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Notes to the Consolidated Financial Statements


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11 Property, plant and equipment

11 Property, plant and equipment
All figures in millions Land and buildings Plant and equipment Assets in course of construction Total
Cost
At 1 January 2003 319 619 20 958
Exchange differences (19) (28) (3) (50)
Additions 12 52 14 78
Disposals (15) (55) - (70)
Acquisition through business combination 5 19 - 24
Disposal through business disposal (2) (6) - (8)
Reclassifications 1 9 (10) -
At 31 December 2003 301 610 21 932
Exchange differences (9) (10) (1) (20)
Additions 14 81 8 103
Disposals (13) (39) - (52)
Acquisition through business combination 1 4 - 5
Disposal through business disposal (4) - - (4)
Reclassifications - 13 (13) -
Transfer to non-current assets held for sale (14) (81) (2) (97)
At 31 December 2004 276 578 13 867
Exchange differences 18 40 - 58
Transfers - 13 - 13
Additions 32 41 1 74
Disposals (5) (28) - (33)
Acquisition through business combination 3 6 - 9
Reclassifications - 7 (7) -
At 31 December 2005 324 657 7 988
Depreciation
At 1 January 2003 (104) (419) - (523)
Exchange differences 10 17 - 27
Charge for the year (16) (69) - (85)
Disposals 7 53 - 60
Acquisition through business combination - (14) - (14)
Disposal through business disposal 1 4 - 5
At 31 December 2003 (102) (428) - (530)
Exchange differences 4 5 - 9
Charge for the year (16) (68) - (84)
Disposals 6 38 - 44
Acquisition through business combination - (4) - (4)
Disposal through business disposal 4 - - 4
Transfer to non-current assets held for sale 2 47 - 49
At 31 December 2004 (102) (410) - (512)
Exchange differences (7) (33) - (40)
Charge for the year (17) (63) - (80)
Disposals - 30 - 30
Acquisition through business combination - (2) - (2)
At 31 December 2005 (126) (478) - (604)
Carrying amounts
At 1 January 2003 215 200 20 435
At 31 December 2003 199 182 21 402
At 31 December 2004 174 168 13 355
At 31 December 2005 198 179 7 384

Depreciation expense of 19m (2004: 17m; 2003: 15m) has been included in the income statement in cost of goods sold, 7m (2004: 6m; 2003: 6m) in distribution expenses and 54m (2004: 55m; 2003: 58m) in administrative and other expenses. In 2004 6m (2003: 6m) relates to discontinued operations.

The Group leases certain equipment under a number of finance lease agreements. The net carrying amount of leased plant and equipment included within property, plant and equipment was 3m (2004: 3m; 2003: 5m).

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