Financial Statements

Notes to the Consolidated Financial Statementsfor the year to 31 December 2008

14. Property, plant and equipment

Freehold land and buildings
£m
Plant and equipment
£m
Total
£m
Cost or valuation  
At 1 January 2007 9.6 63.6 73.2
Additions 13.6 13.6
Disposals (1.5) (13.3) (14.8)
Acquisition of George Wimpey Plc 1.2 15.2 16.4
Changes in exchange rates 0.3 0.3
At 31 December 2007 9.3 79.4 88.7
Additions 10.9 10.9
Disposals (8.1) (34.4) (42.5)
Changes in exchange rates 0.3 4.9 5.2
At 31 December 2008 1.5 60.8 62.3
Accumulated depreciation    
At 1 January 2007 47.7 47.7
Disposals (6.5) (6.5)
Charge for the year 8.3 8.3
Changes in exchange rates 0.2 0.2
At 31 December 2007 49.7 49.7
Disposals (14.7) (14.7)
Charge for the year 7.9 7.9
Changes in exchange rates 3.9 3.9
At 31 December 2008 46.8 46.8

All Freehold land and buildings and all plant and equipment were held at cost at 31 December 2008 (2007: £88.2m held at cost, £0.5m held at 2006 valuation).


Carrying amount
Freehold land and buildings
£m
Plant and equipment
£m
Total
£m
At 31 December 2008 1.5 14.0 15.5
At 31 December 2007 9.3 29.7 39.0