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92 Financial Statements
Notes to the Financial Statements
Continued
Freehold Short-term Plant,
land & leasehold machinery Group
buildings property & vehicles Total
£m £m £m £m
Depreciation at 1 April 2006 7.1 4.6 48.2 59.9
Depreciation charge for the year 0.1 1.7 18.7 20.5
Disposals – – (18.2) (18.2)
Difference on exchange – (0.2) (0.6) (0.8)
Depreciation at 31 March 2007 7.2 6.1 48.1 61.4
Depreciation charge for the year 0.1 2.1 17.6 19.8
Disposals – (0.1) (2.8) (2.9)
Disposal of subsidiary undertaking – (0.6) (6.1) (6.7)
Difference on exchange – – 0.6 0.6
Depreciation at 31 March 2008 7.3 7.5 57.4 72.2
Net book value at 31 March 2008 2.8 9.0 33.8 45.6
Net book value at 31 March 2007 2.9 7.1 36.2 46.2
The market value of freehold land and buildings is estimated at £10.3m (2007: £10.1m).
Included in plant, machinery and vehicles above are equipment and vehicles held under finance leases and hire purchase contracts as follows:
2008 2007
£m £m
Cost 23.3 23.8
Accumulated depreciation (9.9) (9.8)
Net book value 13.4 14.0
Additions to property, plant and equipment funded by finance leases were £6.3m (2007: £5.8m).
Included in the above are equipment and vehicles leased to customers under operating leases as follows:
2008 2007
£m £m
Cost 3.2 3.4
Accumulated depreciation (2.1) (2.1)
Net book value 1.1 1.3
WS Atkins plc Annual Report 2008