Annual Report & Accounts 2004 - Harvey Nash

35
Harvey Nash Group plc
Annual Report & Accounts 2004
Notes to the Financial Statements continued
for the year ended 31 January 2004
11 Tangible Fixed Assets
The movement of tangible fixed assets for the year was as follows:
Furniture
Leasehold Office fixtures & Computer Motor
improvements equipment equipment equipment vehicles Total
Group £’000 £’000 £’000 £’000 £’000 £’000
Cost
As at 1 February 2003 1,328 710 1,257 5,103 45 8,443
Additions 5 19 25 352 - 401
Acquisitions 3 8 68 - - 79
Disposals (113) (33) (73) (80) - (299)
Exchange movements 8 9 22 34 - 73
At 31 January 2003 1,231 713 1,299 5,409 45 8,697
Depreciation
As at 1 February 2003 809 643 914 3,833 17 6,216
Charge for the year 88 88 267 876 3 1,322
Disposals (105) (24) (56) (64) - (249)
Exchange movements 5 (4) 8 (14) - (5)
At 31 January 2004 797 703 1,133 4,631 20 7,284
Net book value
At 31 January 2004 434 10 166 778 25 1,413
At 31 January 2003 519 67 343 1,270 28 2,227
Included in depreciation charged in the year are write downs of £216,000.
The Company held no fixed assets during the year.
Assets held under finance leases and hire purchase contracts (included above)
Computer
equipment
£’000
Cost
As at 1 February 2003 667
Additions -
Accumulated depreciation at 31 January 2004 (519)
Net book value at 31 January 2004 148
Cost at 31 January 2003 667
Accumulated depreciation at 31 January 2003 (297)
Net book value at 31 January 2003 370
12 Investments
Group Group Company Company
31 January 31 January 31 January 31 January
2004 2003 2004 2003
£’000 £’000 £’000 £’000
Investment in subsidiary undertakings – – 46,917 46,917
Investment in own shares 400 400 – –
400 400 46,917 46,917