Tesco 2002 Annual Report Download - page 28

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26 TESCO PLC notes to the financial statements continued
NOTE 12 Intangible fixed assets
Goodwill
£m
Cost
At 24 February 2001 174
Additions at cost (a) 10
At 23 February 2002 184
Amortisation
At 24 February 2001 20
Charge for the period 10
At 23 February 2002 30
Net carrying value
At 23 February 2002 154
At 24 February 2001 154
(a) Goodwill arising from investments in subsidiaries in the year has been capitalised and amortised over 20 years in accordance with the provisions of FRS 10,
‘Goodwill and Intangible Assets’.
Goodwill arising from investments in joint ventures and associates has been capitalised and amortised over 20 years in accordance with the
provisions of FRS 9, ‘Associates and Joint Ventures’ and FRS 10, ‘Goodwill and Intangible Assets’ and is included in fixed asset investment
additions (note 14).
NOTE 13 Tangible fixed assets
Plant, equipment,
fixtures and
Land and fittings and
buildings motor vehicles Total
£m £m £m
Cost
At 24 February 2001 9,471 3,212 12,683
Currency translation (4) (1) (5)
Additions at cost (a) 1,491 536 2,027
10,958 3,747 14,705
Acquisitions 8–8
Disposals (117) (86) (203)
At 23 February 2002 10,849 3,661 14,510
Depreciation
At 24 February 2001 1,230 1,873 3,103
Charge for period 208 316 524
1,438 2,189 3,627
Disposals (73) (76) (149)
At 23 February 2002 1,365 2,113 3,478
Net book value (b) (c)
At 23 February 2002 9,484 1,548 11,032
At 24 February 2001 8,241 1,339 9,580
Capital work in progress included above (d)
At 23 February 2002 348 73 421
At 24 February 2001 301 29 330