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 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 |
| Exchange movements | 191 | 4,775 | 4,966 |
| Arising on acquisition | 15 | 223 | 238 |
| Additions | 100 | 4,665 | 4,765 |
| Disposals | (101) | (1,450) | (1,551) |
| Transfer to investment in associated undertakings | – | (298) | (298) |
| Reclassifications | (214) | 214 | – |
| 31 March 2009 | 1,421 | 43,943 | 45,364 |
| Accumulated depreciation and impairment: | |||
| 1 April 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 |
| Exchange movements | 79 | 2,811 | 2,890 |
| Charge for the year | 91 | 3,970 | 4,061 |
| Disposals | (17) | (1,217) | (1,234) |
| Transfer to investment in associated undertakings | – | (112) | (112) |
| Reclassifications | (92) | 92 | – |
| 31 March 2009 | 583 | 25,531 | 26,114 |
| Net book value: | |||
| 31 March 2008 | 908 | 15,827 | 16,735 |
| 31 March 2009 | 838 | 18,412 | 19,250 |
The net book value of land and buildings and equipment, fixtures and fittings includes £106 million and £82 million, respectively (2008: £110 million and £51 million) in relation to assets held under finance leases. 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 £44 million and £1,186 million, respectively (2008: £28 million and £1,013 million). Property, plant and equipment with a net book value of £148 million (2008: £1,503 million) has been pledged as security against borrowings.