For the year ended 31 March
| Ìý |
Land and buildings
£³¾ |
Ìý |
Plant
and machinery
£³¾ |
Ìý |
Furniture and fittings
£³¾ |
Ìý |
Assets
under Ìýconstruction
£³¾ |
Ìý |
Total
£³¾ |
Ìý |
| Cost or valuation |
Ìý |
| At 1 April 2005 |
66.2 |
Ìý |
187.3 |
Ìý |
8.9 |
Ìý |
20.9 |
Ìý |
283.3 |
Ìý |
| Additions |
- |
Ìý |
11.4 |
Ìý |
1.1 |
Ìý |
13.8 |
Ìý |
26.3 |
Ìý |
| Brought into service |
0.2 |
Ìý |
7.3 |
Ìý |
2.1 |
Ìý |
(9.6 |
) |
- |
Ìý |
| Disposals |
(0.1 |
) |
(2.7 |
) |
(0.2 |
) |
- |
Ìý |
(3.0 |
) |
| At 31 March 2006 |
66.3 |
Ìý |
203.3 |
Ìý |
11.9 |
Ìý |
25.1 |
Ìý |
306.6 |
Ìý |
| Ìý |
| Depreciation |
Ìý |
| At 1 April 2005 |
37.9 |
Ìý |
85.8 |
Ìý |
3.8 |
Ìý |
- |
Ìý |
127.5 |
| Charge for the year |
2.5 |
Ìý |
17.3 |
Ìý |
1.5 |
Ìý |
- |
Ìý |
21.3 |
Ìý |
| Elimination in respect of disposals |
(0.1 |
) |
(2.4 |
) |
(0.2 |
) |
- |
Ìý |
(2.7 |
) |
| At 31 March 2006 |
40.3 |
Ìý |
100.7 |
Ìý |
5.1 |
Ìý |
- |
Ìý |
146.1 |
Ìý |
| Ìý |
| Net book value |
Ìý |
| At 31 March 2006 |
26.0 |
Ìý |
102.6 |
Ìý |
6.8 |
Ìý |
25.1 |
Ìý |
160.5 |
Ìý |
| At 31 March 2005 |
28.3 |
Ìý |
101.5 |
Ìý |
5.1 |
Ìý |
20.9 |
Ìý |
155.8 |
Ìý |
Plant and machinery and furniture and fittings were revalued at 1 April 1996 based on the estimated current replacement cost of
the assets, adjusted for service potential. Following the introduction of FRS 15: Tangible Fixed Assets, Â鶹Éç World Service
has retained these revalued assets at their valuation as adjusted for depreciation. Â鶹Éç World Service does not plan to revalue
these assets on an ongoing basis.
The net book value of tangible fixed assets included in the preceding table determined on an historical cost bases is as follows:
| Ìý
| Plant
and machinery
2006
£³¾ |
Ìý |
Plant
and machinery
2005
£³¾ |
Ìý |
Furniture and fittings
2006
£³¾ |
Ìý |
Furniture and fittings
2005
£³¾ |
Ìý |
| Cost |
258.0 |
Ìý |
242.0 |
Ìý |
14.6 |
Ìý |
11.6 |
Ìý |
| Depreciation |
(158.6 |
) |
(144.5 |
) |
(7.8 |
) |
(6.5 |
) |
| Net book value |
99.4 |
Ìý |
97.5 |
Ìý |
6.8 |
Ìý |
5.1 |
Ìý |
| Land and buildings at net book value comprise: |
2006
£³¾ |
2005
£³¾ |
| Freeholds |
9.9 |
10.6 |
| Short-leaseholds |
16.1 |
17.7 |
| Total |
26.0 |
28.3 |
The members of the Management Board are satisfied that there has been no impairment in the carrying values of freehold properties at the balance sheet date.
Land and buildings include freehold land at a cost of £0.1 million (2005 £0.1 million) which is not depreciated.
Assets held under finance leases, capitalised and included in plant and machinery within tangible fixed assets are as follows:
| Ìý |
2006
£³¾ |
Ìý |
2005
£³¾ |
Ìý |
| Cost |
1.1 |
Ìý |
- |
Ìý |
| Accumulated depreciation |
(0.5 |
) |
- |
Ìý |
| Total |
0.6 |
Ìý |
- |
Ìý |
The finance leases relate to IT equipment that was originally leased to Â鶹Éç World Service under operating leases. As at 1 April 2005,
the contract was varied to allow the assets to be used by Â鶹Éç World Service for substantially their entire economic lives. As a result, these
assets have been capitalised and included in tangible fixed assets.
« back
|
 |
|
|
|
|
|
|
|
|
|
Financial statements |
|
Notes to the financial statements |
|
|
|
|
 |
|
