RNLI/Mike

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<strong>RNLI</strong> notes to the accounts (continued)FOR THE YEAR ENDED 31 DECEMBER 20126 Fixed assetsa) Tangible assetsLifeboatsand lifeboatstations underconstruction£MLifeboats£MLifeboatstations andshoreworks£MLaunch andrecoveryequipment£MDepots,officesandtrainingfacilities£MComputerequipment,plant andvehicles£MCostAt 1 January 2012 25.8 245.1 182.4 21.2 83.8 47.9 606.2Additions 29.6 - - - 0.7 5.2 35.5Transfers (19.8) 11.5 8.0 0.3 - - -Disposals - (1.5) (0.2) - (1.1) (1.2) (4.0)At 31 December 2012 35.6 255.1 190.2 21.5 83.4 51.9 637.7Total£MDepreciationAt 1 January 2012 - 165.2 43.9 16.0 13.7 36.5 275.3Charge for the year - 11.6 4.7 0.8 1.5 3.7 22.3Disposals - (1.3) (0.1) - (0.1) (1.0) (2.5)At 31 December 2012 - 175.5 48.5 16.8 15.1 39.2 295.1Net book amountAt 31 December 2012 35.6 79.6 141.7 4.7 68.3 12.7 342.6At 31 December 2011 25.8 79.9 138.5 5.2 70.1 11.4 330.9The net book amounts include the following property:Freehold£MLeasehold£MTotal£MLifeboat stations and shoreworks 55.7 86.0 141.7Depots, offices and training facilities 59.1 9.2 68.3Total 114.8 95.2 210.030
6 Fixed assets (continued)b) Intangible assetsGoodwill£MIntellectualproperty£MCostAt 1 January 2012 1.7 0.1 1.8Additions - - -Disposals - - -At 31 December 2012 1.7 0.1 1.8Total£MAmortisationAt 1 January 2012 0.3 0.1 0.4Charge for the year 0.1 - 0.1At 31 December 2012 0.4 0.1 0.5Net book amountAt 31 December 2012 1.3 - 1.3At 31 December 2011 1.4 - 1.4The accounting goodwill forms part of the purchase cost by SAR Composites Limited, a fully owned subsidiary of <strong>RNLI</strong> (Trading)Limited, of the lifeboat hull construction capabilities of Green Marine Limited in 2009. Green Marine Limited was the only companyoperating in this field in the UK, and this purchase was considered essential to ensure continuity of hull production for all-weatherlifeboats through an established operation and to retain staff expertise in this specialist field.c) Subsidiary company assetsThe consolidated schedule of fixed assets includes assets owned by the subsidiary companies with the following net book amounts:2012£M2011£MGoodwill 1.3 1.4Lifeboats and lifeboat stations under construction 0.4 4.3Lifeboats and launch equipment 0.6 0.6Depots, offices and training facilities 0.2 2.1Computer equipment, plant and vehicles 4.1 4.2Total 6.5 12.631
Page 2 and 3: Photo: RNLI/Mike Lavis
Page 4 and 5: Message from the Chief executiveTha
Page 6 and 7: ABOUT THE RNLIFOR THE YEAR ENDED 31
Page 9: 7Photo: RNLI/JP Trenque
Page 13 and 14: BOATS, EQUIPMENT AND ESTATE MANAGEM
Page 15 and 16: We have also developed practical in
Page 17 and 18: £166.5M £140.7M £35.5MIncomeINCO
Page 19 and 20: These risks are analysed into key c
Page 21 and 22: Independent auditor’s reportTO TH
Page 23 and 24: RNLI consolidated balance sheetAS A
Page 25 and 26: RNLI consolidated cash flow stateme
Page 27 and 28: RNLI notes to the accountsFOR THE Y
Page 29 and 30: 2 SUBSIDIARY COMPANIESThe RNLI has
Page 31: 4 TRUSTEE, COUNCIL AND COMMITTEE CO
Page 35 and 36: 9 Debtors Total2012£MLegacies rece
Page 37 and 38: 15 PENSION SCHEMESThe RNLI operates
Page 39 and 40: 15 pension schemes (continued)c) Ch
Page 41 and 42: 39Photo: RNLI/Dave Cocks
Page 43 and 44: Neil LernerRichard LeworthyNorma Ma

RNLI/Mike

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