BT 1997 Annual Report Download - page 46

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NOTES TO THE FINANCIAL STATEMENTS
46
Assets in
course
Land and Plant and of con-
buildings (a) equipment struction Total
11. Tangible fixed assets (continued) £m £m £m £m
Company
Cost
Balances at 1 April 1996 776 26,046 806 27,628
Additions 6 537 1,795 2,338
Transfers 33 1,731 (1,764) –
Other disposals and adjustments (19) (960) (64) (1,043)
Total cost at 31 March 1997 796 27,354 773 28,923
Depreciation
Balances at 1 April 1996 369 13,056 – 13,425
Charge for the year 35 1,948 – 1,983
Other disposals and adjustments (13) (882) – (895)
Total depreciation at 31 March 1997 391 14,122 – 14,513
Net book value at 31 March 1997 405 13,232 773 14,410
Engineering stores – – 83 83
Total tangible fixed assets at 31 March 1997 405 13,232 856 14,493
Net book value at 31 March 1996 407 12,990 806 14,203
Engineering stores – – 110 110
Total tangible fixed assets at 31 March 1996 407 12,990 916 14,313
Group Company
1997 1996 1997 1996
£m £m £m £m
(a) The net book value of land and buildings comprised:
Freehold 1,317 1,255 239 218
Long leases (over 50 years unexpired) 53 101 53 60
Short leases 115 149 113 129
Total net book value of land and buildings 1,485 1,505 405 407