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  Pearson Annual Report 2001    

Notes to the Accounts

   
 

13. Tangible fixed assets



all figures in millions freehold and
leasehold
property
plant and
equipment
assets in
course of
construction
total


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)


At 31 December 2001 316 719 7 1,042


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


At 31 December 2001 (90) (410) (500)


Net book value        
At 31 December 2000 209 313 2 524


At 31 December 2001 226 309 7 542


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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