BT 2003 Annual Report Download - page 106

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21. Tangible fixed assets
Land and
buildings
a
£m
Plant and
equipment
£m
Assets
in course of
construction
£m
Total
£m
Cost
1 April 2002 984 32,745 1,183 34,912
Acquisitions of subsidiary undertakings 48 279 167 494
Additions
b
9 489 1,956 2,454
Transfers 48 2,257 (2,305) –
Disposal of subsidiary undertakings – (8) – (8)
Other disposals and adjustments (147) (1,596) (34) (1,777)
Currency movements 13 180 (9) 184
Total cost at 31 March 2003 955 34,346 958 36,259
Depreciation
1 April 2002 413 18,475 – 18,888
Acquisitions of subsidiary undertakings 2 96 – 98
Charge for the year 66 2,945 – 3,011
Disposal of subsidiary undertakings – (5) – (5)
Other disposals and adjustments (134) (1,537) – (1,671)
Currency movements 5 90 – 95
Total depreciation at 31 March 2003 352 20,064 – 20,416
Net book value at 31 March 2003 603 14,282 958 15,843
Engineering stores – – 45 45
Total tangible fixed assets at 31 March 2003 603 14,282 1,003 15,888
Net book value at 31 March 2002 571 14,270 1,183 16,024
Engineering stores – – 54 54
Total tangible fixed assets at 31 March 2002 571 14,270 1,237 16,078
2003
£m
2002
£m
a
The net book value of land and buildings comprised:
Freehold 374 343
Long leases (over 50 years unexpired) 27 34
Short leases 202 194
Total net book value of land and buildings 603 571
2003
£m
2002
£m
b
Expenditure on tangible fixed assets comprised:
Plant and equipment
Transmission equipment 1,277 1,373
Exchange equipment 228 428
Other network equipment 466 694
Computers and office equipment 281 273
Motor vehicles and other 162 189
Land and buildings 40 153
2,454 3,110
Decrease in engineering stores (9) (10)
Total continuing activities 2,445 3,100
Total discontinued activities – 808
Total expenditure on tangible fixed assets 2,445 3,908
Notes to the financial statements
BT Annual Report and Form 20-F 2003 105