Notes to the Group financial statements

8 Property, plant and equipment

  Land and buildings Plant, equipment, fixtures and vehicles
£m		 Total
£m
Freehold
£m		 Long leasehold
£m		 Short leasehold
£m
Current year          
Cost          
At 3 February 2008 6,142 339 33 1,165 7,679
Additions at cost 380 8 10 286 684
Interest capitalised 4 – – – 4
Transfer from assets held for sale 9 – – – 9
Transfer to investment properties (6) – – – (6)
Disposals (10) – (15) (2) (27)
At 1 February 2009 6,519 347 28 1,449 8,343

Accumulated depreciation and impairment		          
At 3 February 2008 566 48 21 839 1,474
Charge for the period 110 10 3 161 284
Transfer from assets held for sale 5 – – – 5
Disposals – – (5) (2) (7)
At 1 February 2009 681 58 19 998 1,756

Net book amount at 1 February 2009		 5,838 289 9 451 6,587

Assets under construction included above		 129 26 – 73 228

Included in plant, equipment, fixtures and vehicles are assets held under finance leases at a cost of £22m (2008: £22m). The accumulated depreciation at the end of the financial period was £21m (2008: £19m).

  Land and buildings Plant, equipment, fixtures and vehicles
£m		 Total
£m
Freehold
£m		 Long leasehold
£m		 Short leasehold
£m
Prior year          
Cost          
At 4 February 2007 6,211 417 18 919 7,565
Additions at cost 252 33 9 116 410
Interest capitalised 7 1 – – 8
Reclassification (205) (69) 6 268 –
Transfer from / (to) investment properties 51 (25) – – 26
Transfer to long lease land premium – (10) – – (10)
Disposals (174) (8) – (138) (320)
At 3 February 2008 6,142 339 33 1,165 7,679

Accumulated depreciation and impairment		          
At 4 February 2007 691 47 17 693 1,448
Charge for the period 98 15 4 165 282
Reclassification (108) (10) – 118 –
Transfer from / (to) investment properties 18 (4) – – 14
Disposals (133) – – (137) (270)
At 3 February 2008 566 48 21 839 1,474

Net book amount at 3 February 2008		 5,576 291 12 326 6,205

Assets under construction included above		 91 14 – 22 127

The classification of property, plant and equipment (PPE) was reviewed in the prior year as part of upgrading our systems. As a result of this review, it was deemed appropriate to reclassify certain assets that have historically been regarded as intrinsic to the building structure to ‘fixtures and fittings’ included within plant, equipment, fixtures and vehicles.

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