BT 2012 Annual Report Download - page 156
Download and view the complete annual report
Please find page 156 of the 2012 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163 -
164 -
165 -
166 -
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
 |
 |
Financial statements
Notes to the consolidated financial statements
26. Financial instruments and risk management continued
Fair value hierarchy
The table below shows financial assets and financial liabilities that have been measured at fair value, analysed by the level of valuation method.
The three levels of valuation methodology used are:
•Level 1 – uses quoted prices in active markets for identical assets or liabilities
•Level 2 – uses inputs for the asset or liability other than quoted prices, that are observable either directly or indirectly
•Level 3 – uses inputs for the asset or liability that are not based on observable market data, such as internal models or other valuation methods.
Level 1 Level 2 Level 3 Total
At 31 March 2012 £m £m £m £m
Financial assets at fair value
Non-current and current derivative financial assets
– Derivatives designated as accounting hedges – 851 – 851
– Other derivatives – 172 – 172
Total non-current and current derivative financial assets – 1,023 – 1,023
Non-current and current investments
Available-for-sale financial assets
– Liquid investments – 505 – 505
– Other investments 31 –2758
Fair value through profit and loss 10––10
Total non-current and current investments 41 505 27 573
Total financial assets at fair value 41 1,528 27 1,596
Financial liabilities at fair value
Non-current and current derivative financial liabilities
– Derivatives designated as accounting hedges – 518 – 518
– Other derivatives – 328 – 328
Total non-current and current financial liabilities – 846 – 846
Total financial liabilities at fair value – 846 – 846
Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information