Vodafone 2013 Annual Report Download - page 117
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Please find page 117 of the 2013 Vodafone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.13. Property, plant and equipment
We make signicant investments in network equipment and infrastructure – the base stations and technology
required to operate our networks – that form the majority of our tangible assets. All assets are depreciated
over their useful economic lives. For further details on the estimation of useful economic lives, also see “Critical
accounting estimates” on page 87 and “Property, plant and equipment” under signicant accounting policies
on page 131.
Equipment,
Land and xtures
buildings and ttings Total
£m £m £m
Cost:
1 April 2011 1,731 47,038 48,769
Exchange movements (89) (2,933) (3,022)
Arising on acquisition 257
Additions 140 4,562 4,702
Disposals (29) (1,458) (1,487)
Disposals of subsidiaries and joint ventures –(604) (604)
Other (53) (45) (98)
31 March 2012 1,702 46,565 48,267
Exchange movements (16) 96 80
Arising on acquisition 52 1,503 1,555
Additions 143 4,545 4,688
Disposals (30) (2,577) (2,607)
Disposals of subsidiaries and joint ventures (1) (28) (29)
Other 37 (143) (106)
31 March 2013 1,887 49,961 51,848
Accumulated depreciation and impairment:
1 April 2011 709 27,879 28,588
Exchange movements (33) (1,652) (1,685)
Charge for the year 98 4,265 4,363
Impairment losses – 81 81
Disposals (23) (1,252) (1,275)
Disposals of subsidiaries and joint ventures –(400) (400)
Other – (60) (60)
31 March 2012 751 28,861 29,612
Exchange movements 4 197 201
Charge for the year 122 4,131 4,253
Disposals (24) (2,391) (2,415)
Disposals of subsidiaries and joint ventures (1) (14) (15)
Other 31 (150) (119)
31 March 2013 883 30,634 31,517
Net book value:
31 March 2012 951 17, 70 4 18,655
31 March 2013 1,004 19,327 20,331
The net book value of land and buildings and equipment, xtures and ttings includes £62 million and £385 million respectively (2012: £58 million
and £233 million) in relation to assets held under nance leases. Included in the net book value of land and buildings and equipment, xtures
and ttings are assets in the course of construction, which are not depreciated, with a cost of £18 million and £2,377 million respectively (2012:
£28 million and £2,037 million). Property, plant and equipment with a net book value of £913 million (2012: £893 million) has been pledged
as security against borrowings.
115 Vodafone Group Plc
Annual Report 2013
Overview Business
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