15. Property, plant and equipment
As at 31st December 2012
Fixtures,
fittings and
Freehold land Leasehold Motor computer
and buildings improvements vehicles equipment total
£’000 £’000 £’000 £’000 £’000
cost
At 1st January 2012 7,878 5,797 281 21,649 35,605
Acquisitions during the year – – 7 116 123
Additions – 1,760 141 3,446 5,347
Transfer to assets held for sale (1,097) – – – (1,097)
Disposals (4,663) (207) (167) (434) (5,471)
At 31st December 2012 2,118 7,350 262 24,777 34,507
Depreciation and impairment
At 1st January 2012 300 3,496 40 14,278 18,114
Charge for the year – 375 144 2,980 3,499
Disposals – (206) (87) (314) (607)
At 31st December 2012 300 3,665 97 16,944 21,006
carrying amount
At 31st December 2012 1,818 3,685 165 7,833 13,501
As at 31st December 2011
Fixtures,
fittings and
Freehold land Leasehold Motor computer
and buildings improvements vehicles equipment total
£’000 £’000 £’000 £’000 £’000
cost
At 1st January 2011 7,878 3,580 33 18,423 29,914
Acquisitions during the year – 2,219 243 525 2,987
Additions – 8 5 3,230 3,243
Disposals – (10) – (529) (539)
At 31st December 2011 7,878 5,797 281 21,649 35,605
Depreciation and impairment
Financial Statements
At 1st January 2011 150 3,415 22 12,477 16,064
Charge for the year 150 91 18 2,322 2,581
Disposals – (10) – (521) (531)
At 31st December 2011 300 3,496 40 14,278 18,114
carrying amount
At 31st December 2011 7,578 2,301 241 7,371 17,491
Assets held for sale
During the year the Group classified £1,097,000 (2011: £nil) as assets held for sale. This relates to seven freehold properties acquired as part of
the HEAL acquisition in 2010 which are now being actively marketed. These assets are part of the Estate Agency and Related Services segment.
During the year, freehold properties relating to the HEAL acquisition with a book value totalling £4,663,000 (2011: nil) were sold for net proceeds of
£6,178,000 (2011: nil) resulting in a gain on disposal of £1,515,000 (2011: nil) which has been recorded in exceptional items (note 7).
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