BT 2006 Annual Report Download - page 91

Download and view the complete annual report

Please find page 91 of the 2006 BT annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

14. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
a
Plant and
equipment
b
Assets in
course of
construction Total
£m £m £m £m
Cost
At 1 April 2004 1,029 34,963 724 36,716
Additions
c
9 495 2,185 2,689
Acquisition through business combinations 96 643 23 762
Transfers 49 2,114 (2,163) –
Exchange differences 250 153
Disposals and adjustments (120) (994) (7) (1,121)
31 March 2005 1,065 37,271 763 39,099
Additions
c
17 653 2,038 2,708
Acquisition through business combinations 23 298 2 323
Transfers 50 1,817 (1,867) –
Exchange differences 485 – 89
Disposals and adjustments (39) (1,757) (41) (1,837)
At 31 March 2006 1,120 38,367 895 40,382
Accumulated depreciation
At 1 April 2004 346 21,277 – 21,623
Charge for the year 49 2,645 – 2,694
Acquisition through business combinations 41 444 – 485
Exchange differences 131 – 32
Disposals and adjustments (66) (988) – (1,054)
At 31 March 2005 371 23,409 – 23,780
Charge for the year 58 2,577 – 2,635
Acquisition through business combinations 14 228 – 242
Exchange differences 154 – 55
Disposals and adjustments (32) (1,730) – (1,762)
At 31 March 2006 412 24,538 – 24,950
Carrying amount
At 31 March 2006 708 13,829 895 15,432
Engineering stores ––57 57
Total carrying amount at 31 March 2006 708 13,829 952 15,489
At 31 March 2005 694 13,862 763 15,319
Engineering stores ––72 72
Total carrying amount at 31 March 2005 694 13,862 835 15,391
2006 2005
£m £m
a
The carrying amount of land and buildings comprised:
Freehold 311 373
Long leases (over 50 years unexpired) 136 50
Short leases 261 271
Total carrying amount of land and buildings 708 694
b
The carrying amount of the group’s property, plant and equipment includes an amount of £460 million (2005: £593 million) in
respect of assets held under finance leases. The depreciation charge on those assets for the year ended 31 March 2006 was
£134 million (2005: £158 million).
2006 2005
£m £m
c
Additions to property, plant and equipment comprised:
Plant and equipment
Transmission equipment 1,429 1,488
Exchange equipment 80 143
Other network equipment 727 648
Computers and office equipment 281 312
Motor vehicles and other 123 34
Land and buildings 68 64
Total additions to property, plant and equipment 2,708 2,689
(Decrease) increase in engineering stores (15) 7
Total additions 2,693 2,696
Notes to the consolidated financial statements BT Group plc Annual Report and Form 20-F 2006 89