Tesco 2006 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2006 Tesco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

66 Tesco plc
Notes to the financial statements continued
Note 12 Investment property
£m
Cost
At 26 February 2005 595
Foreign currency translation 36
Additions 21
Transfers 194
Classified as held for sale (58)
Disposals (3)
At 25 February 2006 785
Accumulated depreciation and impairment losses
At 26 February 2005 30
Foreign currency translation 2
Charge for the period 9
Classified as held for sale (1)
At 25 February 2006 40
Net carrying value
At 25 February 2006 745
At 26 February 2005 565
Cost
At 28 February 2004 491
Foreign currency translation 49
Additions 96
Transfers 14
Disposals (55)
At 26 February 2005 595
Accumulated depreciation and impairment losses
At 28 February 2004 18
Foreign currency translation 6
Charge for the period 8
Disposals (2)
At 26 February 2005 30
Net carrying value
At 26 February 2005 565
At 28 February2004 473
The estimated fair value of the Group’s Investment property is £1,373m (2005 – £899m). This value has been determined by
applying an appropriate rental yield to the rentals earned by the Investment property. A valuation has not been performed by
an independent valuer.