BT 2000 Annual Report Download - page 77

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17. Tangible ®xed assets (continued)
Land and
buildings(a)
£m
Plant and
equipment
£m
Assets in
course of
construction
£m
Total
£m
Company
Cost
Balances at 1 April 1999 971 27,090 974 29,035
Additions 8 421 2,388 2,817
Transfers 110 1,923 (2,033) ±
Transfers to subsidiary companies and joint ventures (3) (744) (125) (872)
Disposals and adjustments 7 (791) (177) (961)
Total cost at 31 March 2000 1,093 27,899 1,027 30,019
Depreciation
Balances at 1 April 1999 402 13,663 ± 14,065
Charge for the year 39 2,241 ± 2,280
Transfers to subsidiary companies and joint ventures ± (452) ± (452)
Disposals and adjustments 10 (794) ± (784)
Total depreciation at 31 March 2000 451 14,658 ± 15,109
Net book value at 31 March 2000 642 13,241 1,027 14,910
Engineering stores ± ± 66 66
Total tangible ®xed assets at 31 March 2000 642 13,241 1,093 14,976
Net book value at 31 March 1999 569 13,427 974 14,970
Engineering stores ± ± 52 52
Total tangible ®xed assets at 31 March 1999 569 13,427 1,026 15,022
Group Company
2000
£m
1999
£m
2000
£m
1999
£m
(a) The net book value of land and buildings comprised:
Freehold 1,327 1,317 365 331
Long leases (over 50 years unexpired) 182 126 120 106
Short leases 202 181 157 132
Total net book value of land and buildings 1,711 1,624 642 569
Group
2000
£m
1999
£m
(b) Expenditure on tangible ®xed assets comprised:
Plant and equipment
Transmission equipment 1,563 1,416
Exchange equipment 413 411
Other network equipment 703 558
Computers and of®ce equipment 502 464
Motor vehicles and other 257 230
Land and buildings 229 205
Increase (decrease) in engineering stores 13 (15)
Total expenditure on tangible ®xed assets 3,680 3,269
Notes to the financial statements
76 Annual report and Form 20-F