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www.barclays.com/annualreport09 Barclays PLC Annual Report 2009 227

23 Property, plant and equipment

Investment Leased

property Property Equipment assets Total

£m £m £m £m £m

2009

Cost

At 1st January 2009 – 3,624 3,944 304 7,872

Acquisitions and disposals of subsidiaries 978 171 5 – 1,154

Disposal of discontinued operations – (120) (99) – (219)

Additions/disposals 137 233 387 (37) 720

Change in fair value of investment properties 6–––6

Fully depreciated assets written off – (6) (17) – (23)

Exchange and other adjustments 86 (72) (23) (201) (210)

At 31st December 2009 1,207 3,830 4,197 66 9,300

Accumulated depreciation and impairment

At 1st January 2009 – (1,011) (2,144) (43) (3,198)

Acquisitions and disposals of subsidiaries ––2–2

Disposal of discontinued operations –3364 –97

Depreciation charge – (201) (565) (20) (786)

Impairment charge – (32) (2) – (34)

Disposals – 46 97 1 144

Fully depreciated assets written off –617–23

Exchange and other adjustments – 31 2 45 78

At 31st December 2009 – (1,128) (2,529) (17) (3,674)

Net book value 1,207 2,702 1,668 49 5,626

2008

Cost

At 1st January 2008 – 2,451 2,995 413 5,859

Acquisitions and disposals of subsidiaries – 992 218 – 1,210

Additions/disposals – 8 570 (109) 469

Fully depreciated assets written off – (15) (7) – (22)

Exchange and other adjustments – 188 168 – 356

At 31st December 2008 – 3,624 3,944 304 7,872

Accumulated depreciation and impairment

At 1st January 2008 – (1,044) (1,804) (15) (2,863)

Acquisitions and disposals of subsidiaries – (8) (12) – (20)

Depreciation charge – (124) (475) (31) (630)

Impairment charge – – (33) – (33)

Disposals – 168 185 3 356

Fully depreciated assets written off – 15 7 – 22

Exchange and other adjustments – (18) (12) – (30)

At 31st December 2008 – (1,011) (2,144) (43) (3,198)

Net book value – 2,613 1,800 261 4,674

Of the depreciation charge for the year £759m (2008: £606m) relates to continuing operations.

The fair value of Barclays investment property is based on valuations supported by appropriately qualified independent valuers.

Leased assets represent assets leased to customers under operating leases.

Certain of the Group’s equipment is held on finance leases, see Note 37.