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| All figures in £ millions | Freehold and lease property |
Plant and equipment |
Assets in course of construction |
Total |
|---|---|---|---|---|
| Cost | ||||
| At 31 December 2003 | 301 | 753 | 22 | 1,076 |
| Exchange differences | (9) | (27) | - | (36) |
| Reclassifications | - | 14 | (14) | - |
| Owned by subsidiaries acquired | 1 | 4 | - | 5 |
| Owned by subsidiaries disposed | (4) | - | - | (4) |
| Additions | 14 | 103 | 10 | 127 |
| Disposals | (13) | (44) | - | (57) |
| At 31 December 2004 | 290 | 803 | 18 | 1,111 |
| Depreciation | ||||
| At 31 December 2003 | (102) | (506) | - | (608) |
| Exchange differences | 4 | 19 | - | 23 |
| Provided in the year | (16) | (86) | - | (102) |
| Owned by subsidiaries acquired | - | (4) | - | (4) |
| Owned by subsidiaries disposed | 4 | - | - | 4 |
| Disposals | 6 | 43 | - | 49 |
| At 31 December 2004 | (104) | (534) | - | (638) |
| Net book value | ||||
| At 31 December 2003 | 199 | 247 | 22 | 468 |
| At 31 December 2004 | 186 | 269 | 18 | 473 |
Freehold and leasehold property - Net book value includes freehold of £109m (2003: £120m) and short leases of £77m (2003: £79m).
Capital commitments - The Group had capital commitments for fixed assets, including finance leases, already under contract amounting to £6m at 31 December 2004 (2003: £1m).
Other notes - The net book value of Group tangible fixed assets includes £3m (2003: £5m) in respect of assets held under finance leases. Depreciation on these assets charged in 2004 was £2m (2003: £2m).
