ratio analysics of year 2021 and 2022

a Other investments consists of loan to group undertakings of 580m (FY21: 971m ) and accrued interest of 5m (FY21:1m). The loan attracts interest of LIBOR plus 37.5 basis points and will transition onto ARRs after the balance sheet date (FY21: LIBOR plus 37.5 basis points). The loan is measured at amortised cost using the effective interest rate method. The expected credit loss provision against long-term loan to group undertakings is immaterial. In the 2021 Annual Report, this balance sheet caption was labelled 'Trade and other receivables'. We have opted to change the name to 'Other investments' as it better represents the loan to group undertaking and aligns to ho it is classified in the British Telecommunication ple Annual Report. b Current trade and other payables consists of loans from group undertakings of 16m (FY21: 10m ) and other creditors of 16m (FY21: 17m ). The non-current trade and other payables comprises the obligation to purchase own shares into trust via a forward contract. c As permitted by Section 408(3) of the Companies Act 2006 , no profit and loss account of the company is presented. The profit for the financial year, dealt with in the profit and loss account of the company was 2m (FY21:6m). The financial statements of the company on pages 199 to 202 were approved by the Board of Directors on 11 May 2022 and were signed on its behalf by