Notes to the Consolidated Financial Statements
Notes 11-15
- 11. Property, plant and equipment
- 12. Principal subsidiary undertakings
- 13. Investments in joint ventures
- 14. Investments in associated undertakings
- 15. Other investments
11. Property, plant and equipment
Land and buildings £m |
Equipment, fixtures and fittings £m |
Total £m |
|
---|---|---|---|
Cost: | |||
1 April 2006 | 1,112 | 25,731 | 26,843 |
Exchange movements | (22) | (839) | (861) |
Arising on acquisition | – | 172 | 172 |
Additions | 87 | 3,322 | 3,409 |
Transfer to other investments | (1) | (268) | (269) |
Disposals | (9) | (692) | (701) |
Reclassifications | (4) | 4 | – |
Other | 77 | – | 77 |
31 March 2007 | 1,240 | 27,430 | 28,670 |
Exchange movements | 201 | 3,898 | 4,099 |
Arising on acquisition | 14 | 1,150 | 1,164 |
Additions | 94 | 3,988 | 4,082 |
Disposals | (10) | (761) | (771) |
Reclassifications | (109) | 109 | – |
31 March 2008 | 1,430 | 35,814 | 37,244 |
Accumulated depreciation and impairment: | |||
1 April 2006 | 353 | 12,830 | 13,183 |
Exchange movements | (7) | (349) | (356) |
Charge for the year | 72 | 2,939 | 3,011 |
Transfer to other investments | – | (31) | (31) |
Disposals | (4) | (605) | (609) |
Other | 28 | – | 28 |
31 March 2007 | 442 | 14,784 | 15,226 |
Exchange movements | 77 | 2,456 | 2,533 |
Charge for the year | 79 | 3,348 | 3,427 |
Disposals | (10) | (667) | (677) |
Reclassifications | (66) | 66 | – |
31 March 2008 | 522 | 19,987 | 20,509 |
Net book value: | |||
31 March 2007 | 798 | 12,646 | 13,444 |
31 March 2008 | 908 | 15,827 | 16,735 |
The net book value of land and buildings and equipment, fixtures and fittings includes £110 million and £51 million, respectively (2007: £49 million and £116 million) in relation to assets held under finance leases (see note 24). Included in the net book value of land and buildings and equipment, fixtures and fittings are assets in the course of construction, which are not depreciated, with a cost of £28 million and £1,013 million, respectively (2007: £13 million and £998 million). Property, plant and equipment with a net book value of £1,503 million (2007: £73 million) has been pledged as security against borrowings.