Notes 11-15

13. Property, plant and equipment

The movements in 2008 and 2007 were as follows:


 
 
 
 
 

 
 
 
Land
£m

 
 
Freehold
buildings
£m

 
Lease-
hold
buildings
£m
Fixtures,
fittings
and
equip-
ment
£m

Com-
puter
equip-
ment
£m

 
 
 
Total
£m
Cost:
1 January 2007
9.3 34.2 354.4 228.2 346.9 973.0
Additions 0.7 56.7 34.9 58.8 151.1
New acquisitions 0.1 2.2 3.0 6.5 11.8
Disposals (0.5) (0.2) (23.4) (30.1) (32.7) (86.9)
Exchange adjustments 1.7 1.5 6.4 19.4 29.0
31 December 2007 8.8 36.5 391.4 242.4 398.9 1,078.0
Additions 11.4 62.4 42.6 80.4 196.8
New acquisitions 3.9 25.9 9.9 30.7 26.2 96.6
Disposals (0.3) (0.3) (31.1) (34.5) (65.4) (131.6)
Exchange adjustments 9.6 123.7 103.9 139.0 376.2
31 December 2008 12.4 83.1 556.3 385.1 579.1 1,616.0

Depreciation:
1 January 2007 15.6 147.6 141.6 252.9 557.7
Charge for the year 1.7 38.9 28.0 57.7 126.3
Disposals (0.2) (17.7) (25.6) (34.2) (77.7)
Exchange adjustments 0.6 5.9 3.8 11.8 22.1
31 December 2007 17.7 174.7 147.8 288.2 628.4
Charge for the year 2.0 25.7 32.9 89.0 149.6
Disposals (0.2) (25.9) (30.6) (61.5) (118.2)
Exchange adjustments 7.8 91.3 68.7 97.7 265.5
31 December 2008 27.3 265.8 218.8 413.4 925.3

Net book value:
31 December 2008 12.4 55.8 290.5 166.3 165.7 690.7
31 December 2007 8.8 18.8 216.7 94.6 110.7 449.6
1 January 2007 9.3 18.6 206.8 86.6 94.0 415.3

At the end of the year, capital commitments contracted, but not provided for in respect of property, plant and equipment were £154.9 million (2007: £24.1 million). The increase is due to a number of significant property development projects in North America.

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