EirGrid plc Annual Report 2011

EirGrid plc Annual Report & Accounts 2011
12. Property, Plant & Equipment (continued)
Company
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 11,886 1,263 33,953 46,625 35,716 129,443
Additions 50 72 57 - 47,271 47,450
Disposals - - (540) - - (540)
Transfers (including intra-Group) (1,533) 125 9,486 (5,207) (79,781) (76,910)
Balance as at 30 September 2010 10,403 1,460 42,956 41,418 3,206 99,443
Additions - - 16 - 11,567 11,583
Disposals - - (55) - - (55)
Transfers 4 163 5,600 - (5,767) -
Balance as at 30 September 2011 10,407 1,623 48,517 41,418 9,006 110,971
Depreciation
Balance as at 1 October 2009 513 297 16,651 13,894 - 31,355
Charge 429 288 5,937 8,197 - 14,851
Disposals - - (438) - - (438)
Balance as at 30 September 2010 942 585 22,150 22,091 - 45,768
Charge 434 302 7,195 8,212 - 16,143
Disposals - - (53) - - (53)
Balance as at 30 September 2011 1,376 887 29,292 30,303 - 61,858
Carrying amount as at
30 September 2011 9,031 736 19,225 11,115 9,006 49,113
Carrying amount as at
30 September 2010 9,461 875 20,806 19,327 3,206 53,675
* 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 9,006 3,206
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