|
Net assets at
31 March 2004 amounted to £3,094 million compared to £2,642
million at 31 March 2003, with the increase due to the retained
profits of £685 million offset by the £144 million buyback
of shares and currency movements.
BT
Group plc, the parent company, has reserves of £9,585 million
at 31 March 2004 and £9,537 million at 31 March 2003.
BT’s
fixed assets totalled £16,068 million at 31 March 2004 of
which £15,487 million were tangible assets, principally forming
the UK fixed network. At 31 March 2003 fixed assets were £16,661
million and tangible assets were £15,888 million. |
