BT 2010 Annual Report Download - page 149

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FINANCIAL STATEMENTS FINANCIAL STATEMENTS OF BT GROUP PLC
147BT GROUP PLC ANNUAL REPORT & FORM 20-F
ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS REVIEW OF THE YEAR OVERVIEW
BT Group plc company balance sheet
2010 2009e
At 31 March £m £m
Fixed assets
Investments in subsidiary undertakingsa10,349 10,278
Total fixed assets 10,349 10,278
Current assets
Debtorsb– 142
Cash at bank and in hand 11 13
Total current assets 11 155
Creditors: amounts falling due within one yearc186 65
Net current (liabilities) assets (175) 90
Total assets less current liabilities 10,174 10,368
Capital and reserves
Called up share capital 408 408
Share premium account 62 62
Capital redemption reserve 27 27
Treasury shares reserve (1,105) (1,109)
Profit and loss account 10,782 10,980
Total equity shareholders’ fundsd10,174 10,368
aThroughout 2010, the company held a 100% investment in BT Group Investments Limited, a company registered in England and Wales. The change to investments in subsidiary undertakings relates to
additional capital contributions in respect of share-based payments of £71m in 2010 (2009: £141m).
bDebtors consists of amounts owed by subsidiary undertakings of £nil (2009: £142m).
cCreditors consists of amounts owed to subsidiary undertakings of £166m (2009: £15m) and other creditors of £20m (2009: £50m).
dThe movements in total equity shareholders’ funds shown on page 148.
eRestated. See page 146.
The financial statements of the company on pages 146 to 149 were approved by the Board of the 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