BT 2016 Annual Report Download - page 214

220 BT Group plc
Annual Report 2016
28. Other reserves Other comprehensive income
Capital
redemption
reserve
£m
Cash flow
reserve
£m
Available-
for-sale
a reserve
£m
Translation
b reserve
£m
c Total
£m
At 1 April 2013 27 180 38 547 792
Exchange differences – – – (176) (176)
Net fair value loss on cash flow hedges –(528) – – (528)
Recognised in income and expense –384 – – 384
Fair value movement on available-for-sale assets – – (27) –(27)
Tax recognised in other comprehensive income – 6 – (2) 4
At 1 April 2014 27 42 11 369 449
Exchange differences – – – 5 5
Net fair value gain on cash flow hedges –207 – – 207
Recognised in income and expense –(218) – – (218)
Fair value movement on available-for-sale assets – – 7 – 7
Tax recognised in other comprehensive income –24 –13 37
At 1 April 2015 27 55 18 387 487
Exchange differencesd– – – 49 49
Net fair value gain on cash flow hedges –381 – – 381
Recognised in income and expense –(230) – – (230)
Fair value movement on available-for-sale assets – – (2) –(2)
Tax recognised in other comprehensive income –(33) –38 5
At 31 March 2016 27 173 16 474 690
a The cash flow reserve is used to record the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related to hedged transactions that have not yet occurred.
Amounts ‘recognised in income and expense’ include a net charge to the cash flow reserve of £255m (2014/15: net charge £244m, 2013/14: net credit of £374m) relating to fair value movements on
derivatives. The items generating these foreign exchange movements are in designated cash flow hedge relationships.
b The available-for-sale reserve is used to record the cumulative fair value gains and losses on available-for-sale financial assets. The cumulative gains and losses are recycled to the income statement on
disposal of the assets.
c The translation reserve is used to record cumulative translation differences on the assets and liabilities of foreign operations. The cumulative translation differences are recycled to the income statement on
disposal of the foreign operation.
d Excludes £3m of exchange differences in relation to retained earnings attributed to non-controlling interest.
29. Related party transactions
Key management personnel comprise executive and non-executive directors and members of the Operating Committee . Compensation of
key management personnel is disclosed in note 5.
Amounts paid to the group’s retirement benefit plans are set out in note 20.