Capital expenditure
| 12 months to 31st March (£m) | 2005 | 2006 |
|---|---|---|
| Group | ||
| Capital expenditure | 288 | 200 |
| Depreciation charge | 146 | 190 |
| Boots The Chemists | ||
| Capital expenditure | 225 | 150 |
| Depreciation charge | 100 | 130 |
Notes
Capital expenditure for the Group was £288 million in the year to March 2005 with a depreciation charge of £146 million. Within this capital spend at Boots The Chemists was £225 million with depreciation of £100 million.
Looking forward to this year, we expect capital expenditure will be lower as we take account of the tougher trading environment. Spend is expected to be around £200 million for Group and around £150 million at BTC and we expect these to be the typical levels of capital expenditure in the medium term.
As we continue to renew the infrastructure of the business, depreciation is expected to rise to £190 million for the Group and £130 million for BTC.
