Vodafone 2001 Annual Report Download - page 38

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36
Vodafone Group Plc
Annual Report & Accounts
for the year ended
31 March 2001
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued
8 Intan gible fixed assets
Licence and
Goodwill spectrum fees Total
£m £m £m
Cost
1 April 2000 22,197 724 22,921
Exchange movements 2,561 59 2,620
Acquisitions (note 22) 87,185 104 87,289
Additions – 13,210 13,210
Reclassifications from associated undertakings (note 10) 11,490 – 11,490
Disposals (18,963) – (18,963)
–––––––– –––––––– ––––––––
31 March 2001 104,470 14,097 118,567
–––––––– –––––––– ––––––––
Amortisation
1 April 2000 686 29 715
Exchange movements 11 2 13
Charge for the year 9,585 24 9,609
Disposals (609) – (609)
–––––––– –––––––– ––––––––
31 March 2001 9,673 55 9,728
–––––––– –––––––– ––––––––
Net book value
31 March 2001 94,797 14,042 108,839
–––––––– –––––––– ––––––––
31 March 2000 21,511 695 22,206
–––––––– –––––––– ––––––––
For acquisitions of subsidiary undertakings and customer bases prior to 1 April 1998, the cumulative goodwill written off to reserves,
net of the goodwill attributed to business disposals, was £698m and £28m, respectively, at 31 March 2001 (2000 – £698m and £28m).
9 Tangible fixed assets
Land Equipment, Network
and fixtures and infra-
buildings fittings structure Total
£m £m £m £m
Cost
1 April 2000 295 1,006 6,716 8,017
Exchange movements 37 (212) 223 48
Acquisitions (note 22) 315 2,059 2,466 4,840
Additions 156 1,146 2,756 4,058
Disposals of businesses (182) (617) (2,264) (3,063)
Disposals (37) (431) (114) (582)
Reclassifications 4 (79) 75 –
–––––––– –––––––– –––––––– ––––––––
31 March 2001 588 2,872 9,858 13,318
–––––––– –––––––– –––––––– ––––––––
Accumulated depreciation and impairment
1 April 2000 35 356 1,319 1,710
Exchange movements 1 12 (28) (15)
Charge for the year 49 490 1,054 1,593
Impairment loss 10 3 27 40
Disposals of businesses (18) (64) (226) (308)
Disposals (12) (218) (58) (288)
–––––––– –––––––– –––––––– ––––––––
31 March 2001 65 579 2,088 2,732
–––––––– –––––––– –––––––– ––––––––
Net book value
31 March 2001 523 2,293 7,770 10,586
–––––––– –––––––– –––––––– ––––––––
31 March 2000 260 650 5,397 6,307
–––––––– –––––––– –––––––– ––––––––
The net book value of land and buildings comprises freeholds of £323m (2000 – £195m), long leaseholds of £114m (2000 – £10m) and
short leaseholds of £86m (2000 – £55m). The net book value of network infrastructure includes £225m (2000 – £147m) in respect of
assets held under finance leases (see note 23).
Network infrastructure at 31 March 2001 comprises: Short term Equipment,
Freehold leasehold fixtures and
premises premises fittings Total
£m £m £m £m
Cost 48 901 8,909 9,858
Accumulated depreciation 7 153 1,928 2,088
–––––––– –––––––– –––––––– ––––––––
Net book value 41 748 6,981 7,770
–––––––– –––––––– –––––––– ––––––––
31 March 2000
Net book value 36 405 4,956 5,397
–––––––– –––––––– –––––––– ––––––––