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National Grid Electricity Transmission plc Annual Report and Accounts 2006/07
15. Property, plant and equipment
Assets
Motor
Plant in the vehicles
Land and and course of and office
buildings machinery construction equipment Total
£m
£m
£m
£m
£m
Cost at 1 April 2005
156
5,868
589
98
6,711
Additions
1
2
521
6
530
Other disposals
(3)
(32)
-
(5)
(40)
Reclassifications -451 (456) 5-
Cost at 31 March 2006
154
6,289
654
104
7,201
Additions
1
5
586
3
595
Disposal of business
(25)
(335)
(1)
(1)
(362)
Other disposals
-
(26)
-
(6)
(32)
Reclassifications 17 480 (509) 12 -
Cost at 31 March 2007
147
6,413
730
112
7,402
Depreciation at 1 April 2005
38
2,347
-
88
2,473
Depreciation charge for the year
4
233
-
10
247
Disposals
(3)
(32)
-
(4)
(39)
Reclassifications
-
4
-
(4)
-
Depreciation at 31 March 2006 39 2,552 -90 2,681
Depreciation charge for the year (i) 3 212 -12 227
Disposal of business (18) (248) -(1) (267)
Other disposals -(27) -(5) (32)
Reclassifications - - - - -
Depreciation at 31 March 2007
24
2,489
-
96
2,609
Net book value at 31 March 2007
123
3,924
730
16
4,793
Net book value at 31 March 2006
115
3,737
654
14
4,520
(i) Includes amounts in respect of discontinued operations of £1m (2006: £5m).
The net book value of land and buildings comprised:
2007
2006
£m
£m
Freehold
102
93
Long leasehold (over 50 years)
3
3
Short leasehold (under 50 years)
18
19
123
115
The cost of property, plant and equipment at 31 March 2007 included £466m (2006: £434m) relating to interest capitalised.
Included within trade and other payables and other non-current liabilities at 31 March 2007 are contributions to the cost of
property, plant and equipment amounting to £2m (2006: £4m) and £124m (2006: £111m) respectively.
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