BT 2012 Annual Report Download - page 98

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Financial statements
In this section we provide the group’s
consolidated financial statements and
supporting notes which give additional
information to help understanding
and interpretation. We also set out the
accounting policies used in preparing the
financial statements, together with the key
judgements and estimates used.
96 Report of the independent auditors
Consolidated financial statements
96 United Kingdom opinion
97 United States opinion
98 Group income statement
99 Group statement of comprehensive income
100 Group balance sheet
101 Group statement of changes in equity
102 Group cash flow statement
103 Notes to the consolidated financial statements
1. Basis of preparation 103
2. Critical accounting estimates and key
judgements 103
3. Significant accounting policies 104
4. Segment information 110
5. Other operating income 113
6. Operating costs 114
7. Employees 114
8. Audit, audit related and other
non-audit services 115
9. Specific items 116
10. Taxation 117
11. Earnings per share 119
12. Dividends 120
13. Intangible assets 120
14. Property, plant and equipment 122
15. Associates and joint ventures 123
16. Inventories 123
17. Trade and other receivables 124
18. Trade and other payables 125
19. Provisions 126
20. Retirement benefit plans 127
21. Share-based payments 136
22. Investments 139
23. Cash and cash equivalents 139
24. Loans and other borrowings 140
25. Finance expense and income 142
26. Financial instruments and risk
management 143
27. Other reserves 157
28. Related party transactions 157
29. Financial commitments and
contingent liabilities 158
159 Report of the independent auditors
Parent company financial statements
160 Financial statements of BT Group plc
163 Subsidiary undertakings and associate
Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information Overview
BusinessStrategy
Performance
Governance
Financial statements
Additional information