BT 2011 Annual Report Download - page 107

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104
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS
GROUP BALANCE SHEET
2011 2010
At 31 March Notes £m £m
Non-current assets
Intangible assets 13 3,389 3,672
Property, plant and equipment 14 14,623 14,856
Derivative financial instruments 21 625 1,076
Investments 15 61 64
Associates and joint ventures 17 164 195
Trade and other receivables 19 286 336
Deferred tax assets 24 461 2,196
19,609 22,395
Current assets
Inventories 18 121 107
Trade and other receivables 19 3,332 3,696
Derivative financial instruments 21 108 624
Investments 15 19 406
Cash and cash equivalents 16 351 1,452
3,931 6,285
Current liabilities
Loans and other borrowings 20 485 3,269
Derivative financial instruments 21 62 166
Trade and other payables 22 6,114 6,531
Current tax liabilities 221 320
Provisions 25 149 134
7,031 10,420
Total assets less current liabilities 16,509 18,260
Non-current liabilities
Loans and other borrowings 20 9,371 9,522
Derivative financial instruments 21 507 533
Retirement benefit obligations 23 1,830 7,864
Other payables 22 831 804
Deferred tax liabilities 24 1,212 1,456
Provisions 25 807 707
14,558 20,886
Equity
Ordinary shares 27 408 408
Share premium 27 62 62
Capital redemption reserve 27 27
Other reserves 28 658 757
Retained earnings (loss) 770 (3,904)
Total parent shareholders’ equity (deficit) 1,925 (2,650)
Non-controlling interests 26 26 24
Total equity (deficit) 1,951 (2,626)
16,509 18,260
The consolidated financial statements on pages 91 to 150 and 155 were approved by the Board of Directors on 11 May 2011 and were
signed on its behalf by
Sir Michael Rake
Chairman
Ian Livingston
Chief Executive
Tony Chanmugam
Group Finance Director
OVERVIEWBUSINESS REVIEWFINANCIAL REVIEWREPORT OF THE DIRECTORSFINANCIAL STATEMENTSADDITIONAL INFORMATION