BT 2012 Annual Report Download - page 62
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59
Performance
Other information
Contractual obligations and commitments
A summary of our principal contractual financial obligations
and commitments at 31 March 2012 is shown below. Further
details on the items can be found in the notes to the consolidated
financial statements. Details of our capital commitments and
contingent liabilities are included in note 29 to the consolidated
financialstatements.
Payments due by period
£m Total
Less than
1 year
Between
1 and
3 years
Between
3 and
5 years
More than
5 years
Loans and other
borrowingsa10,123 2,872b1,127 1,520 4,604
Finance lease
obligations 285 15 15 19 236
Operating lease
obligations 7,593 429 781 723 5,660
Capital
commitments 433 419 14 – –
Pension deficit
obligations 2,715 325 620 590 1,180
Total 21,149 4,060 2,557 2,852 11,680
a Excludes fair value adjustments for hedged risks.
b Includes £262m of accrued interest within less than one year.
At 31 March 2012 we had cash, cash equivalents and current asset
investments of £844m. We also have an unused committed borrowing
facility amounting to £1.5bn. These resources allow us to settle our
obligations as they fall due.
Off-balance sheet arrangements
As disclosed in the consolidated financial statements, there are no off-
balance sheet arrangements that have or are reasonably likely to have
a current or future material effect on our financial condition, changes
in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditure or capital resources, with the exception of
financial commitments and contingent liabilities disclosed in note 29 to
the consolidated financial statements.
Legal proceedings
We do not believe that there is any single current court action that
would have a material adverse effect on our financial position or
operations. During 2012 the aggregate volume and value of legal
actions to which we are party remained broadly the same as at the
end of 2011.
Group financial performance
Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information