BT 2002 Annual Report Download - page 107

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21. Tangible ®xed assets
Land and
buildings
a
£m
Plant and
equipment
£m
Assets
in course of
construction
£m
Total
£m
Cost
1 April 2001 3,480 35,456 1,966 40,902
Acquisitions of subsidiary undertakings ± 7 ± 7
Additions 42 871 3,005 3,918
Transfers 44 2,726 (2,770) ±
Demerged with mmO2 (625) (4,447) (1,018) (6,090)
Disposal of subsidiary undertakings ± (328) ± (328)
Other disposals and adjustments (1,957) (1,540) ± (3,497)
Total cost at 31 March 2002 984 32,745 1,183 34,912
Depreciation
1 April 2001 1,566 17,775 ± 19,341
Acquisitions of subsidiary undertakings ± 1 ± 1
Charge for the year ± depreciation 123 3,265 ± 3,388
Charge for the year ± impairment
c
± 292 ± 292
Demerged with mmO2 (182) (1,692) ± (1,874)
Disposal of subsidiary undertakings ± (130) ± (130)
Other disposals and adjustments (1,094) (1,036) ± (2,130)
Total depreciation at 31 March 2002 413 18,475 ± 18,888
Net book value at 31 March 2002 571 14,270 1,183 16,024
Engineering stores ± ± 54 54
Total tangible ®xed assets at 31 March 2002 571 14,270 1,237 16,078
Net book value at 31 March 2001 1,914 17,681 1,966 21,561
Engineering stores ± ± 64 64
Total tangible ®xed assets at 31 March 2001 1,914 17,681 2,030 21,625
2002
£m
2001
£m
a
The net book value of land and buildings comprised:
Freehold 343 1,514
Long leases (over 50 years unexpired) 34 170
Short leases 194 230
Total net book value of land and buildings 571 1,914
2002
£m
2001
£m
b
Expenditure on tangible ®xed assets comprised:
Plant and equipment
Transmission equipment 1,373 1,655
Exchange equipment 428 478
Other network equipment 694 918
Computers and of®ce equipment 273 407
Motor vehicles and other 189 231
Land and buildings 153 171
Increase (decrease) in engineering stores (10) (3)
Total continuing activities 3,100 3,857
Plant and equipment
Transmission equipment 380 640
Exchange equipment ±1
Other network equipment 262 262
Computers and of®ce equipment 113 167
Motor vehicles and other 28 20
Land and buildings 25 39
Total discontinued activities 808 1,129
Total expenditure on tangible ®xed assets 3,908 4,986
c
The impairment includes £29 million in relation to the write down of street payphones and £263 million in relation to BT Ignite's European activities
(see note 20).
Notes to the financial statements
106 BT Group Annual Report and Form 20-F 2002