Marks and Spencer 2013 Annual Report Download - page 101

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Financial statements Marks and Spencer Group plc Annual report and financial statements 2013 99
Overview Strategic review Financial review Governance Financial statements and other information
15 Property, plant and equipment
Land and
buildings
£m
Fixtures,
fittings and
equipment
£m
Assets in the
course of
construction
£m
Total
£m
At 2 April 2011
Cost 2,730.0 5,263.2 200.9 8,194.1
Accumulated depreciation (244.0) (3,287.9) – (3,531.9)
Net book value 2,486.0 1,975.3 200.9 4,662.2
Year ended 31 March 2012
Opening net book value 2,486.0 1,975.3 200.9 4,662.2
Additions 17.1 279.5 282.7 579.3
Transfers 25.3 127.9 (153.2) –
Disposals (0.8) (6.8) – (7.6)
Asset write-offs (13.0) (10.4) – (23.4)
Depreciation charge (16.4) (388.4) – (404.8)
Exchange difference (9.4) (6.1) (0.3) (15.8)
Closing net book value 2,488.8 1,971.0 330.1 4,789.9
At 31 March 2012
Cost 2,759.4 5,612.9 330.1 8,702.4
Accumulated depreciation (270.6) (3,641.9) – (3,912.5)
Net book value 2,488.8 1,971.0 330.1 4,789.9
Year ended 30 March 2013
Opening net book value 2,488.8 1,971.0 330.1 4,789.9
Additions 17.3 430.3 186.6 634.2
Transfers 16.1 189.8 (205.9) –
Disposals (0.4) (4.6) – (5.0)
Asset write-offs (0.6) (16.2) – (16.8)
Depreciation charge (11.7) (362.4) – (374.1)
Exchange difference 2.1 1.8 1.6 5.5
Closing net book value 2,511.6 2,209.7 312.4 5,033.7
At 30 March 2013
Cost 2,817.1 6,198.1 312.4 9,327.6
Accumulated depreciation (305.5) (3,988.4) – (4,293.9)
Net book value 2,511.6 2,209.7 312.4 5,033.7
The net book value above includes land and buildings of £41.0m (last year £41.1m) and equipment of £11.1m (last year £20.7m)
where the Group is a lessee under a finance lease.
Additions to property, plant and equipment during the year amounting to £nil (last year £nil) were financed by new finance leases.