Marks and Spencer 2002 Annual Report Download - page 42

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40 Marks and Spencer Group p.l.c.
Notes to the financial statements
12. Directors
A Emoluments
Emoluments of directors of the Company are summarised below. Further details are given in the Remuneration
Report on pages 14 to 20. 2002 2001
£000 £000
Aggregate emoluments 5,987 3,998
Termination payments 398 2,742
B Transactions with directors
During the year there was no contract of significance to which the Company, or one of its subsidiaries, was a party
and in which a director of the Company was materially interested.
13. Tangible fixed assets Group
A Tangible fixed assets Fixtures, Assets in the
Land & fittings & course of
buildings equipment construction Total
£m £m £m £m
Cost or valuation
At 1 April 2001 2,896.0 2,975.0 91.8 5,962.8
Additions 9.6 243.5 37.4 290.5
Transfers 30.2 28.5 (58.7) –
Revaluation surplus 0.4 – – 0.4
Disposals (650.4) (330.5) (42.6) (1,023.5)
Disposal of subsidiaries (3.1) (168.1) (0.6) (171.8)
Differences on exchange (2.1) (2.3) (0.3) (4.7)
At 30 March 2002 2,280.6 2,746.1 27.0 5,053.7
Accumulated depreciation
At 1 April 2001 160.8 1,683.1 – 1,843.9
Depreciation for the year 13.6 236.0 – 249.6
Disposals (59.3) (264.7) – (324.0)
Disposal of subsidiaries (1.3) (94.1) – (95.4)
Differences on exchange (0.1) (1.5) – (1.6)
At 30 March 2002 113.7 1,558.8 – 1,672.5
Net book value
At 30 March 2002 2,166.9 1,187.3 27.0 3,381.2
At 1 April 2001 2,735.2 1,291.9 91.8 4,118.9
Analysis of land & buildings Group
Long Short
Freehold leasehold leasehold Total
£m £m £m £m
At valuation 599.3 406.1 12.2 1,017.6
At cost 714.2 470.7 78.1 1,263.0
1,313.5 876.8 90.3 2,280.6
Accumulated depreciation (21.6) (28.1) (64.0) (113.7)
Net book value
At 30 March 2002 1,291.9 848.7 26.3 2,166.9
At 1 April 2001 1,832.5 834.6 68.1 2,735.2
B Investment properties
Freehold land and buildings include investment properties as follows: Group
£m
Cost or valuation
At 1 April 2001 51.5
Disposals (20.6)
Revaluation surplus 0.4
At 30 March 2002 31.3