The Christie Foundation Trust Annual Report and Accounts 2021-22

Consolidated Accounts of The Christie NHS Foundation Trust 2021-2022

10.3 Property, Plant and Equipment (continued)

The net book value of land and buildings at 31 March comprises:

Group

Group

2021-2022

2020-2021

£000

£000

Freehold

251,250 39,999 291,249

225,730 22,023 247,753

Long leasehold

Total

10.4 Economic Lives of Non-current Assets

Group

Min Life

Max Life

Intangible assets

Years

Years

Information technology - Internally Generated

1 1

3 5

Software purchased

Property, Plant and Equipment Buildings excluding dwellings

9 1 1

125

Plant and machinery Information technology

20 10

10.5 Impairments charged in the year to the Statement of Comprehensive Income

Group

Group

2021-2022

2020-2021

Property, plant and equipment

Property, plant and equipment

Intangible assets

Intangible assets

£000

£000

£000

£000

Impairments arose from:

New construction brought into use

5,123

0 0 0 0

4,910 5,389 (572) 9,727

0 0 0 0

Changes in market price Reversal of impairments

0

(13,039) (7,916)

Total

The existing buildings have been revalued and changes reflect movements in general market prices. In addition, the Trust completed and brought into use the new Macclesfield satellite centre and a new tiered car park on its Withington main site, resulting in impairments when brought into use.

Group 2020-2021 Re-stated*

10.6 Net book value of assets held under finance leases

2021-2022 Group

Buildings

PFI

Total

Buildings excluding dwellings

PFI

Total

excluding arrangements

arrangements

dwellings

£000

£000

£000

£000

£000

£000

Cost or valuation at 1 April

20,023 (1,872) 20,432

1,062

21,085 (1,872) 20,432

21,033

1,062

22,095

Impairments

0 0 0 0

(294)

0 0 0 0 0

(294)

Re-classifications

0 0

0 0

Reversal of impairments credited to operating expenses

876 540

876 540

Revaluation

(716)

(716)

Disposals/de-recognition Gross Cost at 31 March

(1,062) 39,999

0

0

0

(1,062)

39,999

0

20,023

1,062

21,085

Accumulated Depreciation Accumulated Depreciation at 1 April

0

1,062

1,062

0

1,062

1,062

Charged during the year

438

0 0

438

450

0 0 0

450

Revaluation

(438)

(438)

(450)

(450)

Disposals/de-recognition

0 0

(1,062)

(1,062)

0 0

0

Accumulated Depreciation at 31 March

0

0

1,062

1,062

Net book value at 31 March

39,999

0

39,999

20,023

0

20,023

Net book value - purchased at 31 March Net book value - Charity funded at 31 March

12,023 27,976 39,999

0 0 0

12,023 27,976 39,999

8,803

0 0 0

8,803

11,220 20,023

11,220 20,023

Net book value at 31 March

The Finance Leases for Buildings consist of:

Net Book value

Net Book value

2021-2022

2020-2021

£000 8,099

£000 7,565

Salford Satellite - Exchequer funded Oldham Satellite - Charity funded Macclesfield satellite - Exchequer funded Macclesfield satellite - Charity funded

11,273

10,527

2,598

0 0

15,961

MCRC Exchequer funded MCRC Charity funded Net book value at 31 March

1,326

1,238

742

693

39,999

20,023

* Restated 2020-21 - This included the incorrect cost on the PFI asset. The PFI asset has been disposed of in 2021-22

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