Vodafone 2009 Annual Report Download - page 95

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Financials
Vodafone Group Plc Annual Report 2009 93
11. Property, plant and equipment
Equipment
Land and fixtures
buildings and fittings Total
£m £m £m
Cost:
1 April 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
Exchange movements 191 4,775 4,966
Arising on acquisition 15 223 238
Additions 100 4,665 4,765
Disposals (101) (1,450) (1,551)
Transfer to investment in associated undertakings – (298) (298)
Reclassifications (214) 214 –
31 March 2009 1,421 43,943 45,364
Accumulated depreciation and impairment:
1 April 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
Exchange movements 79 2,811 2,890
Charge for the year 91 3,970 4,061
Disposals (17) (1,217) (1,234)
Transfer to investment in associated undertakings – (112) (112)
Reclassifications (92) 92 –
31 March 2009 583 25,531 26,114
Net book value:
31 March 2008 908 15,827 16,735
31 March 2009 838 18,412 19,250
The net book value of land and buildings and equipment, fixtures and fittings includes £106 million and £82 million, respectively (2008: £110 million and £51 million) in
relation to assets held under finance leases. Included in the net book value of land and buildings and equipment, fixtures and f ittings are assets in the course of construction,
which are not depreciated, with a cost of £44 million and £1,186 million, respectively (2008: £28 million and £1,013 million). Property, plant and equipment with a net book
value of £148 million (2008: £1,503 million) has been pledged as security against borrowings.