Annual report and financial statements 2009
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Notes to the Company financial statements
33 Tangible fixed assets
| Land and buildings | Plant equipment, fixtures and vehicles £m |
Total £m |
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|---|---|---|---|---|---|
| Freehold £m |
Long leasehold £m |
Short leasehold improvements £m |
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| Cost | |||||
| At 3 February 2008 | 2,153 | 272 | 11 | 768 | 3,204 |
| Additions at cost | 218 | 27 | 7 | 169 | 421 |
| Interest capitalised | 4 | – | – | – | 4 |
| Transfer to subsidiary | (12) | – | (4) | (2) | (18) |
| Disposals | (6) | – | – | – | (6) |
| At 1 February 2009 | 2,357 | 299 | 14 | 935 | 3,605 |
| Accumulated depreciation | |||||
| At 3 February 2008 | 419 | 44 | 3 | 505 | 971 |
| Charged in the period | 58 | 8 | – | 72 | 138 |
| At 1 February 2009 | 477 | 52 | 3 | 577 | 1,109 |
| Net book value | |||||
| At 1 February 2009 | 1,880 | 247 | 11 | 358 | 2,496 |
| At 3 February 2008 | 1,734 | 228 | 8 | 263 | 2,233 |
Assets under construction included above |
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| At 1 February 2009 | 129 | 26 | – | 73 | 228 |
| At 3 February 2008 | 64 | 15 | – | 21 | 100 |
Included above is an amount of £706m (2008: £661m) relating to non-depreciable land.
The cost of property assets held as lessor included in the above figures is £235m at 1 February 2009 (2008: £219m). The related accumulated depreciation is £48m (2008: £42m).
Since 3 February 1985, the cost of financing property developments prior to their opening date has been included in the cost of the project. Accumulated interest capitalised is £90m (2008: £86m).