Annual Reports Keepmoat Homes Annual Report 2018 | Page 49

Notes to the consolidated financial statements
Keepmoat.com
10 – Property, plant and equipment
Leasehold
property
improvements Freehold
land and
property Plant,
equipment,
fixtures and
fittings Total
£’000 £’000 £’000 £’000
1,142 3,276 6,798 11,216
173 - 837 1,010
Acquisition of subsidiary (note 24) - 588 73 661
Disposals - (1,790) - (1,790)
(1,315) - (3,835) (5,150)
- 2,074 3,873 5,947
Additions 174 - 809 983
Disposals - (2,074) (1,200) (3,274)
174 - 3,482 3,656
806 938 4,932 6,676
- 35 1,122 1,157
162 - 160 322
- (462) - (462)
(968) - (3,802) (4,770)
- 511 2,412 2,923
10 22 848 880
- (533) (879) (1,412)
10 - 2,381 2,391
164 - 1,101 1,265
At 31 March 2017 - 1,563 1,461 3,024
At 31 March 2016 336 2,338 1,866 4,540
Cost
At 1 April 2016
Additions
Reclassified as held for sale (note 7)
At 1 April 2017
At 31 March 2018
Accumulated depreciation
At 1 April 2016
Charge for the year – continuing operations
Charge for the year – discontinued operations
Disposals
Reclassified as held for sale (note 7)
At 1 April 2017
Charge for the year
Disposals
At 31 March 2018
Net book amount
At 31 March 2018
There has been no impairment of property, plant and equipment during the year.
During the year the Company disposed of all its freehold properties, further details are included in note 4.
No freehold properties are subject to fix charges in connection with the Group’s revolving credit facilities (2017: properties
with net book value of £1,590,000). There are floating charges over all remaining assets.
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