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Notes to the financial statements
5 Tangible fixed assets
Land and
buildings
£m
Plant and
machinery
£m
Furniture
and
fittings
£m
Assets
under
con-
struction
£m
Total
£m
Cost or valution
At 1 April 2000 55.3 116.1 4.3 14.2 189.9
Additions 2.8 20.4 23.2
Brought into service 0.1 4.9 0.3 (5.3 )
Disposals (0.7 ) (4.3 ) (0.1 ) (5.1 )
At 31 March 2001 54.7 119.5 4.5 29.3 208.0
Depreciation
At 1 April 2000 25.3 52.9 2.3 80.5
Charge for the year 3.2 11.1 0.5 14.8
Elimination in respect
of disposals
(0.7 ) (3.4 ) (0.1 ) (4.2 )
At 31 March 2001 27.8 60.6 2.7 91.1
Net book value
At 31 March 2001
26.9 58.9 1.8 29.3 116.9
At 31 March 2000 30.0 63.2 2.0 14.2 109.4

成人论坛 World Service's plant and machinery and furniture and fittings were revalued at 1 April 1996 based on the estimated current replacement cost of the assets, adjusted for service potential.
 
Following the introduction of FRS 15: Tangible Fixed Assets, 成人论坛 World Service has retained these revalued assets at their valuation as adjusted for depreciation. 成人论坛 World Service does not plan to revalue these assets on an ongoing basis.
 
Assets under construction include £15.9 million relating to the construction of a new transmitting station in Oman.
 
Historical cost basis
The net book value of tangible fixed assets included in the above table determined on an historical cost basis is as follows:
Plant and
machinery
2001
£m
Plant and
machinery
2000
£m
Furniture
and
fittings
2001
£m
Furniture
and
fittings
2000
£m
Cost 174.2 170.8 7.2 7.0
Depreciation (122.5 ) (115.6 ) (5.4 ) (5.0 )
Net book value 51.7 55.2 1.8 2.0
Included within fixed assets is £24 million at cost relating to a relay station in Thailand. These assets are transferable to the Royal Thai Government in return for the payment of a nominal sum. 成人论坛 World Service will retain the right to repurchase the assets, should the operation cease, for a similar nominal sum. The use of these assets is not affected by this transaction and therefore they will continue to be carried at cost less attributable depreciation in the balance sheet.
 
Land and buildings at net book value comprise:
2001
£m

2000
£m
Freeholds 15.5 16.0
Short leaseholds 11.4 14.0
26.9 30.0
The members of the Management Board are satisfied that there has been no impairment in the carrying values of freehold properties at the balance sheet date.
 
Land and buildings include freehold land at a cost of £4.2 million (2000 £4.2 million) which is not depreciated.
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