Mondi Limited

Notes to the financial statements and
consolidated financial statements
continued
for the year ended 31 December 2010
10 Property, plant and equipment (continued)
Land and Plant and
2009/R million buildings equipment Other Total
Cost
At 1 January 970 11,338 1,014 13,322
Acquired through business combinations (see note 28) – 1 – 1
Additions 5 155 364 524
Disposal of assets (7) (40) (29) (76)
Disposal of businesses (see note 29) – (1) (1) (2)
Transferred to/(from) capital work in progress 121 482 (603) –
Reclassification to assets held for sale (see note 30) (45) (2) (6) (53)
Other reclassifications 8 (1) (5) 2
At 31 December 1,052 11,932 734 13,718
Accumulated depreciation
At 1 January 247 4,098 305 4,650
Charge for the year 32 726 45 803
Impairment loss recognised 1 220 4 225
Disposal of assets – (37) (28) (65)
Disposal of businesses (see note 29) – (1) – (1)
Reclassification to assets held for sale (see note 30) (8) (1) (6) (15)
Other reclassifications – (7) 9 2
At 31 December 272 4,998 329 5,599
Net book value as at 31 December 780 6,934 405 8,119
The net book value and depreciation charges relating to assets held under finance leases amount to R69 million (2009: R47 million)
and R19 million (2009: R14 million), respectively.
The Group has pledged property, plant and equipment with a net book value of R1,930 million (2009: R2,221 million) as security
for certain long-term borrowings (see note 19).
The net book value of land and buildings comprises:
R million 2010 2009
Freehold 777 757
Leasehold – long 13 15
Leasehold – short (less than 50 years) 6 8
Total land and buildings 796 780
44 Annual report and accounts 2010
Group