BT 2015 Annual Report Download - page 135

133
Overview
The Strategic Report
Purpose and strategy Delivering our strategy 0ur lines of business Group performance Governance
Financial statements Additional information
ur fundin polic is to raise and invest funds centrall to eet the
roups anticipated reuireents. e use a cobination of capital aret
bond issuance coercial paper borrowin coitted borrowin
facilities and investents. hese are planned so as to ature at dierent
staes in order to eet short ediu and lon-ter reuireents.
etails of our treasur polic are included in note  to the consolidated
financial stateents.
Financial instruments
etails of the roups financial ris anaeent obectives and
policies of the roup and eposure to interest ris credit ris liuidit
ris and forein echane are iven in note  to the consolidated
financialstateents.
Credit risk management policy
e tae proactive steps to iniise the ipact of adverse aret
conditions on our financial instruents. n anain investents and
derivative financial instruents the roups central treasur function
onitors the credit ualit across treasur counterparties and activel
anaes an eposures which arise. his central tea continuall
reviews an credit eposures whether arisin fro centrall-anaed
financial instruents or fro the roups trade-related receivables.
anaeent within the lines of business also activel onitors an
eposures arisin fro tradin balances.
2ƪEDODQFHVKHHWDUUDQJHPHQWV
ther than the financial coitents and continent liabilities
disclosed in note 9 to the consolidated financial stateents there are
no o-balance sheet arraneents that have or are reasonabl liel
to have a current or future aterial eect on our financial condition
chanes in financial condition revenues or epenses results of
operations liuidit capital ependiture or capital resources.
Legal proceedings
e do not believe that there is an sinle current court action that would
have a aterial adverse eect on our financial position or operations.
urin 011 the areate volue and value of leal actions which
we are part to reduced.
Other Information – Listing Rules
or the purposes of  9.. the inforation reuired to be disclosed
b  9..  can be found on the paes set out below
Section Information Page
1 Interest capitalised ot aterial for the
group
 ublication of unaudited financial
information
0 2 and 22
 etails of lon-ter incentive
schees
ot applicable
 aiver of eoluents b a director ot applicable
 aiver of future eoluents b a
director
ot applicable
 on pre-eptive issues of euit for
cash
1  and 19
 on pre-eptive issue b a aor
subsidiar undertains
ot applicable
9 Parent participation in a placing by a
listed subsidiary
ot applicable
10 ontracts of sinificance ot applicable
11 rovision of services b a controllin
shareholder
ot applicable
1 hareholder waivers of dividends ee below
1 hareholder waivers of future
dividends
ee below
1 reeents with controllin
shareholders
ot applicable
n respect of  9..1 and 1 the trustee of the  roup
ploee hare wnership rust arees to waive dividends paable on
the  shares it holds for satisfin awards under various  eecutive
share plans. Under the rules of these share plans the dividends are
re-invested in  shares which are added to the relevant share awards.
Our risks
from page
41
Audit & Risk Committee’s
activities on page
101
The independent auditors’
report on page
138
The United States
opinion on page
143
Find out more