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76
Notes to the consolidated
fi nancial statements
Kingfi sher plc
Annual Report
and Accounts
2009/10
14 Property, plant and equipment
Land and
Fixtures,
fi ttings and
£ millions
Cost
buildings equipment Total
At 1 February 2009 2,902 2,117 5,019
Additions 95 126 221
Disposals (36) (111) (147)
Exchange differences (25) (28) (53)
At 30 January 2010 2,936 2,104 5,040
Depreciation
At 1 February 2009 (226) (1,094) (1,320)
Charge for the year (41) (185) (226)
Impairment losses (3) (1) (4)
Disposals 3 98 101
Exchange differences 4 17 21
At 30 January 2010 (263) (1,165) (1,428)
Net carrying amount
At 30 January 2010 2,673 939 3,612
Cost
At 3 February 2008 2,838 1,876 4,714
Additions 184 215 399
Disposals (49) (49) (98)
Disposal of subsidiaries (326) (112) (438)
Transfers to investment property (2) – (2)
Exchange differences 257 187 444
At 31 January 2009 2,902 2,117 5,019
Depreciation
At 3 February 2008 (178) (838) (1,016)
Charge for the year (39) (196) (235)
Impairment losses – (61) (61)
Disposals 1 30 31
Disposal of subsidiaries 10 42 52
Exchange differences (20) (71) (91)
At 31 January 2009 (226) (1,094) (1,320)
Net carrying amount
At 31 January 2009 2,676 1,023 3,699
Assets in the course of construction included above at net carrying amount
At 30 January 2010 109 25 134
At 31 January 2009 124 37 161
Assets held under fi nance leases included above at net carrying amount
At 30 January 2010 27 19 46
At 31 January 2009 28 20 48
In the prior year, the Group recognised impairment losses of £61m, including £55m in relation to certain loss making stores in China, and disposed of Castorama
Italy (see note 34).
The amount of borrowing costs capitalised in property, plant and equipment in the year has been £3m (2008/09: £3m). The cumulative total of borrowing costs
included at the balance sheet date, net of depreciation, is £24m (2008/09: £21m).