BT 2009 Annual Report Download - page 108

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ADDITIONAL INFORMATION FINANCIAL STATEMENTS REPORT OF THE DIRECTORS BUSINESS AND FINANCIAL REVIEWS OVERVIEW
FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS – NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
106 BT GROUP PLC ANNUAL REPORT & FORM 20-F
12. Property, plant and equipment
Network Assets in
Land and infrastructure course of
buildingsa,b equipmentbOthercconstruction Total
£m £m £m £m £m
Cost
At 1 April 2007 1,115 36,849 2,220 1,013 41,197
Additions 18 250 225 2,031 2,524
Acquisition through business combinations 12 237 35 – 284
Transfers 39 1,794 2 (1,835) –
Disposals and adjustments (5) (409) (371) 9 (776)
Exchange differences 30 396 83 22 531
At 1 April 2008 1,209 39,117 2,194 1,240 43,760
Additions 8 238 187 1,813 2,246
Acquisition through business combinations 1 3 6 – 10
Transfers 16 2,045 19 (2,080) –
Disposals and adjustments 3 (373) (169) (71) (610)
Impairmentsd– (121) (8) (18) (147)
Exchange differences 58 652 149 26 885
At 31 March 2009 1,295 41,561 2,378 910 46,144
Accumulated depreciation
At 1 April 2007 426 24,233 1,577 – 26,236
Charge for the year 55 2,127 228 – 2,410
Acquisition through business combinations 5 167 26 – 198
Disposals and adjustments (4) (404) (327) – (735)
Exchange differences 18 281 70 – 369
At 1 April 2008 500 26,404 1,574 – 28,478
Charge for the year 56 1,928 265 – 2,249
Acquisition through business combinations 1 3 4 – 8
Disposals and adjustments 4 (395) (209) – (600)
Exchange differences 30 476 126 – 632
At 31 March 2009 591 28,416 1,760 – 30,767
Carrying amount
At 31 March 2009 704 13,145 618 910 15,377
Engineering stores – – – 28 28
Total at 31 March 2009 704 13,145 618 938 15,405
At 31 March 2008 709 12,713 620 1,240 15,282
Engineering stores – – – 25 25
Total at 31 March 2008 709 12,713 620 1,265 15,307
2009 2008
£m £m
aThe carrying amount of land and buildings, including leasehold improvements, comprised:
Freehold 451 412
Long leases (over 50 years unexpired) 30 21
Short leases 223 276
Total land and buildings 704 709
bThe carrying amount of the group’s property, plant and equipment includes an amount of £216m (2008: £275m) in respect of assets held under finance leases, comprising land and buildings of £76m
(2008: £80m) and network infrastructure and equipment of £140m (2008: £195m). The depreciation charge on those assets for 2009 was £49m (2008: £86m), comprising land and buildings of £3m
(2008: £3m) and network infrastructure and equipment of £46m (2008: £83m).
cOther mainly comprises motor vehicles and computers.
dImpairment charges of £147m were recognised in 2009, comprising BT Global Services restructuring charges of £129m and £18m in relation to the review of the 21CN programme and associated voice
strategy. All impairment losses were recognised in the income statement. The recoverable amount of the impaired assets is equal to their value in use.
FINANCIAL STATEMENTS