Marks and Spencer 2011 Annual Report Download - page 96

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Marks and Spencer Group plc Annual report and financial statements 2011
94
Notes to the financial statements continued
15 Property, plant and equipment
Land and
buildings
£m
Fixtures,
fittings and
equipment
£m
Assets in the
course of
construction
£m
Total
£m
At 28 March 2009
Cost 2,566.6 4,811.9 110.5 7,489.0
Accumulated depreciation (108.6) (2,546.4) – (2,655.0)
Net book value 2,458.0 2,265.5 110.5 4,834.0
Year ended 3 April 2010
Opening net book value 2,458.0 2,265.5 110.5 4,834.0
A
dditions 14.6 244.3 52.9 311.8
Acquisition of subsidiary – 0.9 – 0.9
Reclassification from investment property 2.4 – – 2.4
Transfers 6.3 36.3 (42.6) –
Disposals (4.2) (11.8) – (16.0)
Depreciation charge (9.6) (384.6) – (394.2)
Exchange difference (9.8) (7.5) 0.4 (16.9)
Closing net book value 2,457.7 2,143.1 121.2 4,722.0
At 3 April 2010
Cost 2,576.4 5,043.9 121.2 7,741.5
Accumulated depreciation (118.7) (2,900.8) – (3,019.5)
Net book value 2,457.7 2,143.1 121.2 4,722.0
Year ended 2 April 2011
Opening net book value 2,457.7 2,143.1 121.2 4,722.0
A
dditions 23.1 173.1 168.8 365.0
Transfers 22.4 66.7 (89.1) –
Disposals (1.4) (1.3) – (2.7)
Asset write-off – (3.4) – (3.4)
Depreciation charge (15.7) (400.8) – (416.5)
Exchange difference (0.1) (2.1) – (2.2)
Closing net book value 2,486.0 1,975.3 200.9 4,662.2
At 2 April 2011
Cost 2,730.0 5,263.2 200.9 8,194.1
Accumulated depreciation (244.0) (3,287.9) – (3,531.9)
Net book value 2,486.0 1,975.3 200.9 4,662.2
The net book value above includes land and buildings of £44.3m (last year £44.7m) and equipment of £31.8m (last year £45.6m) where
the Group is a lessee under a finance lease.
Additions to property, plant and equipment during the year amounting to £nil (last year £0.1m) were financed by new finance leases.