20 PLANT AND EQUIPMENT.


The initial cost of an item of plant or equipment is capitalised where it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The cost is then depreciated on a straight line basis over the item’s estimated useful working life.

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2011
£m

 

2010
£m

Cost

 

 

 

As at 1 January

159

 

147

Additions

27

 

20

Disposals

(10)

 

(8)

As at 31 December

176

 

159

 

 

 

 

Depreciation

 

 

 

As at 1 January

95

 

86

Provided during the year

13

 

16

Disposals

(10)

 

(7)

As at 31 December

98

 

95

Net book value at 31 December

78

 

64

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