BT 2014 Annual Report Download - page 151
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148 Financial statements
13. Property, plant and equipment
Land and
buildings
£m
Network
a infrastructure
£m
a Other
£m
Assets in
course of
b construction
£m
Total
£m
Cost
At 1 April 2012 1,302 43,777 2,185 728 47,992
Additionsc21 207 99 1,666 1,993
Acquisitions 4 2 2 1 9
Transfers 10 1,661 4 (1,675) –
Disposals and adjustments (85) (428) (103) (3) (619)
Exchange dierences 847 12 168
At 1 April 2013 1,260 45,266 2,199 718 49,443
Additionsc34 205 119 1,487 1,845
Transfers 3 1,531 3 (1,537) –
Disposals and adjustmentsd(80) (1,693) (370) (9) (2,152)
Exchange dierences (26) (239) (29) (9) (303)
At 31 March 2014 1,191 45,070 1,922 650 48,833
Accumulated depreciation
At 1 April 2012 747 31,115 1,824 – 33,686
Charge for the year 73 1,977 144 – 2,194
Acquisitions – – 2 – 2
Disposals and adjustments (79) (413) (82) – (574)
Exchange dierences 637 12 –55
At 1 April 2013 747 32,716 1,900 – 35,363
Charge for the year 57 1,951 104 – 2,112
Disposals and adjustmentsd(82) (1,734) (356) – (2,172)
Exchange dierences (16) (204) (22) –(242)
At 31 March 2014 706 32,729 1,626 –35,061
Carrying amount
At 31 March 2014 485 12,341 296 650 13,772
Engineering stores – – – 68 68
Total at 31 March 2014 485 12,341 296 718 13,840
At 31 March 2013 513 12,550 299 718 14,080
Engineering stores – – – 73 73
Total at 31 March 2013 513 12,550 299 791 14,153
At 31 March
2014
£m
2013
£m
The carrying amount of land and buildings, including leasehold improvements, comprised
Freehold 233 230
Leasehold 252 283
Total land and buildings 485 513
a The carrying amount of the groupos property, plant and eTuipment includes an amount of £95m (201213: £100m) in respect of assets held under Ƭnance leases, comprising land and buildings of £60m
(201213: £59m) and network infrastructure of £35m (201213: £41m). The depreciation expense on those assets in 201314 was £22m (201213: £19m), comprising land and buildings of £4m
(201213: £3m) and network infrastructure of £18m (201213: £16m). Within network infrastructure are assets with net book value of £7.4bn which have useful economic lives of more than 18 years.
b Other mainly comprises motor vehicles, computers and oƯce eTuipment.
c Net of government grants of £126m (201213: £15m).
d Fully depreciated assets in the groupos Ƭxed asset register were reviewed during the year, as part of the groupos annual asset veriƬcation exercise, and certain assets that were no longer in use have been
written out, reducing cost and accumulated depreciation by £1.4bn.