G4S Annual Report and Accounts 2011

Overview Strategic review Performance
Notes to the consolidated financial statements continued
20 Property, plant and equipment continued
During the year management have reclassified certain short-life assets, such as consumables, from within the equipment and vehicles category to
inventory to more accurately reflect their usage.
The carrying amount of equipment and vehicles includes the following in respect of assets held under finance leases:
2011
£m
Net book value 50 61
Accumulated depreciation 104 102
Depreciation charge for the year 15 19
2010
£m
The rights over leased assets are effectively security for lease liabilities. These rights revert to the lessor in the event of default.
The carrying amount of equipment and vehicles includes the following in respect of assets leased by the group to third parties under operating leases:
2011
£m
2010
£m
Net book value 36 33
Accumulated depreciation 88 77
Depreciation charge for the year 11 10
The net book value of land and buildings comprises:
Freeholds 66 66
Long leaseholds (50 years and over) 19 20
Short leaseholds (under 50 years) 70 76
2011
£m
2010
£m
At 31 December 2011 the group had entered into contractual commitments for the acquisition of property, plant and equipment amounting
to £1m (2010: £2m).
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G4S plc
Annual Report and Accounts 2011