BT 2011 Annual Report Download - page 127

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17. Associates and joint ventures continued
Associates Joint ventures Total
£m £m £m
At 1 April 2009 123 9 132
Share of post tax profit 54 – 54
Additions 3–3
Disposals (12) – (12)
Dividends received (3) – (3)
Exchange differences and other 21 – 21
At 1 April 2010 186 9 195
Share of post tax profit (loss) 25 (4) 21
Additions –44
Disposals (42) – (42)
Dividends received (7) – (7)
Exchange differences (8) 1 (7)
At 31 March 2011 154 10 164
At 31 March 2011 the fair value of the group’s investments in associates and joint ventures for which published price quotations are
available was £279m (2010: £473m). Details of the group’s principal associate at 31 March 2011 are set out on page 155.
18. Inventories
2011 2010
At 31 March £m £m
Consumables 28 30
Work in progress 46 43
Finished goods 47 34
121 107
19. Trade and other receivables
2011 2010
At 31 March £m £m
Current
Trade receivables 1,770 1,937
Prepayments 570 549
Accrued income 788 1,010
Other receivables 204 200
3,332 3,696
2011 2010
£m £m
Non-current
Other assetsa286 336
aOther assets mainly represent costs relating to the initial set up, transition or transformation phase of long-term networked IT services contracts. At 31 March 2011 the balance was £249m (2010: £294m).
Other assets also include prepayments of £37m (2010: £42m).
Trade receivables are stated after deducting allowances for doubtful debts, as follows:
2011 2010
£m £m
At 1 April 219 246
Expense 112 155
Utilised (136) (183)
Exchange differences (3) 1
At 31 March 192 219
124
FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
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