| Provisions
for liabilities and charges excluding deferred taxation |
| |
 |
|
|
|
|
|
|
|
|
Property |
|
Pension |
|
Other |
|
|
|
|
provisionsa |
|
provisionsb |
|
provisionsc |
|
Total |
|
|
£m |
|
£m |
|
£m |
|
£m |
|
|
|
|
|
|
|
|
|
|
| Balances
at 1 April 2002 |
85 |
|
29 |
|
70 |
|
184 |
|
| Charged
against profit for the year |
200 |
|
4 |
|
6 |
|
210 |
|
| Utilised
in the year |
(27 |
) |
– |
|
(8 |
) |
(35 |
) |
|
|
|
|
|
|
|
|
|
| Total
provisions at 31 March 2003 |
258 |
|
33 |
|
68 |
|
359 |
|
|
|
|
|
|
|
|
|
|
| a
Property provisions comprise amounts provided
for obligations to complete nearly finished new
properties and remedial work to be undertaken on properties
and the onerous lease provision on rationalisation
of the group’s London office portfolio. |
| b
Provision for unfunded pension obligations. |
| c
Other provisions include amounts provided
for legal or constructive obligations arising from
insurance claims and litigation. |
Deferred
taxation
Deferred
tax is provided for in full on certain timing differences,
BT does not discount the provision. |
|
|
|
£m |
|
|
|
|
| Balance
at 1 April 2002 |
2,140 |
|
| Credit
against profit for the year |
(102 |
) |
| Transfer
to current tax |
(23 |
) |
| Acquisition |
2 |
|
|
|
|
| Total
deferred tax provisions at 31 March 2003 |
2,017 |
|
|
|
|
|
2003 |
|
2002 |
|
|
£m |
|
£m |
|
|
|
|
|
|
|
|
|
|
|
| Tax
effect of timing differences due to: |
|
|
|
|
| Excess
capital allowances |
2,035 |
|
2,161 |
|
| Pension
prepayment |
167 |
|
69 |
|
| Other |
(185 |
) |
(90 |
) |
|
|
|
|
|
| Total
provision for deferred taxation |
2,017 |
|
2,140 |
|
|
|
|
|
|
|
