Page 36

Notes to the financial statements 11

for the year ended 31 March 2012

Tangible assetts Plant and equipment, Long

Freehold

fixtures

leasehold

land and

and motor

properties

properties

vehicles

Total

£'000

£'000

£'000

£'000

At 1 April 2011

798

11,352

15,630

27,780

Acquisitions (see note 28)

481

2,872

716

4,069

The Group

Cost

Additions

-

-

1,290

1,290

Revaluation

-

(1,296)

-

(1,296)

Disposals At 31 March 2012

-

-

(1,244)

(1,244)

1,279

12,928

16,392

30,599

222

1,433

11,020

12,675

Accumulated depreciation At 1 April 2011 Charge for the year

-

373

1,528

1,901

Impairment (see note 6)

-

3,382

1,049

4,431

Disposals At 31 March 2012

-

-

(1,154)

(1,154)

222

5,188

12,443

17,853

1,057

7,740

3,949

12,746

576

9,919

4,610

15,105

Net book value At 31 March 2012 At 31 March 2011

The company has no tangible assets at 31 March 2012 and 2011. As part of the reorganisation undertaken during the year, management have taken the decision to wind down the activities of Keepmoat Site Services Limited. Consequently an impairment of £1,049,000 has been made to the carrying value of plant and equipment to reflect the recoverable amount of certain Keepmoat Site Services Limited assets. A review was also undertaken of the value of the group freehold land and property as at 31 March 2012 using independent qualified valuers. This identified an impairment to the carrying value of the group’s freehold property of £3,382,000 (see note 6) and decrease in the revaluation reserve of £1,296,000 (see note 19).

34

Keepmoat Annual Report and Financial Statements 2012

Keepmoat plc Annual report and accounts 2012  
Keepmoat plc Annual report and accounts 2012  
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