Annual Report & Accounts 2009

Notes to the financial statements continued
34. Property, plant and equipment continued
Computer
Leasehold and other
The Bank improvements equipment Total
€m €m €m
Cost
At 1 October 2007 16 46 62
Additions 1 11 12
Disposals (2) (1) (3)
Exchange movements - (2) (2)
At 30 September 2008 15 54 69
Additions 1 1 2
Disposals - (1) (1)
Exchange movements - (2) (2)
At 31 December 2009 16 52 68
Accumulated depreciation
At 1 October 2007 8 33 41
Charge for the year 2 7 9
Disposals - (1) (1)
Exchange movements - (1) (1)
At 30 September 2008 10 38 48
Charge for the period 3 7 10
Disposals - (1) (1)
Exchange movements - (1) (1)
At 31 December 2009 13 43 56
Net book value
At 31 December 2009 3 9 12
At 30 September 2008 5 16 21
The Group has minimum future rental payments under non-cancellable operating leases as follows:
31 December 2009 30 September 2008
Property Equipment Property Equipment
€m €m €m €m
Within one year 12 3 12 3
One to five years 49 1 36 2
Over five years 140 1 161 -
201 5 209 5
In February 2010, the Bank issued a notice to terminate an existing agreement for lease regarding a premises in North Wall
Quay, Dublin. The impact on future minimum lease rentals is a reduction of €101m.
The total of future minimum sublease payments expected to be received under non-cancellable subleases at 31 December 2009
was €1m (30 September 2008: €1m).
The Group (loss)/profit before taxation is arrived at after charging operating lease rentals of €18m (30 September 2008: €15m).
Sublease income recognised for the period was €1m (30 September 2008: €1m).
As at 31 December 2009 the Group and the Bank had contractual commitments of €1m (30 September 2008: €4m) for the
acquisition of property, plant and equipment.
100