Notes to the Accounts
13. Tangible fixed assets
| all figures in £ millions | freehold & leasehold property |
plant & equipment |
assets in course of construction |
total |
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| Cost | ||||
| At 31 December | 235 | 537 | 21 | 793 |
| Exchange differences | 8 | 20 | 1 | 29 |
| Reclassifications | 14 | 8 | (22) | – |
| Owned by subsidiary undertakings | 71 | 134 | – | 205 |
| Television assets contributed | (34) | (54) | – | (88) |
| Capital expenditure | 24 | 102 | 3 | 129 |
| Owned by subsidiary undertakings disposed | – | (4) | – | (4) |
| Disposals | (17) | (67) | (1) | (85) |
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| At 31 December 2000 | 301 | 676 | 2 | 979 |
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| Depreciation | ||||
| At 31 December | (81) | (307) | – | (388) |
| Exchange differences | (2) | (13) | – | (15) |
| Impairment in value | – | (1) | – | (1) |
| Provided in the year | (12) | (88) | – | (100) |
| Owned by subsidiary undertakings acquired | (12) | (46) | – | (58) |
| Television assets contributed | 6 | 26 | – | 32 |
| Owned by subsidiary undertakings disposed | – | 1 | – | 1 |
| Disposals | 9 | 65 | – | 74 |
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| At 31 December 2000 | (92) | (363) | – | (455) |
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| Net book value At 31 December 1999 |
154 | 230 | 21 | 405 |
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| At 31 December 200 | 209 | 313 | 2 | 524 |
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Freehold and leasehold property • Net book value includes: freehold of £154m (1999: £113m) and short leases of £56m (1999: £41m).
Capital commitments • The Group had capital commitments for fixed assets, including finance leases, already under contract amounting to £24m at 31 December 2000 (1999:£20m).
Other notes • The net book value of Group tangible fixed assets includes £11m (1999:£23m) in respect of assets held under finance leases. Depreciation on these assets charged in 2000 was £1m (1999: £2m).
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