BT 2012 Annual Report Download - page 164

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Financial statements
Financial statements of BT Group plc
BT Group plc company balance sheet
2012 2011
At 31 March £m £m
Fixed assets
Investments in subsidiary undertakingsa10,492 10,417
Total fixed assets 10,492 10,417
Current assets
Cash at bank and in hand 5–
Total current assets 5–
Creditors: amounts falling due within one yearb1,322 722
Net current liabilities (1,317) (722)
Total assets less current liabilities 9,175 9,695
Capital and reserves
Ordinary shares 408 408
Share premium account 62 62
Capital redemption reserve 27 27
Treasury shares reserve (1,018) (1,078)
Profit and loss account 9,696 10,276
Total equity shareholders’ fundsc9,175 9,695
aThroughout 2012 and 2011, the company held a 100% investment in BT Group Investments Limited, a company registered in England and Wales. The increase in investments in subsidiary
undertakings relates to additional capital contributions in respect of share-based payments of £75m in 2012 (2011: £68m).
bCreditors consists of amounts owed to subsidiary undertakings of £1,302m (2011: £703m) and other creditors of £20m (2011: £19m).
cThe movements in total equity shareholders’ funds are shown on page 162.
The financial statements of the company on pages 160 to 163 were approved by the Board of the directors on 9 May 2012 and were signed
on its behalf by:
Sir Michael Rake
Chairman
Ian Livingston
Chief Executive
Tony Chanmugam
Group Finance Director
Overview
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BusinessStrategy
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