Vodafone 2004 Annual Report Download - page 87

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Annual Report 2004 Vodafone Group Plc
85
12. Tangible fixed assets
Equipment,
Land and fixtures Network
buildings and fittings infrastructure Total
£m £m £m £m
Cost:
1 April 2003 1,170 3,746 24,082 28,998
Exchange movements (30) (266) (389) (685)
Acquisitions 9 31 63 103
Additions 104 1,348 3,299 4,751
Disposals (47) (202) (302) (551)
Japan Telecom disposal (90) (178) (1,784) (2,052)
Reclassifications 98 1,500 (1,598) –
31 March 2004 1,214 5,979 23,371 30,564
Accumulated depreciation and impairment:
1 April 2003 222 1,350 7,852 9,424
Exchange movements (9) (88) (181) (278)
Charge for the year 68 1,117 3,177 4,362
Disposals (10) (143) (131) (284)
Japan Telecom disposal (2) (96) (645) (743)
Reclassifications 24 1,500 (1,524) –
31 March 2004 293 3,640 8,548 12,481
Net book value
31 March 2004 921 2,339 14,823 18,083
31 March 2003 948 2,396 16,230 19,574
The total net book value of land and buildings held by the Group comprises:
2004 2003
£m £m
Freehold premises included in:
– Land & buildings 586 666
– Network infrastructure 284 326
870 992
Long-term leasehold premises included in:
– Land & buildings 115 129
115 129
Short-term leasehold premises included in:
– Land & buildings 220 153
– Network infrastructure 1,348 1,385
1,568 1,538
Total 2,553 2,659
The net book value of equipment, fixtures and fittings and network infrastructure includes £160 million (2003: £378 million) in respect of assets held under
finance leases (see note 26).