Marks and Spencer 2000 Annual Report Download - page 34

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32 Marks and Spencer p.l.c.
Notes to the financial statements
12. GOODWILL
Goodwill arising in the year relates to the Group’s acquisition of a 65% interest in Splendour.com for a cash consideration of £3m.
Net assets at the time of acquisition were £2.7m, including £3m of cash. There were no fair value adjustments. The goodwill is being
amortised on a straight line basis over five years.
13. TANGIBLE FIXED ASSETS
A Tangible fixed assets THE GROUP THE COMPANY
FIT OUT, ASSETS FIT OUT, ASSETS
FIXTURES, IN THE FIXTURES, IN THE
LAND & FITTINGS & COURSE OF LAND & FITTINGS & COURSE OF
BUILDINGS EQUIPMENT CONSTRUCTION TOTAL BUILDINGS EQUIPMENT CONSTRUCTION TOTAL
£m £m £m £m £m £m £m £m
Cost or valuation
At 1 April 1999 3,037.9 2,545.7 115.5 5,699.1 2,698.8 2,034.9 105.5 4,839.2
Additions 85.0 186.6 179.0 450.6 30.3 152.1 101.2 283.6
Transfers 61.2 149.3 (210.5) –59.8 102.1 (161.9) –
Disposals (286.1) (103.0) – (389.1) (253.0) (51.9) – (304.9)
Revaluation surplus 1.8 – – 1.8 1.8––1.8
Differences on exchange (31.1) (21.7) (2.7) (55.5) ––––
At 31 M arch 2000 2,868.7 2,756.9 81.3 5,706.9 2,537.7 2,237.2 44.8 4,819.7
Accumulated depreciation
At 1 April 1999 83.5 1,228.1 – 1,311.6 69.5 940.3 – 1,009.8
Depreciation for the year 14.2 247.4 – 261.6 11.0 201.3 – 212.3
Disposals (1.9) (94.4) – (96.3) (1.3) (49.7) – (51.0)
Differences on exchange (1.2) (10.9) – (12.1) ––––
At 31 M arch 2000 94.6 1,370.2 – 1,464.8 79.2 1,091.9 – 1,171.1
Net book value
At 31 M arch 2000 2,774.1 1,386.7 81.3 4,242.1 2,458.5 1,145.3 44.8 3,648.6
At 1 April 1999 2,954.4 1,317.6 115.5 4,387.5 2,629.3 1,094.6 105.5 3,829.4
Analysis of land & buildings THE GROUP THE COMPANY
LONG SHORT LONG SHORT
FREEHOLD LEASEHOLD LEASEHOLD TOTAL FREEHOLD LEASEHOLD LEASEHOLD TOTAL
£m £m £m £m £m £m £m £m
At valuation 868.3 437.9 13.5 1,319.7 868.3 437.9 13.5 1,319.7
At cost 1,001.7 421.4 125.9 1,549.0 728.5 409.8 79.7 1,218.0
1,870.0 859.3 139.4 2,868.7 1,596.8 847.7 93.2 2,537.7
Accumulated depreciation 19.7 8.5 66.4 94.6 13.7 8.3 57.2 79.2
Net book value
At 31 M arch 2000 1,850.3 850.8 73.0 2,774.1 1,583.1 839.4 36.0 2,458.5
At 1 April 1999 2,071.5 800.4 82.5 2,954.4 1,802.8 786.2 40.3 2,629.3
B Investment properties
Freehold land and buildings include investment properties as follows: THE GROUP THE COMPANY
£m £m
Cost or valuation
At 1 April 1999 284.8 284.8
Disposals (see note 4C) (232.1) (232.1)
Revaluation surplus 1.8 1.8
At 31 M arch 2000 54.5 54.5