Annual Report and Accounts 2012/13 - Royal Devon & Exeter Hospital

ROYAL DEVON AND EXETER NHS FOUNDATION TRUST - ANNUAL ACCOUNTS 2012/13
NOTES TO THE ACCOUNTS
16. Property, plant and equipment
16.1 Property, plant and equipment at the statement of financial position date comprise the following elements:
Freehold land
Freehold
buildings
excluding
dwellings
Freehold
dwellings
Assets under
construction
and payments
on account
Plant and
machinery
Transport
equipment
Information
technology
Furniture and
fittings
Total
£000 £000 £000 £000 £000 £000 £000 £000 £000
Cost or valuation at 1 April 2012 32,780 181,636 2,400 10,984 37,426 1,076 7,859 45 274,206
Additions - purchased - 490 - 26,570 360 45 113 - 27,578
Additions - donated - 2 - 224 94 - - - 320
Reclassifications - 5,099 - (9,344) 4,018 161 66 - -
Impairment - - - - - - - - -
Revaluation (17,015) (41,259) (100) (1,974) - - - - (60,348)
Disposals - (47) - - (1,710) (146) (5) - (1,908)
Total at 31 March 2013 15,765 145,921 2,300 26,460 40,188 1,136 8,033 45 239,848
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Accumulated depreciation at 1 April 2012 - 6,901 51 - 21,385 452 5,320 42 34,151
Provided during the year - 7,094 51 - 3,708 143 1,388 1 12,385
Impairments 5,232 15,569 64 1,974 - - - - 22,839
Revaluation (5,232) (29,517) (166) (1,974) - - - - (36,889)
Impairment - - - - - - - - -
Eliminated on disposals - (47) - - (1,683) (146) (5) - (1,881)
Accumulated depreciation at 31 March 2013 - - - - 23,410 449 6,703 43 30,605
Net book value
Purchased at 31 March 2013 15,765 143,158 2,300 26,303 16,272 678 1,328 2 205,806
Donated at 31 March 2013 - 2,763 - 157 506 9 2 - 3,437
Total at 31 March 2013 15,765 145,921 2,300 26,460 16,778 687 1,330 2 209,243
16.2 Analysis of property, plant and equipment
Protected assets at 31 March 2013 13,960 138,019 - - - - - - 151,979
Unprotected assets at 31 March 2013 1,805 7,902 2,300 26,460 16,778 687 1,330 2 57,264
Net book value 15,765 145,921 2,300 26,460 16,778 687 1,330 2 209,243
There were no assets held under finance leases, hire purchase contracts or private finance initiative (PFI) at the statement of financial position date.
Protected assets are designated as protected in the Trust's Terms of Authorisation (ToA). Condition 9 of the ToA defines property as protected if it is required for the purposes of providing mandatory goods and
services. Protected assets are limited to land and buildings owned by the Trust, assets such as equipment are not regarded as protected assets.
The Trust's land, buildings and dwellings were revalued as at 31 March 2013. The valuation was undertaken by the District Valuer, in accordance with International Financial Reporting Standards and also complies
with HM Treasury's requirements to value land and buildings on the basis of utilising modern equivalent buildings that would give the same service potential as is provided by the actual estate that the Trust owns, note
16.5 provides further details.