Marks and Spencer 2005 Annual Report Download - page 47

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MARKS AND SPENCER GROUP PLC 45
13 INTANGIBLE FIXED ASSETS Group
Goodwill
£m
Cost
Additions 125.5
At 2 April 2005 125.5
Accumulated amortisation
Charge for the period 3.1
At 2 April 2005 3.1
Net book value at 2 April 2005 122.4
On 4 October 2004, the Group acquired Per Una Group Limited for a consideration of £125.9m (see note 30A). The goodwill arising on
the acquisition of Per Una Group Limited is being amortised on a straight-line basis over a period of 20 years.
14 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 4 April 2004 2,269.2 3,156.8 50.4 5,476.4
Additions 26.6 177.8 15.2 219.6
Transfers 14.3 29.9 (44.2) –
Revaluation surplus 4.0 – – 4.0
Disposals (129.7) (152.5) – (282.2)
Disposal of subsidiaries – (50.0) – (50.0)
Differences on exchange 1.7 0.1 0.2 2.0
At 2 April 2005 2,186.1 3,162.1 21.6 5,369.8
Accumulated depreciation
At 4 April 2004 117.3 1,861.5 – 1,978.8
Depreciation for the year 14.0 253.3 – 267.3
Disposals (4.1) (150.6) – (154.7)
Disposal of subsidiaries – (37.5) – (37.5)
Differences on exchange – (0.2) – (0.2)
At 2 April 2005 127.2 1,926.5 – 2,053.7
Net book value at 2 April 2005 2,058.9 1,235.6 21.6 3,316.1
At 3 April 2004 2,151.9 1,295.3 50.4 3,497.6
Analysis of land and buildings Group
Long Short
Freehold leasehold leasehold Total
£m £m £m £m
At valuation 607.6 379.1 12.2 998.9
At cost 719.3 392.2 75.7 1,187.2
1,326.9 771.3 87.9 2,186.1
Accumulated depreciation (62.5) (12.9) (51.8) (127.2)
Net book value at 2 April 2005 1,264.4 758.4 36.1 2,058.9
At 3 April 2004 1,349.7 779.8 22.4 2,151.9