BT 2005 Annual Report Download - page 93

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18. Tangible fixed assets
Land and
buildings
a
£m
Plant and
equipment
b
£m
Assets
in course of
construction
£m
Total
£m
Cost
1 April 2004 929 35,579 820 37,328
Acquisitions of subsidiary undertakings 96 724 23 843
Additions
c
9 601 2,394 3,004
Transfers 49 2,218 (2,267) –
Disposals and adjustments (120) (1,067) (15) (1,202)
Currency movements 2 53 1 56
Total cost at 31 March 2005 965 38,108 956 40,029
Depreciation
1 April 2004 340 21,566 – 21,906
Acquisitions of subsidiary undertakings 41 489 – 530
Charge for the year 45 2,789 – 2,834
Disposals and adjustments (66) (1,053) – (1,119)
Currency movements 1 33 – 34
Total depreciation at 31 March 2005 361 23,824 – 24,185
Net book value at 31 March 2005 604 14,284 956 15,844
Engineering stores – – 72 72
Total tangible fixed assets at 31 March 2005 604 14,284 1,028 15,916
Net book value at 31 March 2004 589 14,013 820 15,422
Engineering stores – – 65 65
Total tangible fixed assets at 31 March 2004 589 14,013 885 15,487
2005
£m
2004
£m
a
The net book value of land and buildings comprised:
Freehold 373 363
Long leases (over 50 years unexpired) 50 13
Short leases 181 213
Total net book value of land and buildings 604 589
b
The net book value of assets held under finance leases included within plant and equipment was £503 million at
31 March 2005 (2004 – £620 million). The depreciation charge for the year to 31 March 2005 on those assets was
£154 million (2004 – £174 million).
2005
£m
2004
£m
c
Expenditure on tangible fixed assets comprised:
Plant and equipment
Transmission equipment 1,488 1,324
Exchange equipment 143 150
Other network equipment 648 585
Computers and office equipment 312 205
Motor vehicles and other 349 316
Land and buildings 64 73
3,004 2,653
Increase in engineering stores 720
Total expenditure on tangible fixed assets 3,011 2,673
92 BT Group plc Annual Report and Form 20-F 2005 Notes to the financial statements