EirGrid plc Annual Report 2011

EirGrid plc Annual Report & Accounts 2011
12. Property, Plant & Equipment
Group
IT, telecomm- Single Assets
unications Electricity under
Land and Fixtures equipment Market Construction
buildings * and fittings and other ** *** Total
€ ’000 € ’000 € ’000 € ’000 € ’000 € ’000
Cost
Balance as at 1 October 2009 11,333 1,284 45,580 48,830 36,361 143,388
Additions 50 72 177 - 76,607 76,906
Disposals - - (540) - - (540)
Transfers 161 125 10,626 - (10,912) -
Exchange differences 187 2 907 579 120 1,795
Balance as at 30 September 2010 11,731 1,483 56,750 49,409 102,176 221,549
Additions - 2 104 - 195,439 195,545
Disposals - - (8,545) - - (8,545)
Transfers 31 175 7,420 - (7,626) -
Exchange differences (47) - (287) (144) (17) (495)
Balance as at 30 September 2011 11,715 1,660 55,442 49,265 289,972 408,054
Depreciation
Balance as at 1 October 2009 590 300 17,752 14,340 - 32,982
Charge 475 293 7,400 10,500 - 18,668
Disposals - - (438) - - (438)
Exchange differences 120 - 629 393 - 1,142
Balance as at 30 September 2010 1,185 593 25,343 25,233 - 52,354
Charge 483 308 9,184 10,498 - 20,473
Disposals - - (8,543) - - (8,543)
Exchange differences (30) - (184) (116) - (330)
Balance as at 30 September 2011 1,638 901 25,800 35,615 - 63,954
Carrying amount as at
30 September 2011 10,077 759 29,642 13,650 289,972 344,100
Carrying amount as at
30 September 2010 10,546 890 31,407 24,176 102,176 169,195
* The cost of the Group’s buildings include leasehold improvements. See note 18 for details of the lease.
** The Single Electricity Market asset is the central IT system used to settle and administer the wholesale
electricity market in the island of Ireland.
*** Assets under Construction consist of the following:
30 Sep 2011 30 Sep 2010
€ ’000 € ’000
IT and telecommunications equipment 10,030 3,400
East-West Interconnector project 279,942 98,776
Total 289,972 102,176
Assets under Construction include capitalised interest costs of €8.2m (2010: €0.7m).
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