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  pearson annual report 2000    

Notes to the Accounts

   
 

13. Tangible fixed assets

all figures in millions freehold &
leasehold
property
plant &
equipment
assets in
course of
construction
total


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)


At 31 December 2000 301 676 2 979


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


At 31 December 2000 (92) (363) (455)


Net book value
At 31 December 1999
154 230 21 405


At 31 December 200 209 313 2 524


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).

2000 Annual Report
* Introduction
* Chairman's letter
* Chief executive's review
* The Pearson Goals
* Internet Enterprises
* The Results
* Pearson Education
* The Penguin Group
* The Financial Times Group
* Recoletos
* Financial Review
* The Board
* Directors' Report
* Personnel Committee Report
* Consolidated profit and loss account
* Consolidated balance sheet
* Consolidated statement of cash flows
* Statement of total recognised gains and losses
* Reconciliation of movements in equity shareholders' funds
* Report to the Auditors to the Members of Pearson plc
* Principal subsidiaries and associates
* Five year summary
* Corporate and Operating Measures
* Shareholder information
* Notes to the accounts
 

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