Marks and Spencer 2010 Annual Report Download - page 103

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Directors’ report p01
Financial statements
Other information p117
To find out more, visit www.marksandspencer.com/annualreport2010 99
14 Property, plant and equipment
Land and
buildings
£m
Fixtures,
fittings and
equipment
£m
Assets in the
course of
construction
£m
Total
£m
At 29 March 2008
Cost 2,525.2 4,473.3 186.3 7,184.8
Accumulated depreciation (103.8) (2,377.0) – (2,480.8)
Net book value 2,421.4 2,096.3 186.3 4,704.0
Year ended 28 March 2009
Opening net book value 2,421.4 2,096.3 186.3 4,704.0
Exchange difference 26.3 21.4 8.4 56.1
Additions 45.7 395.2 90.4 531.3
Transfers 32.2 142.4 (174.6) –
Disposals (58.4) (17.3) – (75.7)
Depreciation charge (9.2) (372.5) – (381.7)
Closing net book value 2,458.0 2,265.5 110.5 4,834.0
At 28 March 2009
Cost 2,566.6 4,811.9 110.5 7,489.0
Accumulated depreciation (108.6) (2,546.4) – (2,655.0)
Net book value 2,458.0 2,265.5 110.5 4,834.0
Year ended 3 April 2010
Opening net book value 2,458.0 2,265.5 110.5 4,834.0
Exchange difference (9.8) (7.5) 0.4 (16.9)
Additions 14.6 244.3 52.9 311.8
Acquisition of subsidiary – 0.9 –0.9
Reclassification from investment property 2.4 – –2.4
Transfers 6.3 36.3 (42.6) –
Disposals (4.2) (11.8) –(16.0)
Depreciation charge (9.6) (384.6) –(394.2)
Closing net book value 2,457.7 2,143.1 121.2 4,722.0
At 3 April 2010
Cost 2,576.4 5,043.9 121.2 7,741.5
Accumulated depreciation (118.7) (2,900.8) –(3,019.5)
Net book value 2,457.7 2,143.1 121.2 4,722.0
The net book value above includes land and buildings of £38.2m (last year £45.4m) and equipment of £45.4m (last year £58.7m) where the
Group is a lessee under a finance lease.
Additions to property, plant and equipment during the year amounting to £0.1m (last year £32.8m) were financed by new finance leases.