Notes to the Accounts
13. Tangible fixed assets
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| all figures in £ millions | freehold and leasehold property |
plant and equipment |
assets in course of construction |
total |
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| Cost | ||||
| At 31 December 2000 | 301 | 676 | 2 | 979 |
| Exchange differences | 3 | 3 | – | 6 |
| Reclassifications | (5) | 6 | (1) | – |
| Owned by subsidiary undertakings acquired | 5 | 6 | – | 11 |
| Capital expenditure | 41 | 123 | 7 | 171 |
| Owned by subsidiary undertakings disposed | (1) | (10) | – | (11) |
| Disposals | (28) | (85) | (1) | (114) |
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| At 31 December 2001 | 316 | 719 | 7 | 1,042 |
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| Depreciation | ||||
| At 31 December 2000 | (92) | (363) | – | (455) |
| Exchange differences | (1) | (1) | – | (2) |
| Reclassifications | 2 | (2) | – | – |
| Provided in the year | (14) | (111) | – | (125) |
| Owned by subsidiary undertakings acquired | – | (6) | – | (6) |
| Owned by subsidiary undertakings disposed | – | 4 | – | 4 |
| Disposals | 15 | 69 | – | 84 |
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| At 31 December 2001 | (90) | (410) | – | (500) |
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| Net book value | ||||
| At 31 December 2000 | 209 | 313 | 2 | 524 |
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| At 31 December 2001 | 226 | 309 | 7 | 542 |
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Freehold and leasehold property
Net book value includes: freehold of £150m (2000: £154m) and short leases
of £76m (2000: £55m).
Capital commitments The Group
had capital commitments for fixed assets, including finance leases, already
under contract amounting to £15m at 31 December 2001 (2000: £24m).
Other notes The net book value
of Group tangible fixed assets includes £10m (2000: £11m) in respect of
assets held under finance leases. Depreciation on these assets charged
in 2001 was £5m (2000: £1m).
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