Annual Review 2007/2008

Tangible Fixed Assets

Historical cost basis

The net book value of tangible fixed assets included in the preceding table determined on an historical cost basis is as follows:

  Plant and machinery 2008
£m
  Plant and machinery 2007
£m
  Furniture
and fittings 2008
£m
  Furniture
and fittings 2007
£m
 
Cost 284.1   259.0   20.1   14.8  
Depreciation (176.0 ) (156.8 ) (9.2 ) (7.7 )
Net book value 108.1   102.2   10.9   7.1  

Land and buildings at net book value comprise:

  2008
£m
2007
£m
Freeholds 2.3 1.5
Short leaseholds 14.7 16.3
Total 17.0 17.8

The members of the BBC World Service 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 £0.1 million (2007: £0.1 million) which is not depreciated.