BT 1998 Annual Report Download - page 57

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N O T E S T O TH E F I N A N C I A L S TAT E M E N T
Group Company
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1998 1997 1998 1997
14. Tangible fixed assets (continued) £m £m £m £m
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(a) The net book value of land and buildings comprised:
Freehold 1,281 1,317 312 239
Long leases (over 50 years unexpired) 92 53 73 53
Short leases 160 115 120 113
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Total net book value of land and buildings 1,533 1,485 505 405
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(b) Expenditure on tangible fixed assets comprised: Group
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1998 1997
£m £m
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Plant and equipment:
Transmission equipment 1,219 1,131
Exchange equipment 512 445
Other network equipment 502 503
Computers and office equipment 372 350
Motor vehicles and other 230 175
Land and buildings 211 143
Decrease in engineering stores (16) (28)
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Total expenditure on tangible fixed assets 3,030 2,719
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