related cash flows were translated at the closing rate as at the relevant reporting date. Future variable interest rate cash flows were calculated using the most recent rate applied at the
relevant balance sheet date.
32. Financial instruments and risk management continued