Vodafone 2002 Annual Report Download - page 95

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Notes to the Consolidated Financial Statements Vodafone Group Plc 93Annual Report & Accounts and Form 20-F
12. Tangible fixed assets
Land Equipment, Network
and fixtures infra-
buildings and fittings structure Total
£m £m £m £m
Cost
1 April 2001 588 2,872 9,858 13,318
Exchange movements (40) (392) (792) (1,224)
Acquisitions of businesses 346 700 6,679 7,725
Additions 37 1,361 3,305 4,703
Disposals (53) (219) (999) (1,271)
Reclassifications (20) (91) 111 –
31 March 2002 858 4,231 18,162 23,251
Accumulated depreciation and impairment
1 April 2001 65 579 2,088 2,732
Exchange movements (14) (40) (322) (376)
Charge for the year 77 761 2,042 2,880
Amounts written off –41 –41
Disposals (21) (62) (484) (567)
Reclassifications 15 (109) 94 –
31 March 2002 122 1,170 3,418 4,710
Net book value
31 March 2002 736 3,061 14,744 18,541
31 March 2001 523 2,293 7,770 10,586
The net book value of land and buildings comprises freeholds of £499m (2001: £323m), long leaseholds of £80m (2001: £114m) and short leaseholds of
£157m (2001: £86m). The net book value of equipment, fixtures and fittings includes £5m (2001: £Nil), and the net book value of network infrastructure
includes £468m (2001: £225m) in respect of assets held under finance leases (see note 27).
Network infrastructure at 31 March 2002 comprises:
Short-term Equipment,
Freehold leasehold fixtures
premises premises and fittings Total
£m £m £m £m
Cost 654 1,227 16,281 18,162
Accumulated depreciation 151 283 2,984 3,418
Net book value 503 944 13,297 14,744
31 March 2001
Net book value 41 748 6,981 7,770