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Annual Report 2007

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Annual Report 2007

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6. Tangible fixed assets

   

 

  
   
     
   
     
Group  
Freehold
land stadium
stadium fittings
and equipment £m
Long term
leasehold
property
£m
Ground
and office
equipment
and vehicles
£m
Assets in the
course of
construction
£m
Total
£m
Cost  
       
At 1 July 2006  
91.4
0.5
12.5
43.4
147.8
Additions    
0.6
–
2.5
37.1
40.2
At 30 June 2007    
92.0
0.5
15.0
80.5
188.0
             
Depreciation            
At 1 July 2006  
38.1
0.2
8.6
–  
46.9
Charge for the year   
2.9
 
–
 
 2.9
 
 1.6
 
7.4
 
At 30 June 2007    
41.0
0.2
11.5
1.6
54.3
             
Net book value            
At 30 June 2007  
51.0
0.3
3.5
78.9
133.7
At 30 June 2006  
53.3
0.3
3.9
43.4
100.9
   
Parent  
 
 
 
 
 
Cost  
At July 2006  
91.4
0.5
9.4
43.4
144.7
Additions  
0.6
–  
2.2
37.1
39.9
At 30 June 2007  
92.0
0.5
11.6
80.5
184.6
   
Depreciation  
At 1 July 2006  
38.1
0.2
7.0
–  
45.3
Charge for the year  
2.9
–
2.5
1.6
7.0
At 30 June 2007  
41.0
0.2
9.5
1.6
52.3
             
Net book value            
At 30 June 2007  
51.0
0.3
2.1
78.9
132.3
At 30 June 2006  
53.3
0.3
2.4
43.4
99.4
             
Assets held under finance leases, capitalised and included in tangible assets
2007
2006
         
£m
£m
Cost        
0.7
0.7
Accumulated depreciation        
(0.4)
(0.2)
Net book value        
0.3
0.5
Included in freehold land, stadium, stadium fittings and equipment of the Group and of the Parent is £4.5m (2006: £4.5m) in respect of freehold land which is not subject to depreciation.
The net book value of interest capitalised is £4.1m (2006: £4.3m).
Assets in the course of construction relates to the South Stand Development Project. The project was 60% complete at year end and it is anticipated the entire project will be complete in 2008. Depreciation on assets in the course of construction relates to the parts of the project which have been completed during the year.