Peachtree 2015 Annual Report Download - page 133
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The Sage Group plc | Annual Report & Accounts 2015 131
FINANCIAL STATEMENTSGOVERNANCESTRATEGIC REPORT
Land and
buildings
£m
Plant and
equipment
£m
Motor vehicles
and office
equipment
£m
Total
£m
Cost at 1 October 2014 92.5 141.7 49.9 284.1
– Additions 0.1 11.3 5.0 16.4
– Disposals – (6.5) (2.3) (8.8)
– Acquisition of subsidiaries – 1.0 – 1.0
– Exchange movement (1.3) (4.0) 1.7 (3.6)
At 30 September 2015 91.3 143.5 54.3 289.1
Accumulated depreciation at 1 October 2014 15.2 106.8 35.4 157.4
– Charge for the year 1.3 12.8 4.1 18.2
– Disposals – (6.1) (0.6) (6.7)
– Exchange movement (2.3) (0.7) 0.5 (2.5)
At 30 September 2015 14.2 112.8 39.4 166.4
Net book amount at 30 September 2015 77.1 30.7 14.9 122.7
Assets held under finance leases with a net book value of £1.0m (2014: £1.5m) are included in the above table.
Land and
buildings
£m
Plant and
equipment
£m
Motor vehicles
and office
equipment
£m Total
£m
Cost at 1 October 2013 94.1 141.6 54.1 289.8
– Additions 2.3 11.6 5.8 19.7
– Disposals (2.8) (8.8) (7.2) (18.8)
– Acquisition of subsidiaries – – 0.2 0.2
– Exchange movement (1.1) (2.7) (3.0) (6.8)
At 30 September 2014 92.5 141.7 49.9 284.1
Accumulated depreciation at 1 October 2013 15.3 106.4 39.3 161.0
– Charge for the year 3.0 11.0 4.0 18.0
– Disposals (2.6) (8.4) (5.9) (16.9)
– Exchange movement (0.5) (2.2) (2.0) (4.7)
At 30 September 2014 15.2 106.8 35.4 157.4
Net book amount at 30 September 2014 77.3 34.9 14.5 126.7
Depreciation expenses of £18.2m (2014: £18.0m) have been charged through selling and administrative expenses (note 3.2).
8 Working capital
This note provides the amounts invested by the Group in working capital balances at the end of the financial year. Working capital
is made up of inventories, trade and other receivables and trade and other payables.
Inventories mainly consist of warehouse stock of Sage products, awaiting shipment to business partners or distributors. Trade and
other receivables are made up of amounts owed to the Group by customers and amounts that we pay to our suppliers in advance.
Trade receivables are shown net of an allowance for bad and doubtful debts. Our trade and other payables are amounts we owe to
our suppliers that have been invoiced to us or accrued by us. They also include taxes and social security amounts due in relation to
our role as an employer.
This note also gives some additional detail on the age and recoverability of our trade receivables, which provide an understanding
of the credit risk faced by the Group as a part of everyday trading. Credit risk is further disclosed in the Directors’ Report.