Marks and Spencer 2016 Annual Report Download - page 112

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110
MARKS AND SPENCER GROUP PLC
FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
15 PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£m
Fixtures,
fi ttings and
equipment
£m
Assets in the
course of
construction
£m
Total
£m
At 29 March 2014
Cost 2,871.7 6,686.8 256.2 9,814.7
Accumulated depreciation, impairments and write-o s (332.0) (4,336.8) (6.0) (4,674.8)
Net book value 2,539.7 2,350.0 250.2 5,139.9
Year ended 28 March 2015
Opening net book value 2,539.7 2,350.0 250.2 5,139.9
Additions 19.0 213.0 167.8 399.8
Transfers 14.5 268.4 (282.9) –
Disposals (12.5) (0.2) – (12.7)
Asset impairments (13.3) (35.4) – (48.7)
Asset write-o s(1.0)(6.6)(11.4)(19.0)
Depreciation charge (14.8) (385.1) (0.2) (400.1)
Exchange di erence (16.3) (10.0) (1.8) (28.1)
Closing net book value 2,515.3 2,394.1 121.7 5,031.1
At 28 March 2015
Cost 2,855.1 7,066.4 133.3 10,054.8
Accumulated depreciation, impairments and write-o s (339.8) (4,672.3) (11.6) (5,023.7)
Net book value 2,515.3 2,394.1 121.7 5,031.1
Year ended 2 April 2016
Opening net book value 2,515.3 2,394.1 121.7 5,031.1
Additions 115. 2 20 4 . 6 138 . 3 45 8 .1
Transfers 1.7 186.8 (188.5) –
Disposals (5.0) (0.6) – (5.6)
Asset impairments (30.4) (24.3) (1.9) (56.6)
Asset write-o s – (2.9) – (2.9)
Depreciation charge (13.3) (400.8) – (414.1)
Exchange di erence 11. 4 5 .9 ( 0 . 2) 17.1
Closing net book value 2,594.9 2,362.8 69.4 5,027.1
At 2 April 2016
Cost 2,981.6 7,476.3 82.9 10,540.8
Accumulated depreciation, impairments and write-o s (386.7) (5,113.5) (13.5) (5,513.7)
Net book value 2,594.9 2,362.8 69.4 5,027.1
The net book value above includes land and buildings of £42.6m (last year £42.7m) and equipment of £0.2m (last year £1.1m) where the Group
is a lessee under a fi nance lease.
Additions to property, plant and equipment during the year amounting to £nil (last year £nil) were fi nanced by fi nance leases.
16 OTHER FINANCIAL ASSETS
2016
£m
2015
£m
Non-current
Unlisted investments 3.0 3.0
Current
Short-term investments¹ 19.1 11. 6
1. Includes £3.6m (last year £1.2m) of money market deposits held by Mar ks and Spencer plc in an escrow account.
Non-current unlisted investments are carried as available-for-sale assets. Other fi nancial assets are measured at fair value with changes in
their value taken to the income statement.