Annual Review 2007/2008

Tangible Fixed Assets

at 31st March

  Land and buildings
£m
  Plant
and machinery
£m
  Furniture and fittings
£m
  Assets
under  construction
£m
  Total
£m
 
Cost or valuation
At 1 April 2007 55.1   204.3   12.2   18.8   290.4  
Additions 0.4   13.5   3.0   10.8   27.7  
Brought into service 1.0   12.3   2.5   (15.8 ) -  
Disposals -   (0.7 ) (0.2 ) -   (0.9 )
At 31 March 2008 56.5   229.4   17.5   13.8   317.2  

Depreciation
At 1 April 2007 37.3   99.7   5.0   -   142.0
Charge for the year 2.2   20.7   1.8   -   24.7  
Elimination in respect of disposals -   (0.7 ) (0.2 ) -   (0.9 )
At 31 March 2008 39.5   119.7   6.6   -   165.8  
Net book value
At 31 March 2008 17.0   109.7   10.9   13.8   151.4  
At 31 March 2007 17.8   104.6   7.2   18.8   148.4  

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, BBC World Service has retained these revalued assets at their valuation as adjusted for depreciation. BBC World Service does not plan to revalue these assets on an ongoing basis.