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78 National Grid Gas plc Annual Report and Accounts 2009/10
4. Directors' emoluments
Details of Directors' emoluments are provided in note 3(d) to the consolidated financial statements.
5. Pensions
6. Tangible fixed assets
Assets Motor
in the vehicles
Land and Plant and course of and office
buildings machinery construction equipment Total
£m £m £m £m £m
Cost at 1 April 2009 109 10,024 324 773 11,230
A
dditions 14 352 17 117 500
Disposals (3) (66) - (31) (100)
Reclassifications - 302 (318) 16 -
Cost at 31 March 2010 120 10,612 23 875 11,630
Depreciation at 1 April 2009 (43) (3,804) (1) (572) (4,420)
Depreciation charge for the year (11) (291) (2) (71) (375)
Disposals 3 56 - 31 90
Depreciation at 31 March 2010 (51) (4,039) (3) (612) (4,705)
Net book value at 31 March 2010 69 6,573 20 263 6,925
Net book value at 31 March 2009 66 6,220 323 201 6,810
The net book value of land and buildings comprised:
2010 2009
£m £m
Freehold 48 41
Short leasehold (under 50 years) 21 25
69 66
7. Investments
Shares in
subsidiary
undertakings
£m
Cost and net book value at 31 March 2009 and 31 March 2010 17
The names of the principal subsidiary undertakings are included in note 31 to the consolidated financial statements.
The directors believe that the carrying value of the investments is supported by their underlying net assets.
8. Stock
2010 2009
£m £m
Raw materials and consumables 43 34
The cost of tangible fixed assets at 31 March 2010 included £132m (2009: £124m) relating to interest capitalised.
Included within creditors (amounts falling due within one year) and creditors (amounts falling due after more than one year) are contributions
to the cost of tangible fixed assets amounting to £17m (2009: £17m) and £651m (2009: £655m) respectively.
Substantially all the Company's employees are members of the defined benefit section of the National Grid UK Pension Scheme. There is no
contractual arrangement or stated policy for charging the net defined benefit cost of the scheme to the Company. Accordingly, the Company
accounts for the scheme as if it were a defined contribution scheme.
The disclosures required by FRS 17 are provided in notes 5 and 26 to the consolidated financial statements.