Annual Report and Accounts - Hemscott IR

TRAVIS PERKINS ANNUAL REPORT AND ACCOUNTS 2012
15. Property, plant and equipment
THE GROUP
THE COMPANY
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Long Short Plant and Plant and
Freehold leases leases equipment Total equipment
£m £m £m £m £m £m
Cost or valuation
At 1 January 2011 274.6 27.7 121.0 457.3 880.6 0.6
Additions 28.2 1.3 9.4 69.2 108.1 0.1
Reclassifications 1.5 (0.9) 9.5 (10.1) - -
Disposals (3.1) - (5.4) (29.6) (38.1) -
At 1 January 2012 301.2 28.1 134.5 486.8 950.6 0.7
Additions 10.0 - 9.0 65.5 84.5 -
Additions from acquired businesses - - 4.5 3.2 7.7 -
Reclassifications 0.9 (0.9) - - - -
Disposals (3.5) - (3.0) (44.1) (50.6) -
At 31 December 2012 308.6 27.2 145.0 511.4 992.2 0.7
Accumulated depreciation
At 1 January 2011 35.1 4.6 41.7 272.1 353.5 0.5
Charged this year 4.5 0.6 10.1 48.7 63.9 -
Disposals (0.7) 0.2 (3.1) (25.8) (29.4) -
At 1 January 2012 38.9 5.4 48.7 295.0 388.0 0.5
Charged this year 4.6 0.6 11.4 52.8 69.4 -
Disposals (0.4) - (1.3) (41.9) (43.6) -
At 31 December 2012 43.1 6.0 58.8 305.9 413.8 0.5
Net book value
At 31 December 2012 265.5 21.2 86.2 205.5 578.4 0.2
At 31 December 2011 262.3 22.7 85.8 191.8 562.6 0.2
The cost element of the fixed assets carrying value is analysed as follows:
THE GROUP
THE COMPANY
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– ––-–––––––––––––––––––––
Long Short Plant and
Freehold leases leases equipment Total Total
£m £m £m £m £m £m
At valuation 63.8 6.1 1.9 - 71.8 -
At cost 244.8 21.1 143.1 511.4 920.4 0.7
308.6 27.2 145.0 511.4 992.2 0.7
Those freehold and leasehold properties included at valuation in the consolidated balance sheet were revalued at their open market value on an existing
use basis. The valuations were performed as at 31 December 1999 by an independent professional valuer, Lambert Smith Hampton, Consultant Surveyors
and Valuers.
Included within freehold property is land with a value of £117.7m (2011: £115.0m) which is not depreciated. No assets are pledged as security for the
Group’s liabilities.
The carrying amount of assets held under finance leases is analysed as follows:
THE GROUP
THE COMPANY
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– ––-–––––––––––––––––––––
Long Short Plant and
leases leases equipment Total Total
£m £m £m £m £m
2012 0.8 9.4 7.0 17.2 -
FINANCIAL
STATEMENTS
2011 0.8 10.7 - 11.5 -
107