Notes to the accounts

**12 Tangible fixed assets**
	Freehold property £m	Leasehold property £m	Plant and equipment £m	Total £m
Group
Cost:
As at 1 January 2004	68.0	5.0	127.0	200.0
Exchange adjustments	(0.9)	(0.3)	(0.8)	(2.0)
Additions	2.0	0.6	13.9	16.5
Acquisition of subsidiary undertakings	0.4	-	1.2	1.6
Transfers	(0.2)	1.1	(2.8)	(1.9)
Disposals and write offs	(0.4)	-	(7.2)	(7.6)
As at 31 December 2004	68.9	6.4	131.3	206.6
Depreciation:
As at 1 January 2004	14.1	3.6	89.9	107.6
Exchange adjustments	-	(0.3)	(1.1)	(1.4)
Charge for the year	1.9	0.6	10.9	13.4
Acquisition of subsidiary undertakings	-	-	0.9	0.9
Transfers	0.9	-	(2.0)	(1.1)
Disposals and write offs	-	-	(6.5)	(6.5)
As at 31 December 2004	16.9	3.9	92.1	112.9
Net book value:
As at 31 December 2004	52.0	2.5	39.2	93.7
As at 1 January 2004	53.9	1.4	37.1	92.4
The book value of non-depreciated land included above is £10.3m (2003: £10.3m).
Transfers include the reclassification of freehold and leasehold property and a net transfer of £0.8m of plant and equipment to stocks.
		Leasehold property £m	Plant and equipment £m	Total £m
Company
Cost:
As at 1 January 2004 and 31 December 2004		0.3	0.5	0.8
Depreciation:
As at 1 January 2004 and 31 December 2004		0.2	0.5	0.7
Net book value:
As at 1 January 2004 and 31 December 2004		0.1	-	0.1

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