Tesco 2003 Annual Report Download - page 36

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34 TESCO PLC
NOTE 11 Intangible fixed assets
Goodwill
£m
Cost
At 23 February 2002 184
Additions at cost (a) 757
At 22 February 2003 941
Amortisation
At 23 February 2002 30
Charge for the period 21
At 22 February 2003 51
Net carrying value
At 22 February 2003 890
At 23 February 2002 154
(a) Goodwill arising from investments in subsidiaries in the year has been capitalised and amortised over 20 years in accordance with the provisions
of FRS 10, ‘Goodwill and Intangible Assets’.
Goodwill arising from investments in joint ventures and associates has been capitalised and amortised over 20 years in
accordance with the provisions of FRS 9, ‘Associates and Joint Ventures’ and FRS 10, ‘Goodwill and Intangible Assets’ and
is included in fixed asset investment additions (note 13).
NOTE 12 Tangible fixed assets
Plant, equipment,
fixtures and
Land and fittings and
buildings motor vehicles Total
£m £m £m
Cost
At 23 February 2002 10,849 3,661 14,510
Currency translation 42 17 59
Additions at cost (a) 1,562 572 2,134
12,453 4,250 16,703
Acquisitions 116 111 227
Disposals (76) (229) (305)
At 22 February 2003 12,493 4,132 16,625
Depreciation
At 23 February 2002 1,365 2,113 3,478
Currency translation 41014
Charge for period 225 356 581
1,594 2,479 4,073
Disposals (56) (220) (276)
At 22 February 2003 1,538 2,259 3,797
Net book value (b) (c)
At 22 February 2003 10,955 1,873 12,828
At 23 February 2002 9,484 1,548 11,032
Capital work in progress included above (d)
At 22 February 2003 553 128 681
At 23 February 2002 348 73 421
notes to the financial statements continued