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Annual Repor t and Financial Statements 2009 NOTES TO ThE FINaNCIal STaTEmENTS (CONTINuED) 9. TANGIBLE FIXED ASSETS (continued) Net book amounts 2009 €000 Railway lines and works 2 , 2 162,501 Railway rolling stock ,9 871,695 Road freight vehicles - 1 Plant and machinery 1, 0 508,352 Catering equipment - - Docks, harbours and wharves , 2 33,508 Land and buildings 1,9 1,155 Capital work in progress - - Total 1, 02, 1,577,212 2008 €000 (a) In compliance with FRS 15, Tangible Fixed Assets, the basis of accounting for renewals of railway lines and works is to credit the grant against the cost of renewals to the railway network. Renewals expenditure and related grants were as follows 2009 €000 Renewals expenditure , 106,835 State grants , 105,740 (b) The expected useful lives of the various types of assets for depreciation purposes are as follows: 2008 €000 Lives (Years) Railway lines and works 10-40 Railway rolling stock 4-20 Road freight vehicles 1-10 Plant and machinery 3-30 Docks, harbours and wharves 50 Catering equipment 5-10 Buildings 50 (c) The amounts included in the original cost of various tangible assets include €34,463,231 in capitalised interest charges relating to the Bray-Howth suburban railway electrification scheme which was completed in 1984.
Annual Repor t and Financial Statements 2009 9. TANGIBLE FIXED ASSETS (continued) (d) Tangible assets include railway infrastructure assets as follows: 2009 €000 Cost 99 , 99 877,151 2008 €000 Accumulated depreciation ( 9 , 22) (369,301) Net book value 0 ,0 507,850 (e) Included in additions above are payments on account in respect of railway rolling stock which were not yet in service: 2009 €000 Railway rolling stock , 99 180,321 (f) Included in tangible assets are amounts as stated below in respect of railway rolling stock and plant and machinery 2008 €000 which are held under finance leases, whereby the company has beneficial ownership i.e. substantially all the risks and rewards associated with the ownership of an asset, other than the legal title: 2009 €000 Cost 91,2 89,030 2008 €000 Accumulated depreciation ( 2,9 ) (62,893) Net book value 1 ,2 26,137 Depreciation for year (10,0 ) (6,851) 10. FINANCIAL ASSETS Trade investments - listed shares (CONTINuED) NOTES TO ThE FINaNCIal STaTEmENTS (CONTINuED) 2009 €000 Cost or valuation at 1st January 63 2008 €000 Provision for impairment in value at 31st December ( ) (43) Net book amounts at 1st December 20 20 Market value at 1st December 9 49
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English - Irish Rail

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