Notes to the accounts
13 Property, plant and equipment
|
Land and |
Plant and |
Fixtures, |
Total |
|
|
Cost or valuation |
||||
|
At 6 August 2006 |
245.1 |
653.0 |
337.3 |
1,235.4 |
|
Exchange adjustments |
(5.0) |
(13.8) |
(4.6) |
(23.4) |
|
Reclassification |
14.6 |
(14.6) |
||
|
Business combinations |
1.0 |
1.0 |
2.0 |
|
|
Additions * |
9.4 |
40.3 |
23.2 |
72.9 |
|
Transfers to disposal groups held for sale at year end |
(0.7) |
(6.6) |
(7.3) |
|
|
Transfer to disposal group sold by the year end |
(89.1) |
(338.5) |
(161.5) |
(589.1) |
|
Disposals |
(4.2) |
(13.7) |
(14.7) |
(32.6) |
|
At 31 July 2007 |
155.5 |
342.9 |
159.5 |
657.9 |
|
Exchange adjustments |
8.4 |
18.1 |
10.8 |
37.3 |
|
Reclassification |
1.0 |
(1.8) |
0.8 |
|
|
Business combinations |
2.8 |
2.9 |
2.2 |
7.9 |
|
Additions |
9.9 |
31.2 |
23.1 |
64.2 |
|
Disposals |
(4.8) |
(10.1) |
(7.2) |
(22.1) |
|
Adjustments to acquisitions and disposals in prior years |
(1.4) |
6.7 |
5.3 |
|
|
At 31 July 2008 |
171.4 |
389.9 |
189.2 |
750.5 |
|
Depreciation |
||||
|
At 6 August 2006 |
78.3 |
407.0 |
252.3 |
737.6 |
|
Exchange adjustments |
(2.3) |
(8.2) |
(3.5) |
(14.0) |
|
Reclassification |
10.4 |
(10.4) |
||
|
Charge for the period * |
5.4 |
28.6 |
18.2 |
52.2 |
|
Impairment charge |
5.9 |
2.2 |
8.1 |
|
|
Transfers to disposal groups held for sale at year end |
(0.2) |
(4.2) |
(4.4) |
|
|
Transfer to disposal group sold by the year end |
(23.7) |
(210.7) |
(128.5) |
(362.9) |
|
Disposals |
(0.3) |
(10.1) |
(9.2) |
(19.6) |
|
At 31 July 2007 |
63.1 |
219.2 |
114.7 |
397.0 |
|
Exchange adjustments |
2.6 |
12.1 |
7.7 |
22.4 |
|
Reclassification |
0.8 |
(1.1) |
0.3 |
|
|
Charge for the year |
5.4 |
28.9 |
18.9 |
53.2 |
|
Impairment charge |
0.3 |
0.3 |
||
|
Disposals |
(3.7) |
(7.3) |
(6.6) |
(17.6) |
|
Adjustments to acquisitions and disposals in prior years |
(7.8) |
6.7 |
(1.1) |
|
|
At 31 July 2008 |
60.7 |
258.5 |
135.0 |
454.2 |
|
Net book value at 31 July 2008 |
110.7 |
131.4 |
54.2 |
296.3 |
|
Net book value at 31 July 2007 |
92.4 |
123.7 |
44.8 |
260.9 |
|
Net book value at 6 August 2006 |
166.8 |
246.0 |
85.0 |
497.8 |
* For the period ending 31 July 2007 the additions and the depreciation charge include the respective costs and charge for discontinued operations and disposal groups for the period prior to becoming a disposal group.
The impairment charge of £8.1m in the period ended 31 July 2007 arose when property, plant and equipment was written down to fair value less costs to sell prior to being classified as being held for sale. The charge has been recognised in the results of John Crane.
|
2008 |
2007 |
|
|
Capital expenditure commitments – contracted but not provided for |
11.5 |
16.9 |