4.0 - Imperial

Notes to the group annual financial statements continued...
for the year ended 30 June 2009
8. Leasing assets
For the year ended 30 June 2009
Net book value at beginning of year 337
Reclassified to property, plant and equipment (87)
Reclassified to vehicles for hire (121)
Reclassified to inventory (129)
Net book value at end of year
2009 2008
Rm
Rm
For the period ended 30 June 2008
– Cost 368
– Accumulated depreciation and impairment 31
Net book value at beginning of period 6 990
Net disposal of subsidiaries and businesses (including unbundling) (6 592)
Additions 3 977
Proceeds on disposal (1 717)
Depreciation (1 108)
Impairments (508)
Loss on disposal (45)
Currency adjustments 95
Reclassified to assets held for sale (755)
Net book value at end of period 337
337
9. Vehicles for hire
– Cost 2 291 1 575
– Accumulated depreciation and impairment 638 289
1 653 1 286
Net book value at beginning of year 1 286 1 012
Reclassified from leasing assets 121
Net acquisition (disposal) of subsidiaries and businesses 58 (1)
Additions 1 295 1 276
Disposals (757) (710)
Depreciation (349) (293)
Impairments (2)
Profit on disposal 3
Currency adjustments (1) 1
Net book value at end of year 1 653 1 286
Certain vehicles for hire have been encumbered as security for interest-bearing borrowings (note 22).
86
Imperial holdings limited Annual Report 2009