Skip Links

Menu Links

Notes to the
Accounts


< Previous

Next >



12 Tangible fixed assets
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).

back to top