BT 2016 Annual Report Download - page 192

198 BT Group plc
Annual Report 2016
18. Trade and other payables
At 31 March
2016
£m
2015
£m
Current
Trade payables 4,257 2,835
Other taxation and social security 682 416
Other payables 498 535
Accrued expenses 418 414
Deferred incomeb1,434 1,076
7,289 5,276
At 31 March
2016
£m
2015
£m
Non-current
Other payablesa876 854
Deferred incomeb229 73
1,105 927
a Other payables relate to operating lease liabilities and deferred gains on a 2001 sale and finance leaseback transaction.
b Includes £71m (2014/15: £nil) current and £187m (2014/15: £29m) non-current liabilities relating to the Broadband Delivery UK programme, for which grants received by the group may be subject to
re-investment or repayment depending on the level of take-up.
19. Provisions
Restructuring
£m
a Property
£m
Network
b ARO
£m
Network
c share
£m
d Other
£m
e Total
£m
At 31 March 2014 58 201 – – 274 533
Income statement expense 646 – – 88 140
Unwind of discount – 8 – – – 8
Utilised or released (20) (38) – – (63) (121)
Transfers – – – – 6 6
Exchange differences 1 – – – (3) (2)
At 31 March 2015 45 217 – – 302 564
Acquisitions –72 81 63 3219
Income statement expense –28 2 - 15 45
Unwind of discount – 8 – – – 8
Utilised or released (25) (29) (5) (3) (46) (108)
Transfers – – – – (7) (7)
Exchange differences – – – – 2 2
At 31 March 2016 20 296 78 60 269 723
At 31 March
2016
£m
2015
£m
Analysed as:
Current 171 142
Non-current 552 422
723 564
a Provisions relating to group-wide restructuring programmes. These are utilised as the obligations are settled.
b Mainly comprise onerous lease provisions arising from the rationalisation of the group’s property portfolio. The provisions will be utilised over the remaining lease periods, which range from one to 67 years.
The weighted average remaining term is 31 years (2014/15: 20 years).
c The group is required to dismantle equipment and restore certain sites on vacation of a site. The asset retirement obligation (ARO) provision reflects our current estimate of the amount required to settle the
obligation. These costs are expected to be incurred over a period of up to 20 years.
d Represents future operational costs and vacant site rentals arising from restructuring obligations relating to network share agreements. These costs are expected to be incurred over a period of up to 20
years.
e Other provisions include amounts provided for legal or constructive obligations arising from insurance claims, litigation and regulatory risks which will be utilised as the obligations are settled.