Richemont is one of the world's leading luxury - Alle jaarverslagen

7. Property, plant and equipmentFixtures,Land and Plant and fittings, tools Assets underbuildings machinery and equipment construction Total€ m € m € m € m € m1 April 2007Cost 419 270 833 48 1 570Depreciation (93) (200) (469) – (762)Net book value at 1 April 2007 326 70 364 48 808Exchange adjustments 3 3 (23) (2) (19)Acquisition through business combinations 35 17 2 – 54Additions 20 37 163 58 278Disposals (1) – (5) (1) (7)Depreciation charge (15) (18) (106) – (139)Transfers and reclassifications 13 6 28 (47) –31 March 2008Cost 493 342 909 56 1 800Depreciation (112) (227) (486) – (825)Net book value at 31 March 2008 381 115 423 56 975Fixtures,Land and Plant and fittings, tools Assets underbuildings machinery and equipment construction Total€ m € m € m € m € m1 April 2008Cost 493 342 909 56 1 800Depreciation (112) (227) (486) – (825)Net book value at 1 April 2008 381 115 423 56 975Exchange adjustments 9 2 35 4 50Acquisition through business combinations – 2 – – 2Additions 20 45 169 73 307Disposals – – (13) – (13)Depreciation charge (17) (33) (121) – (171)Impairments – (1) (3) – (4)Transfers and reclassifications 14 12 28 (52) 231 March 2009Cost 540 402 1 099 81 2 122Depreciation (133) (260) (581) – (974)Net book value at 31 March 2009 407 142 518 81 1 148Depreciation expense of € 35 million has been charged to cost of sales in the year (2008: € 30 million).Included above is property, plant and equipment held under finance leases with a net book value of € 38 million (2008: € 25 million)comprising building € 33 million (2008: € 12 million), plant and machinery € 2 million (2008: € 7 million), fixtures, fittings, tools andequipment € 3 million (2008: € 6 million).Borrowing costs capitalised during the current and prior year were immaterial (2009: rates of 2.1 per cent, 2008: rates of 4.0 per cent).Committed capital expenditure not reflected in these financial statements amounted to € 11 million at 31 March 2009 (2008: € 28 million).Richemont Annual Report and Accounts 2009 73Consolidated financial statements