BT 2012 Annual Report Download - page 125
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122 Financial statements
Notes to the consolidated financial statements
14. Property, plant and equipment
Network
infrastructure Assets in
Land and and other course of
buildingsaequipmentaOtherbconstruction Total
£m £m £m £m £m
Cost
At 1 April 2010 1,379 42,080 2,151 807 46,417
Additions 11 197 180 1,690 2,078
Interest on qualifying assetsc–––22
Transfers 17 1,729 1 (1,747) –
Disposals and adjustments (2) (1,350) (77) (13) (1,442)
Exchange differences (6) (39) (8) (3) (56)
At 1 April 2011 1,399 42,617 2,247 736 46,999
Additions 21 251 137 1,727 2,136
Interest on qualifying assetsc–––11
Transfers 7 1,720 1 (1,728) –
Disposals and adjustments (104) (603) (166) (4) (877)
Exchange differences (21) (208) (34) (4) (267)
At 31 March 2012 1,302 43,777 2,185 728 47,992
Accumulated depreciation
At 1 April 2010 725 29,201 1,706 – 31,632
Charge for the year 63 2,019 206 – 2,288
Disposals and adjustments (13) (1,316) (98) – (1,427)
Exchange differences (3) (24) (7) – (34)
At 1 April 2011 772 29,880 1,807 – 32,459
Charge for the year 64 2,011 202 – 2,277
Disposals and adjustments (73) (605) (155) – (833)
Exchange differences (16) (171) (30) – (217)
At 31 March 2012 747 31,115 1,824 – 33,686
Carrying amount
At 31 March 2012 555 12,662 361 728 14,306
Engineering stores – – – 82 82
Total at 31 March 2012 555 12,662 361 810 14,388
At 31 March 2011 627 12,737 440 736 14,540
Engineering stores – – – 83 83
Total at 31 March 2011 627 12,737 440 819 14,623
2012 2011
£m £m
The carrying amount of land and buildings, including leasehold improvements, comprised:
Freehold 257 276
Leasehold 298 351
Total land and buildings 555 627
aThe carrying amount of the group’s property, plant and equipment includes an amount of £113m (2011: £140m) in respect of assets held under finance leases, comprising land and buildings of
£62m (2011: £71m) and network infrastructure and equipment of £51m (2011: £69m). The depreciation expense on those assets in 2012 was £29m (2011: £33m), comprising land and buildings of
£3m (2011: £3m) and network infrastructure and equipment of £26m (2011: £30m).
bOther mainly comprises motor vehicles and computers.
cAdditions to assets in the course of construction in 2012 include interest capitalised at a weighted average borrowing rate of 7.3% (2011: 7.8%).
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BusinessStrategy
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