Annual Report and Accounts 2009 - BG Group

12 PROPERTY, PLANT AND EQUIPMENT
THE GROUP
Land and
buildings
£m
Mains, services
and meters
£m
Plant and
machinery
£m
Motor vehicles
and office
equipment
£m
Exploration
and
production
£m
Cost as at 1 January 2009 108 749 3 001 546 13 125 17 529
Additions 14 77 775 198 2 194 3 258
Disposals, transfers and other movements (a) – – (6) (14) 486 466
Currency translation adjustments 2 154 (211) (5) (851) (911)
Cost as at 31 December 2009 124 980 3 559 725 14 954 20 342
Accumulated depreciation as at 1 January 2009 (41) (116) (714) (178) (5 192) (6 241)
Charge for the year (2) (29) (121) (89) (886) (1 127)
Charge for impairment (see note 5, page 87) – – (68) – (90) (158)
Disposals and transfers (a) – – 2 4 378 384
Currency translation adjustments – (38) 32 5 261 260
Accumulated depreciation as at 31 December 2009 (43) (183) (869) (258) (5 529) (6 882)
Net book value as at 31 December 2009 (b)(c)(d) 81 797 2 690 (e) 467 9 425 13 460
Land and
buildings
£m
Mains, services
and meters
£m
Plant and
machinery
£m
Motor vehicles
and office
equipment
£m
Exploration
and
production
£m
Cost as at 1 January 2008 94 644 2 230 432 8 780 12 180
Additions 3 75 155 163 1 797 2 193
Business combinations – – 7 13 160 180
Disposals, transfers and other movements (a) (1) (3) (40) (103) 215 68
Currency translation adjustments 12 33 649 41 2 173 2 908
Cost as at 31 December 2008 108 749 3 001 546 13 125 17 529
Accumulated depreciation as at 1 January 2008 (38) (84) (500) (196) (3 936) (4 754)
Charge for the year (2) (24) (119) (57) (674) (876)
Charge for impairment (see note 5, page 87) – – (19) – – (19)
Disposals and transfers – – 28 96 – 124
Currency translation adjustments (1) (8) (104) (21) (582) (716)
Accumulated depreciation as at 31 December 2008 (41) (116) (714) (178) (5 192) (6 241)
Net book value as at 31 December 2008 (b)(c)(d) 67 633 2 287 (e) 368 7 933 11 288
Details of BG Group’s gas and oil reserves are given in Supplementary information – gas and oil (unaudited) on page 118.
(a) Includes, within Exploration and production, a transfer from other intangible assets of £650m (2008 £57m), an increase in the decommissioning asset of £66m (2008 £158m) and £157m of certain trade
receivables used as part consideration for the acquisition of non-current assets. Also includes the exchange of equity interests in certain North Sea production assets.
(b) The Group’s Net book value includes capitalised interest of £230m (2008 £217m) comprising Exploration and production £151m (2008 £145m) and Plant and machinery £79m (2008 £72m). A deferred tax
liability is recognised in respect of this taxable temporary difference at current enacted rates.
(c) Includes the net book value of decommissioning assets of £380m (2008 £358m) and expenditure on Plant and machinery and Exploration and production assets under construction of £2 022m
(2008 £2 155m).
(d) Assets capitalised and held under finance leases included in Plant and machinery are:
as at 31 December
Cost 1 324 1 417
Accumulated depreciation (220) (217)
Net book value
(e) Includes assets held under operating leases where BG Group is the lessor:
1 104 1 200
as at 31 December
2009
2008
£m
£m
Cost 193 190
Accumulated depreciation (107) (88)
Net book value
The depreciation charge for the year relating to these assets was £19m (2008 £16m).
86 102
2009
£m
Total
£m
Total
£m
2008
£m
BG Group Annual Report and Accounts 2009
91
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