Vodafone 2008 Annual Report Download - page 109

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11. Property, plant and equipment
Equipment,
Land and fixtures
buildings and fittings Total
£m £m £m
Cost:
1 April 2006 1,112 25,731 26,843
Exchange movements (22) (839) (861)
Arising on acquisition 172 172
Additions 87 3,322 3,409
Transfer to other investments (1) (268) (269)
Disposals (9) (692) (701)
Reclassifications (4) 4
Other 77 77
31 March 2007 1,240 27,430 28,670
Exchange movements 201 3,898 4,099
Arising on acquisition 14 1,150 1,164
Additions 94 3,988 4,082
Disposals (10) (761) (771)
Reclassifications (109) 109
31 March 2008 1,430 35,814 37,244
Accumulated depreciation and impairment:
1 April 2006 353 12,830 13,183
Exchange movements (7) (349) (356)
Charge for the year 72 2,939 3,011
Transfer to other investments (31) (31)
Disposals (4) (605) (609)
Other 28 28
31 March 2007 442 14,784 15,226
Exchange movements 77 2,456 2,533
Charge for the year 79 3,348 3,427
Disposals (10) (667) (677)
Reclassifications (66) 66
31 March 2008 522 19,987 20,509
Net book value:
31 March 2007 798 12,646 13,444
31 March 2008 908 15,827 16,735
The net book value of land and buildings and equipment, fixtures and fittings includes £110 million and £51 million, respectively (2007: £49 million and £116 million)
in relation to assets held under finance leases (see note 24). Included in the net book value of land and buildings and equipment, fixtures and fittings are assets in the
course of construction, which are not depreciated, with a cost of £28 million and £1,013 million, respectively (2007: £13 million and £998 million). Property, plant and
equipment with a net book value of £1,503 million (2007: £73 million) has been pledged as security against borrowings.
Vodafone Group Plc Annual Report 2008 107