BT 2012 Annual Report Download - page 126

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Financial statements
Notes to the consolidated financial statements
15. Associates and joint ventures
2012 2011
Joint Joint
Associates ventures Total Associates ventures Total
£m £m £m £m £m £m
Non-current assets 31 6 37 28 6 34
Current assets 194 6 200 214 5 219
Current liabilities (44) (1) (45) (43) (1) (44)
Non-current liabilities (39) – (39) (45) – (45)
Share of net assets at 31 March 142 11 153 154 10 164
Revenue 139 13 152 263 22 285
Expenses (126) (13) (139) (233) (26) (259)
Taxation (3) – (3) (5) – (5)
Share of post tax results 10 – 10 25 (4) 21
Joint
Associates ventures Total
£m £m £m
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 1 April 2011 154 10 164
Share of post tax profit 10 – 10
Additions 1–1
Dividends received (5) – (5)
Exchange differences (18) 1 (17)
At 31 March 2012 142 11 153
At 31 March 2012 the fair value of the group’s investments in associates and joint ventures for which published price quotations are available was
£262m (2011: £279m). Details of the group’s principal associate at 31 March 2012 are set out on page 163.
16. Inventories
2012 2011
At 31 March £m £m
Consumables 17 28
Work in progress 40 46
Finished goods 47 47
104 121
Overview
BusinessStrategy
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Financial statements
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BusinessStrategy
Performance
Governance
Financial statements
Additional information