BT 2011 Annual Report Download - page 140

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137BT GROUP PLC ANNUAL REPORT & FORM 20-F 2011
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
25. Provisions
BT Global
Services restructuringaPropertybOthercTotal
£m £m £m £m
At 1 April 2009 303 172 245 720
Income statement expensed10 131 204 345
Unwind of discount –4–4
Utilised or released (139) (35) (98) (272)
Transfers 16 –3147
Exchange differences (3) – – (3)
At 1 April 2010 187 272 382 841
Income statement expensed76 131 190 397
Unwind of discount –3–3
Utilised or released (103) (88) (76) (267)
Transfers – – (15) (15)
Exchange differences (1) – (2) (3)
At 31 March 2011 159 318 479 956
2011 2010
At 31 March £m £m
Analysed as:
Current 149 134
Non-current 807 707
956 841
aAmounts provided in relation to the BT Global Services restructuring programme and the contract and financial reviews in 2009. These are being utilised as the obligations are settled.
bProperty provisions mainly comprise onerous lease provisions arising from the rationalisation of the group’s property portfolio. The provisions will be utilised over the remaining lease periods, which range
from one to 21 years. Financial liabilities comprise £280m (2010: £255m) of this balance.
cOther provisions include amounts provided for legal or constructive obligations arising from insurance claims, litigation and regulatory risk, which will be utilised as the obligations are settled.
dIncludes specific items of £88m (2010: £121m) for property rationalisation costs and £24m (2010: £10m) relating to the BT Global Services restructuring programme.
26. Non-controlling interests
2011 2010
£m £m
At 1 April 24 27
Share of profits 21
Disposals – (4)
At 31 March 26 24
27. Share capital
Number Share capitalaShare premiumb
of shares £m £m
At 1 April 2010 and 31 March 2011 8,151,227,029 408 62
aThe allotted, called up and fully paid ordinary share capital of the company at 31 March 2011 and 31 March 2010 was £408m, representing 8,151,227,029 ordinary shares of 5p each.
bThe share premium account, representing the premium on allotment of shares, is not available for distribution.
OVERVIEWBUSINESS REVIEWFINANCIAL REVIEWREPORT OF THE DIRECTORSFINANCIAL STATEMENTSADDITIONAL INFORMATION