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National Grid Electricity Transmission plc Annual Report and Accounts 2006/07
6. Tangible fixed assets
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 2006
154
6,299
658
216
7,327
Capital expenditure
1
5
598
3
607
Disposal of business
(25)
(335)
(1)
(1)
(362)
Other disposals
-
(25)
(1)
(3)
(29)
Reclassifications 18 480 (507) 9-
Cost at 31 March 2007
148
6,424
747
224
7,543
Depreciation at 1 April 2006 39 2,557 -139 2,735
Charge for the year 4 212 -33 249
Disposals (18) (274) -(4) (296)
Depreciation at 31 March 2007
25
2,495
-
168
2,688
Net book value at 31 March 2007
123
3,929
747
56
4,855
Net book value at 31 March 2006
115
3,742
658
77
4,592
The cost of tangible fixed assets (net of disposals) at 31 March 2007 includes £466m (2006: £434m) relating to interest
capitalised.
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
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