Savills plc 2012 Annual Report - (PDF) - Investor relations

15. Property, plant and equipmentGroupFreeholdproperty£mShortleaseholdproperty£mEquipmentand motorvehiclesOwned£mEquipmentand motorvehiclesLeased£mCostAt 1 January 2012 0.1 18.4 53.7 0.1 72.3Additions – 3.2 4.5 – 7.7Disposals – (0.9) (6.7) – (7.6)Exchange movement – (0.1) (0.7) – (0.8)At 31 December 2012 0.1 20.6 50.8 0.1 71.6Accumulated depreciation and impairmentAt 1 January 2012 – 11.9 41.9 0.1 53.9Charge for the year – 1.8 5.4 – 7.2Disposals – (0.8) (6.5) – (7.3)Exchange movement – – (0.7) – (0.7)At 31 December 2012 – 12.9 40.1 0.1 53.1Net book valueAt 31 December 2012 0.1 7.7 10.7 – 18.5Total£mOur business Our governance Our resultsThe Directors consider that the fair value of plant, property and equipment approximates carrying value.GroupFreeholdproperty£mShortleaseholdproperty£mEquipmentand motorvehiclesOwned£mEquipmentand motorvehiclesLeased£mCostAt 1 January 2011 0.1 20.6 51.1 0.3 72.1Subsidiaries acquired – – 0.2 – 0.2Subsidiaries disposed – (1.0) (1.6) – (2.6)Additions – 2.2 7.0 – 9.2Reclassifications – – 0.2 (0.2) –Disposals – (3.4) (3.3) – (6.7)Exchange movement – – 0.1 – 0.1At 31 December 2011 0.1 18.4 53.7 0.1 72.3Accumulated depreciation and impairmentAt 1 January 2011 – 13.7 40.6 0.1 54.4Charge for the year – 1.9 5.2 – 7.1Subsidiaries disposed – (0.4) (1.4) – (1.8)Disposals – (3.3) (2.5) – (5.8)At 31 December 2011 – 11.9 41.9 0.1 53.9Net book valueAt 31 December 2011 0.1 6.5 11.8 – 18.4Total£mSavills plc Report and Accounts 2012 89