Notes to the accounts

Notes to the accounts list

24 Tangible fixed assets

	The Group 2005	The Group 2004 £m	The Company 2005 £m	The Company 2004 £m
Investment properties	6	5	–	–
Properties in use by the Group	25	26	25	25
Other fixed assets in use by the Group	8	9	–	–
	39	40	25	25

Properties

Properties	The Group Investments properties 2005 £m	The Company Investments properties 2005 £m	The Group Properties in use by the Group 2005 £m	The Company Properties in use by the Group 2005 £m
Opening balances
Cost	5	–	22	21
Unrealised appreciation	–	–	4	4
	5	–	26	25
Movement in unrealised appreciation	1	–	(1)	–
31 March 2005	6	–	25	25
Represented by:
Cost	5	–	22	21
Unrealised appreciation	1	–	3	4
	6	–	25	25
Freehold	6	–	8	8
Leasehold – 50 years and over	–	–	17	17
	6	–	25	25

Other fixed assets in use by the Group

Other fixed assets in use by the Group		The Group Office equipment 2005 £m	The Group Hire purchase motor vehicles 2005 £m	The Group Total 2005 £m
Opening cost		56	3	59
Additions		3	1	4
Disposals		(10)	(2)	(12)
Cost at 31 March 2005		49	2	51
Opening depreciation		49	1	50
Charge for year		3	1	4
Disposals		(10)	(1)	(11)
Depreciation at 31 March 2005		42	1	43
Book amount at 31 March 2005		7	1	8
Book amount at 31 March 2004		7	2	9

Obligations

Obligations	The Group Operating leases 2005 £m	The Group Operating leases 2004 £m	The Company Hire purchase contracts 2005 £m	The Company Hire purchase contracts 2004 £m
Within one year	–	1	–	–
Between one year and two years	1	–	–	–
Between two years and five years	2	3	1	2
After five years	3	3	–	–
	6	7	1	2

The obligations under operating leases represent the obligations payable in the year to 31 March 2006 banded as to when the leases expire. The hire purchase obligations are the total amount payable under these contracts.