PORT OF TYNE ANNUAL REPORT AND ACCOUNTS 2011

30/ANNUAL REPORT AND ACCOUNTS 2011
NOTES TO THE FINANCIAL STATEMENTS/31
7. INTANGIBLE FIXED ASSETS 8. TANGIBLE FIXED ASSETS
Group 2011
(£000’s)
2010
(£000’s)
Cost:
At beginning of the year 682 682
At the end of the year 682 682
Amortisation:
At beginning of the year
Charge for the year
At the end of the year 103 68
Net book value:
At beginning of the year 614 648
At the end of the year 579 614
The directors consider each acquisition
separately for the purpose of determining
the amortisation period of any goodwill
that arises.
Goodwill associated with the acquisition of
Tyne Logistics Company Limited is being
amortised over twenty years.
68
35
34
34
Group
Cost or valuation:
At beginning of year
Additions
Transfers
Disposals
Revaluation
Freehold land
& buildings
(£000’s)
72,351
979
472
(4)
—
Investment
property
(£000’s)
47,165
—
—
—
833
Infrastructure
(£000’s)
5,981
—
—
—
—
Dredging
(£000’s)
5,377
4,090
56
—
—
Craft, plant &
machinery
(£000’s)
47,163
1,331
238
(785)
—
Capital works
in progress
(£000’s)
1,230
3,818
(766)
—
—
Total
(£000’s)
179,267
10,218
—
(789)
833
At end of year 73,798 47,998 5,981 9,523 47,947 4,282 189,529
Depreciation:
At beginning of year
Charge for the year
Impairment
On disposals
24,562
2,486
—
(2)
—
—
—
—
2,945
115
—
—
3,630
137
—
—
23,650
2,846
506
(767)
—
—
—
—
54,787
5,584
506
(769)
At end of year 27,046 — 3,060 3,767 26,235 — 60,108
Net book value:
At 31 December 2011 46,752 47,998 2,921 5,756 21,712 4,282 129,421
At 31 December 2010 47,789 47,165 3,036 1,747 23,513 1,230 124,480
Leased assets included in
the above:
Net book value at 31 Dec 2011 — — — — 1,250 — 1,250
Net book value at 31 Dec 2010 — — — — 1,436 — 1,436
Authority
Freehold land
& buildings
(£000’s)
Investment
property
(£000’s)
Infrastructure
(£000’s)
Dredging
(£000’s)
Craft, plant &
machinery
(£000’s)
Capital works
in progress
(£000’s)
Total
(£000’s)
Cost or valuation:
At beginning of year
Additions
Transfers
Disposals
Revaluation
72,351
979
472
(4)
—
47,165
—
—
—
833
5,981
—
—
—
—
5,377
4,090
56
—
—
44,234
1,189
238
(779)
—
1,230
3,818
(766)
—
—
176,338
10,076
—
(783)
833
At end of year 73,798 47,998 5,981 9,523 44,882 4,282 186,464
Depreciation:
At beginning of year
Charge for the year
Impairment
On disposals
24,562
2,486
—
(2)
—
—
—
—
2,945
115
—
—
3,630
137
—
—
22,061
2,572
506
(764)
—
—
—
—
53,198
5,310
506
(766)
At end of year 27,046 — 3,060 3,767 24,375 — 58,248
Net book value:
At 31 December 2011 46,752 47,998 2,921 5,756 20,507 4,282 128,216
At 31 December 2010 47,789 47,165 3,036 1,747 22,173 1,230 123,140
Leased assets included in
the above:
Net book value at 31 Dec 2011 — — — — 847 — 847
Net book value at 31 Dec 2010 — — — — 942 — 942