2003

2002

£m

£m

Fixed assets

16,661

17,551

Current assets

11,556

10,122

Creditors: amounts falling due within one year

(9,680)

(9,390)

Net current assets

1,876

732

Total assets less current liabilities

18,537

18,283

Creditors: amounts falling due after one year

13,456

16,245

Provisions for liabilities and charges

2,376

2,324

Minority interests

63

72

Capital and reserves (d)

2,642

(358)

18,537

18,283

(d) BT Group plc, the company, had capital and reserves at 31 March 2003 of £10 billion.

Fixed assets
This is mainly exchange and network equipment, property and similar items which we own and use to run our business, goodwill and investments.

Current assets
Principally, amounts which we have billed our customers but not yet received and short term investments.

Creditors: amounts falling due after one year
Money borrowed on a long term basis to fund our operations.

Provisions for liabilities and charges
Amounts set aside for liabilities that are not yet certain.