|
| 21. Tangible
fixed assets
|
Land and
buildings
£m
|
|
Plant and
equipment
£m
|
|
Assets
in course of
construction
£m |
|
Total
£m
|
|
| |
| |
a |
b |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
|
1 April 2003 |
955 |
|
34,346 |
|
958 |
|
36,259 |
|
|
Acquisitions of subsidiary undertakings |
7 |
|
38 |
|
– |
|
45 |
|
|
Additionsc |
20 |
|
691 |
|
1,942 |
|
2,653 |
|
|
Transfers |
75 |
|
1,969 |
|
(2,044 |
) |
– |
|
|
Disposals and adjustments |
(120 |
) |
(1,388 |
) |
(10 |
) |
(1,518 |
) |
|
Currency movements |
(8 |
) |
(77 |
) |
(26 |
) |
(111 |
) |
|
|
|
|
|
|
|
|
|
|
Total cost at 31 March 2004 |
929 |
|
35,579 |
|
820 |
|
37,328 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
|
1 April 2003 |
352 |
|
20,064 |
|
– |
|
20,416 |
|
|
Acquisitions of subsidiary undertakings |
5 |
|
35 |
|
– |
|
40 |
|
|
Charge for the year |
53 |
|
2,868 |
|
– |
|
2,921 |
|
|
Disposals and adjustments |
(67 |
) |
(1,352 |
) |
– |
|
(1,419 |
) |
|
Currency movements |
(3 |
) |
(49 |
) |
– |
|
(52 |
) |
|
|
|
|
|
|
|
|
|
|
Total depreciation at 31 March 2004 |
340 |
|
21,566 |
|
– |
|
21,906 |
|
|
|
|
|
|
|
|
|
|
|
Net book value at 31 March 2004 |
589 |
|
14,013 |
|
820 |
|
15,422 |
|
|
Engineering stores |
– |
|
– |
|
65 |
|
65 |
|
|
|
|
|
|
|
|
|
|
|
Total tangible fixed assets at 31 March 2004 |
589 |
|
14,013 |
|
885 |
|
15,487 |
|
|
|
|
|
|
|
|
|
|
|
Net book value at 31 March 2003 |
603 |
|
14,282 |
|
958 |
|
15,843 |
|
|
Engineering stores |
– |
|
– |
|
45 |
|
45 |
|
|
|
|
|
|
|
|
|
|
|
Total tangible fixed assets at 31 March 2003 |
603 |
|
14,282 |
|
1,003 |
|
15,888 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
| |
|
2004 |
|
2003 |
|
|
£m |
£m |
| |
|
|
|
|
|
| a |
The net book value of land
and buildings comprised: |
|
|
|
|
| |
Freehold |
363 |
|
374 |
|
| |
Long leases (over 50 years
unexpired) |
13 |
|
27 |
|
| |
Short leases |
213 |
|
202 |
|
| |
|
|
|
|
|
| |
Total net book value of land
and buildings |
589 |
|
603 |
|
| |
|
|
|
|
|
b
The net book value of assets held under finance leases included within plant and equipment was £620 million at 31 March 2004 (2003 – £6 million). The
depreciation charge for the year to 31 March 2004 on those assets was £174 million (2003 – £1 million).
| |
|
|
2004 |
|
2003 |
|
|
£m |
£m |
| |
|
|
|
|
|
|
|
c |
Expenditure
on tangible fixed assets comprised: |
|
|
|
|
| |
Plant and equipment |
|
|
|
|
| |
|
Transmission
equipment |
1,324 |
|
1,277 |
|
| |
|
Exchange equipment |
150 |
|
228 |
|
| |
|
Other network
equipment |
585 |
|
466 |
|
| |
|
Computers and
office equipment |
205 |
|
281 |
|
| |
|
Motor vehicles
and other |
316 |
|
162 |
|
| |
Land and buildings |
73 |
|
40 |
|
| |
|
|
|
|
|
|
| |
|
|
2,653 |
|
2,454 |
|
| |
Increase (decrease)
in engineering stores |
20 |
|
(9 |
) |
| |
|
|
|
|
|
|
| |
Total expenditure
on tangible fixed assets |
2,673 |
|
2,445 |
|
| |
|
|
|
|
|
|
|
