Additional information in relation to BT’s Current Cost Financial Statements for 2013
In the Current Cost Financial Statements for 2013 published on 31 July 2013 (the “Statements”), we
restated, where practicable, the prior year comparative figures to ensure consistency with
methodologies used for the current year.
Since publication of the Statements, we have identified a typographical error in Section 6.4 Attribution
of Wholesale Current Cost Mean Capital Employed 2012 (Annex 6A) on page 29 of the Statements.
We have found that the disaggregation of the total mean capital employed between the different asset
and liability categories was incorrectly shown for Wholesale broadband access (WBA) Market 1 and
WBA Market 2. The counter side of these errors was reflected in the asset and liability classification
within the Wholesale Residual market and so the total assets by asset category is correct,
notwithstanding the error.
This error is restricted to the restated information for the year ended 31 March 2012 for those markets
described above in Section 6.4 only and does not impact any other section or annex of the Statements.
The additional information published here shows Section 6.4 of the Statements after correction of the
typographical error described above. This information is a supplement to the published Statements,
not a revision of them. Consequently, the published Statements, together with the related report of
the independent auditors, remain in issue.
Total Access Markets
Call origination on fixed public
narrowband networks
Single transit on fixed public
narrowband networks
Technical areas (Interconnect
Circuits)
Fixed call termination
Wholesale trunk segments
Technical areas (Point of Handover)
Sub-total Other Wholesale & SMP
National Markets
Wholesale broadband access Market 1
Wholesale broadband access Market 2
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
£m
19
13
71
52
10
48
26
102
18
187
299
0
196
93
6
0
16
20
0
16
6
8
0
6
19
0
19
6
21
0
423
429
0
253
264
223
920
0
721
18
39
244
522
4,504
703
4,465
166
733
950
67
0
0
96
59
62
41
1
0
0
0
3
6
1
11
0
2
15
6
12
9
69
0
0
98
62
64
38
12
0
0
85
0
50
8
1
0
9
3
0
5
2
161
0
11
297
130
199
99
78
29
0
73
0
160
96
35
9
0
25
0
69
59
274
38
11
395
130
428
254
239
193
263
311
91
676
713
1,035
4,735
977
5,171
387
1,837
1,917
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,986
246
239
895
64
58
1,390
2,165
12,043
325
11
55
331
155
20
897
436
197
1,530
2,486
16,059
31
34
Total Markets
AISBO (up to and including 1Gbit/s)
£m
16
105
0
86
18
6
15
Wholesale Residual
TISBO (above 45Mbit/s up to and
including 155Mbit/s)
£m
Total Other Wholesale & SMP
Markets
TISBO (above 8Mbit/s up to and
including 45Mbit/s)
£m
127
3,448
0
2,839
120
156
296
Wholesale local access
TISBO (up to and including 8Mbit/s)
Total Non-current Assets
Wholesale business ISDN30
exchange line services
Investments
Wholesale ISDN2 exchange line
services
Non-current Assets
Land & Buildings
Access - Copper
Access - Fibre
Access - Duct
Switch
Transmission
Other
Wholesale analogue exchange line
services
Section 6.4 - Attribution of Wholesale Current Cost Mean Capital Employed 2012 (Annex 6A)
As corrected
Current Assets
Inventories
Receivables
- Internal
- External
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
3
128
409
8
20
18
64
33
75
2
6
3
10
44
78
46
108
282
770
11
23
0
1
3
8
9
15
5
16
0
1
28
64
25
60
15
41
68
165
(55)
768
295
1,703
Total Current Assets
537
28
82
108
8
13
122
154
1,052
34
1
11
24
21
1
92
85
59
236
744
2,032
0
(512)
(512)
0
(25)
(25)
0
(77)
(77)
0
(122)
(122)
0
(8)
(8)
0
(11)
(11)
0
(165)
(165)
0
(171)
(171)
0
(1,091)
(1,091)
0
(38)
(38)
0
(2)
(2)
0
(11)
(11)
0
(28)
(28)
0
(18)
(18)
0
(2)
(2)
0
(99)
(99)
(9)
(80)
(89)
(5)
(49)
(54)
(14)
(228)
(242)
Payables falling due within one year
- Internal
- External
Total payables falling due within one year
Net Current Assets/(Payables)
Total Assets less Current Payables
Provisions for liabilities & charges
Roundings
Mean Capital Employed
25
3
5
7,011
249
244
(93)
6,918
(14)
0
2
881
64
60
(5)
(9)
(1)
(1)
-
-
(24)
-
-
-
244
235
857
63
59
(43)
1,347
(17)
2,148
(39)
12,004
(4)
321
(1)
0
10
55
327
(2)
(15)
3
158
(1)
(7)
(4)
19
890
432
5
202
(21)
(47)
(201)
(16)
(1)
(1)
(35)
(15)
-
-
-
-
-
-
-
-
-
-
-
-
305
10
53
312
157
18
855
417
196
1,326
2,101
11,803
0
(4)
(6)
(6)
1,524
14
(1,065)
(1,051)
(307)
2,179
0
(2,384)
(2,384)
(352)
15,707
(56)
(272)
(529)
-
-
-
1,468
1,907
15,178