National Grid 2016 Annual Report Download - page 125
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11. Property, plant and equipment continued
Land and
buildings
£m
Plant and
machinery
£m
Assets
in the
course of
construction
£m
Motor
vehicles
and office
equipment
£m
Total
£m
Cost at 1 April 2014 2,248 46,425 4,024 853 53,550
Exchange adjustments 132 2,019 82 47 2,280
Additions 55 544 2,514 150 3,263
Disposals (30) (334) (1) (74) (439)
Reclassifications1105 1,981 (2,10 4) 8(10)
Cost at 31 March 2015 2,510 50,635 4,515 984 58,644
Exchange adjustments 41 669 20 23 753
Additions 60 801 2,686 126 3,673
Disposals (26) (393) (78) (62) (559)
Reclassifications1173 3,060 (3,269) 100 64
Cost at 31 March 2016 2,758 54,772 3,874 1,171 62,575
Accumulated depreciation at 1 April 2014 (436) (15,350) –(585) (16,371)
Exchange adjustments (15) (533) –(29) (577)
Depreciation charge for the year2(82) (1,138) –(143) (1,363)
Disposals 7307 –74 388
Reclassifications1(4) 1 – 5 2
Accumulated depreciation at 31 March 2015 (530) (16,713) –(678) (17, 921)
Exchange adjustments (32) (168) –(10) (210)
Depreciation charge for the year2(79) (1,273) –(116) (1,468)
Disposals 6386 –61 453
Reclassifications1(5) (60) – – (65)
Accumulated depreciation at 31 March 2016 (640) (17,828) –(743) (19,211)
Net book value at 31 March 2016 2,118 36,944 3,874 428 43,364
Net book value at 31 March 2015 1,980 33,922 4,515 306 40,723
1. Represents amounts transferred between categories, (to)/from other intangible assets (see note 10) and reclasses between cost and accumulated depreciation of £64m (2015: £nil).
2. Includes amounts in respect of capitalised depreciation of £1m (2015: £2m).
2016
£m
2015
£m
Information in relation to property, plant and equipment
Capitalised interest included within cost 1,622 1,506
Net book value of assets held under finance leases (all relating to motor vehicles and office equipment) 226 184
Additions to assets held under finance leases (all relating to motor vehicles and office equipment) 87 61
Contributions to cost of property, plant and equipment included within:
Trade and other payables 47 47
Non-current liabilities 1,649 1,569
12. Other non-current assets
Other non-current assets include assets that do not fall into any other non-current asset category (such as goodwill or property, plant and
equipment) and the benefit to be received from the asset is not due to be received until after 31 March 2017.
2016
£m
2015
£m
Commodity contract assets 10 29
Other receivables 37 39
Prepayments 35 12
82 80
Financial Statements
123National Grid Annual Report and Accounts 2015/16 Financial Statements