13. Tangible fixed assets
| a) The Group | Freehold land and buildings £m |
Plant, machinery and equipment £m |
Assets in course of construction £m |
Total £m |
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| Cost | |||||
| At 1 January 2003 | 82 | 2,903 | 88 | 3,073 | |
| Additions | 4 | 68 | 48 | 120 | |
| Compensation for long-term performance shortfalls | – | (127) | – | (127) | |
| Reclassifications and transfers | 2 | 98 | (111) | (11) | |
| Disposals | (1) | (5) | – | (6) | |
| Exchange rate differences | 2 | 76 | (2) | 76 | |
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| At 31 December 2003 | 89 | 3,013 | 23 | 3,125 | |
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| Depreciation and diminution in value | |||||
| At 1 January 2003 | 18 | 582 | – | 600 | |
| Provided during the year | 3 | 105 | – | 108 | |
| Impairment | – | 404 | – | 404 | |
| Compensation for long-term performance shortfalls | – | (33) | – | (33) | |
| Reclassifications and transfers | – | (5) | – | (5) | |
| Disposals | – | (3) | – | (3) | |
| Exchange rate differences | 1 | 5 | – | 6 | |
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| At 31 December 2003 | 22 | 1,055 | – | 1,077 | |
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| Net book value at 31 December 2003 | 67 | 1,958 | 23 | 2,048 | |
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| Net book value at 31 December 2002 | 64 | 2,321 | 88 | 2,473 | |
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Interest capitalised in the year was £2 million. On a cumulative basis, the net book value of interest capitalised is £85 million.
The total value of land that is not depreciated included within freehold land and buildings is £27 million (31 December 2002: £28 million).
| b) The Company | Freehold land and buildings £m |
Plant, machinery and equipment £m |
Total £m |
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| Cost | ||||
| At 1 January 2003 | 1 | 5 | 6 | |
| Additions | – | – | – | |
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| At 31 December 2003 | 1 | 5 | 6 | |
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| Depreciation and diminution in value | ||||
| At 1 January 2003 | 1 | 3 | 4 | |
| Provided during the year | – | 1 | 1 | |
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| At 31 December 2003 | 1 | 4 | 5 | |
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| Net book value at 31 December 2003 | – | 1 | 1 | |
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| Net book value at 31 December 2002 | – | 2 | 2 | |
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