Provisions for liabilities and charges excluding deferred taxation
| |
Property
provisionsa
£m |
|
Pension
provisionsb
£m |
|
Other
provisionsc
£m |
|
Total
£m |
|
 |
 |
|
| Balances at 1 April 2001 |
24 |
|
335 |
|
94 |
|
453 |
|
|
| Charged against profit for the year |
90 |
|
361 |
|
14 |
|
465 |
|
|
| Utilised in the year |
(21 |
) |
(436 |
) |
(28 |
) |
(485 |
) |
|
| Demerged with mmO2 |
(8 |
) |
- |
|
(10 |
) |
(18 |
) |
|
| Transfer to prepayments (note 23) |
- |
|
(231 |
) |
- |
|
(231 |
) |
|
|
|
| Total provisions at 31 March 2002 |
85 |
|
29 |
|
70 |
|
184 |
|
|
|
|
aProperty provisions comprise amounts provided for obligations to complete nearly finished new properties and remedial work to be undertaken on properties.
bSee note 31.
cOther provisions comprise amounts provided for legal or constructive obligations arising from insurance claims and litigation. |
Deferred taxation
FRS 19 has been implemented with effect from 1 April 2001. Under FRS 19, deferred tax is provided for in full on certain timing differences. BT Group does not discount the provision.
| |
£m |
|
|
|
| Balance at 1 April 2001 |
270 |
|
|
| Restatement of opening balance in accordance with FRS 19 |
2,015 |
|
|
|
|
| Balance at 1 April 2001, as restated |
2,285 |
|
|
| Charged against profit for the year |
66 |
|
|
| Demerged with mmO2 |
(211 |
) |
|
|
|
| Total deferred tax provisions at 31 March 2002 |
2,140 |
|
|
|
| |
2002
£m |
|
As restated
2001
£m |
|
|
|
|
| Tax effect of timing differences due to: |
|
| Excess capital allowances |
2,161 |
|
2,454 |
|
|
| Pension prepayment (provisions) |
69 |
|
(102 |
) |
|
| Other |
(90 |
) |
(67 |
) |
|
|
|
| Total provision for deferred taxation |
2,140 |
|
2,285 |
|
|
|
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