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Notes to the financial statementsNotes to the financial statements

Notes to the financial statements

Notes Contents
Page 15 of 35

15. Property, plant and equipment

  Short
leasehold property
£m		   Furniture, fixtures and equipment
£m		   Motor
vehicles
£m		   Total
£m
Cost              
As at 1 April 2008 17   135   1   153
Additions on acquisition of subsidiaries (note 13(a)) –   1   –   1
Additions 2   34   –   36
Disposals (1)   (1)   –   (2)
Exchange adjustments 2   37   –   39
As at 31 March 2009 20   206   1   227
Depreciation              
As at 1 April 2008 7   91   –   98
Charge for the year 1   21   1   23
Disposals –   (1)   –   (1)
Exchange adjustments 1   29   –   30
As at 31 March 2009 9   140   1   150
Net book value              
As at 31 March 2009 11   66   –   77

No assets are held under finance leases. Leasehold property includes £1m of property held as freehold.

  Short
leasehold property
£m		 Furniture,
fixtures and
equipment
£m		 Motor
vehicles
£m		 Total
£m
Cost        
As at 1 April 2007 16 116 1 133
Additions on acquisition of subsidiaries – 1 – 1
Additions 1 18 – 19
Disposals – (2) – (2)
Exchange adjustments – 2 – 2
As at 31 March 2008 17 135 1 153
Depreciation        
As at 1 April 2007 5 71 – 76
Charge for the year 2 20 – 22
Disposals – (2) – (2)
Exchange adjustments – 2 – 2
As at 31 March 2008 7 91 – 98
Net book value        
As at 31 March 2008 10 44 1 55
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Notes Contents
Page 15 of 35