BT 2014 Annual Report Download - page 127

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124 Financial statements
Group balance sheet
At 31 March Notes
2014
£m
2013
£m
Non-current assets
Intangible assets 12 3,087 3,258
Property, plant and equipment 13 13,840 14,153
Derivative nancial instruments 26 539 1,080
Investments 22 34 64
Associates and joint ventures 18 28
Trade and other receivables 16 214 184
Deferred tax assets 91,460 1,438
19,192 20,205
Current assets
Programme rights 15 108 –
Inventories 82 103
Trade and other receivables 16 2,907 2,930
Current tax receivable 26 16
Derivative nancial instruments 26 114 170
Investments 22 1,774 531
Cash and cash equivalents 23 695 924
5,706 4,674
Current liabilities
Loans and other borrowings 24 1,873 1,736
Derivative nancial instruments 26 139 74
Trade and other payables 17 5,261 5,574
Current tax liabilities 315 100
Provisions 18 99 120
7,687 7,604
Total assets less current liabilities 17,211 17,275
Non-current liabilities
Loans and other borrowings 24 7,941 8,277
Derivative nancial instruments 26 679 802
Retirement benet obligations 19 7,022 5,856
Other payables 17 898 883
Deferred tax liabilities 9 829 1,209
Provisions 18 434 510
17,803 17,537
Equity
Ordinary shares 408 408
Share premium 62 62
Own shares 20 (829) (832)
Other reserves 27 1,447 1,790
Retained loss (1,680) (1,690)
Total (deƬcit) equity (592) (262)
17,211 17,275
The consolidated nancial statements on pages 122 to 176 and 181 were approved by the Board of Directors on 7 May 2014 and were signed on its
behalf by
Sir Michael Rake
Chairman
Gavin Patterson
Chief Executive
Tony Chanmugam
Group Finance Director