BT 2011 Annual Report Download - page 152

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149BT GROUP PLC ANNUAL REPORT & FORM 20-F 2011
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
29. Financial instruments and risk management continued
Level 1 Level 2 Level 3 Total
At 31 March 2010 Notes £m £m £m £m
Financial assets at fair value
Non-current and current derivative financial assets
Derivatives designated as accounting hedges – 1,594 – 1,594
Other derivatives – 106 – 106
Total current and non-current derivative financial assets 21 – 1,700 – 1,700
Available-for-sale financial assets
Non-current and current investments
Liquid investments – 258 – 258
Other investments 20 – 12 32
Fair value through profit and loss ––––
Total non-current and current investments 15 20 258 12 290
Total financial assets at fair value 20 1,958 12 1,990
Financial liabilities at fair value
Current and non-current derivative financial liabilities
Derivatives designated as accounting hedges – 401 – 401
Other derivatives – 298 – 298
Total current and non-current financial liabilities 21 – 699 – 699
Total financial liabilities at fair value – 699 – 699
Movements in financial instruments measured using Level 3 valuation methods are presented below:
Other investments
£m
At 1 April 2009 11
Additions 3
Disposals (2)
At 1 April 2010 12
Additions 20
Disposals (5)
At 31 March 2011 27
There were no losses recognised in the income statement in respect of Level 3 assets held at 31 March 2011.
OVERVIEWBUSINESS REVIEWFINANCIAL REVIEWREPORT OF THE DIRECTORSFINANCIAL STATEMENTSADDITIONAL INFORMATION