Accounts

Notes to the Accounts

 
 

Note 13 – Tangible fixed assets

 
 
 
 
Group
 
 
Land and
buildings
£m
 
Plant
and
machinery
£m
Assets
in the
course of
construction
£m
Motor
vehicles
and office
equipment
£m
 
 
 
Total
£m
Cost at 1 April 2003 1,037 22,665 1,035 870 25,607
Exchange adjustments (67) (965) (17) (6) (1,055)
Additions 13 345 1,020 101 1,479
Disposals (128) (144) (2) (124) (398)
Reclassifications 3 760 (907) 144
Cost at 31 March 2004 858 22,661 1,129 985 25,633
Exchange adjustments (13) (202) (2) (1) (218)
Acquisition of Group undertakings 29 592 11 632
Additions 32 334 980 85 1,431
Disposals (34) (117) (31) (182)
Reclassifications 39 776 (838) 23
Cost at 31 March 2005 911 24,044 1,269 1,072 27,296
           
Depreciation at 1 April 2003 343 7,818 599 8,760
Exchange adjustments (12) (358) (4) (374)
Depreciation charge for the year 19 732 115 866
Impairment charge 5 3 8
Disposals (74) (140) (119) (333)
Depreciation at 31 March 2004 276 8,057 594 8,927
Exchange adjustments (3) (75) (1) (79)
Depreciation charge for the year 19 718 123 860
Impairment charge 2 2
Disposals (12) (121) (27) (160)
Depreciation at 31 March 2005 282 8,579 689 9,550
Net book value at 31 March 2005 629 15,465 1,269 383 17,746
Net book value at 31 March 2004 582 14,604 1,129 391 16,706

The net book value of land and buildings comprised:

 
 
2005
£m
2004
£m
Freehold 590 564
Long leasehold (over 50 years) 12 4
Short leasehold (under 50 years) 27 14
  629 582

The cost of tangible fixed assets at 31 March 2005 included £449m (2004: £402m) relating to interest capitalised.

Included within creditors (amounts falling due within one year) and creditors (amounts falling due after more than one year) at 31 March 2005 are contributions to the cost of tangible fixed assets amounting to £53m (2004: £46m) and £1,150m (2004: £1,130m) respectively.

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