Notes to the financial statements - Plasmon

Notes to the financial statements continued
for the year ended 31 March 2003
12 Tangible fixed assets
The Company has no tangible fixed assets. Details of those relating to the Group are as follows:
Freehold Leasehold Plant & Plant &
land and improve- Office Motor machinery Construction machinery
buildings ments equipment vehicles owned in progress leased Total
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Group
Cost
At 1 April 2002 8,029 719 5,582 318 19,429 2,360 9,624 46,061
Additions – 73 317 39 566 5,525 – 6,520
Disposals – (171) (567) (96) (687) – – (1,521)
Transfer of assets 1,347 – (471) – 462 (1,338) – –
Currency changes 78 (64) (249) – (88) (17) (7) (347)
At 31 March 2003 9,454 557 4,612 261 19,682 6,530 9,617 50,713
Depreciation
At 1 April 2002 628 540 3,893 106 10,978 – 5,495 21,640
Charge for the year 154 115 600 59 2,721 – 1,051 4,700
Disposals – (169) (531) (43) (682) – – (1,425)
Transfer of assets – – (226) – 226 – – –
Currency changes 4 (48) (174) – (99) – (2) (319)
At 31 March 2003 786 438 3,562 122 13,144 – 6,544 24,596
Net book value
At 31 March 2003 8,668 119 1,050 139 6,538 6,530 3,073 26,117
At 31 March 2002 7,401 179 1,689 212 8,451 2,360 4,129 24,421
Tangible fixed assets include leased assets with a cost of £11,405,000 (2002: £9,919,000) and net book value of £4,432,000 (2002: £4,325,000).
Depreciation of £1,094,000 (2002: £828,000) has been charged against these assets in the year.
Plasmon Plc
Annual Report 2003
Notes to the financial statements
37