Tesco 2001 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2001 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

28 TESCO PLC
NOTE 12 Tangible fixed assets
Plant equipment
fixtures and
Land and fittings and
buildings vehicles Total
£m £m £m
Cost
At 26 February 2000 8,005 2,808 10,813
Currency translation 17 8 25
Additions at cost (a) 1,509 435 1,944
9,531 3,251 12,782
Disposals (60) (39) (99)
At 24 February 2001 9,471 3,212 12,683
Depreciation
At 26 February 2000 1,036 1,637 2,673
Currency translation 123
Charge for period 202 266 468
1,239 1,905 3,144
Disposals (9) (32) (41)
At 24 February 2001 1,230 1,873 3,103
Net book value (b) (c)
At 24 February 2001 8,241 1,339 9,580
At 26 February 2000 6,969 1,171 8,140
Capital work in progress included above (d)
At 24 February 2001 301 29 330
At 26 February 2000 189 49 238
a Includes £52m in respect of interest capitalised principally relating to land and
building assets. The capitalisation rate used to determine the amount of finance
costs capitalised during the period was 7.0%.
b Net book value includes capitalised interest at 24 February 2001 of £354m
(2000 – £319m).
Plant, equipment, fixtures and fittings and vehicles subject to finance leases included
in net book value are:
Net book
Cost Depreciation value
£m £m £m
At 26 February 2000 276 227 49
Movement in the period 39 39 –
At 24 February 2001 315 266 49
c The net book value of land and buildings comprises:
2001 2000
£m £m
Freehold 7,200 6,022
Long leasehold – 50 years or more 586 553
Short leasehold – less than 50 years 455 394
At 24 February 2001 8,241 6,969
d Capital work in progress does not include land.
NOTES TO THE FINANCIAL STATEMENTS continued