Telus 2011 Annual Report Download - page 149

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TELUS 2011 ANNUAL REPORT . 145
FINANCIAL STATEMENTS & NOTES: 15
15 PROPERTY, PLANT AND EQUIPMENT
Summary schedule of items comprising property, plant and equipment
Buildings and
leasehold Assets under Assets under
(millions) Network assets improvements finance lease Other Land construction Total
(adjusted –
Note 25(d))
At cost
As at January 1, 2010 $ß22,141 $ß2,244 $ß13 $ß1,644 $ß49 $ß431 $ß26,522
Additions(1) 443 15 10 35 – 840 1,343
Dispositions, retirements and other (568) (13) (2) (182) – – (765)
Reclassifications 675 105 – 53 – (833) –
As at December 31, 2010 22,691 2,351 21 1,550 49 438 27,100
Additions(1) 502 19 1 41 7 887 1,457
Additions arising from business
acquisitions (Note 16(e)) – 11 – 7 – – 18
Dispositions, retirements and other (206) (7) 1 (51) (1) – (264)
Reclassifications 779 99 – 75 – (953) –
As at December 31, 2011 $ß23,766 $ß2,473 $ß23 $ß1,622 $ß55 $ß372 $ß28,311
Accumulated depreciation
As at January 1, 2010 $ß16,040 $ß1,333 $ß 9 $ß1,308 $ß – $ß – $ß18,690
Depreciation 1,088 118 2 131 – – 1,339
Dispositions, retirements and other (573) (8) (1) (178) – – (760)
As at December 31, 2010 16,555 1,443 10 1,261 – – 19,269
Depreciation 1,091 121 2 117 – – 1,331
Dispositions, retirements and other (218) (4) 8 (39) – – (253)
As at December 31, 2011 $ß17,428 $ß1,560 $ß20 $ß1,339 $ß – $ß – $ß20,347
Net book value
As at January 1, 2010 $ß 6,101 $ 911 $ß 4 $ 336 $ß49 $ß431 $ß 7,832
As at December 31, 2010 $ß 6,136 $ 908 $ß11 $ 289 $ß49 $ß438 $ß 7,831
As at December 31, 2011 $ß 6,338 $ 913 $ß 3 $ 283 $ß55 $ß372 $ß 7,964
(1) For the year ended December 31, 2011, additions include $15 (2010 – $12) in respect of asset retirement obligations.
The gross carrying amount of fully depreciated property, plant and
equipment that was still in use as at December 31, 2011, was $3.0 billion
(December 31, 2010 – $3.0 billion; January 1, 2010 – $2.6 billion).
As at December 31, 2011, the Company’s contractual commitments
for the acquisition of property, plant and equipment were $188 million
over a period through to 2013 (December 31, 2010 – $170 million over
a period through to 2013).