Strategic Review


68 Finsbury Food Group Annual Report & Accounts 2019


Notes to the Consolidated Financial Statements


Corporate Governance


Financial Statements


12. Property, Plant and Equipment


Land and buildings £000


Cost


Balance at 1 July 2017 Additions Transfers Disposals


Balance at 30 June 2018


Balance at 30 June 2018 Exchange adjustments Additions


Acquisitions Transfers Disposals


Balance at 29 June 2019


Accumulated depreciation and impairment Balance at 1 July 2017 Impairment


Depreciation charge for the financial period Transfers Disposals


Balance at 30 June 2018


Balance at 30 June 2018 Exchange adjustments


Depreciation charge for the financial period Transfers Disposals


Balance at 29 June 2019


Net book value At 1 July 2017 At 30 June 2018 At 29 June 2019


15,324 2,655 1,917 (570)


19,326


19,326 -


122


3,289 -


(157) 22,580


(5,526) -


(461) (153) 570


(5,570)


(5,570) -


(782) -


157 (6,195) 9,798


13,756 16,385


84,339 3,234 4,099


(17,805) 73,867


73,867 -


6,056 2,188 264


(30) 82,345


(51,109) (718)


(5,785) 149


17,743 (39,720)


(39,720) -


(6,120) -


190 (45,650)


33,230 34,147 36,695


4,744 337 39


(57) 5,063 5,063 (23)


225 289 73


(96) 5,531


(3,011) -


(795) 4


63 (3,739)


(3,739) (42)


(464) -


84 (4,161)


1,733 1,324 1,370


Leased Plant and Equipment The net book value of assets held under finance lease or hire purchase contracts included above is as follows:


2019 £000


Plant and equipment 1,373


2018 £000


-


Security HSBC Bank Plc, HSBC Asset Finance (UK) Ltd, HSBC Equipment Finance (UK) Ltd and HSBC Corporate Trustee Company (UK) Limited have debentures incorporating fixed and floating charges over the undertaking and all property and assets including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery. Hire purchase obligations are secured on the underlying assets.


The lease obligations are secured on leased equipment (see Note 18).


4,096 2,654


(6,055) -


695


695 -


2,201 -


(337) -


2,559


- - - - - -


- - - - - -


4,096 695


2,559


108,503 8,880 -


(18,432) 98,951


98,951 (23)


8,604 5,766 -


(283) 113,015


(59,646) (718)


(7,041) -


18,376 (49,029)


(49,029) (42)


(7,366) -


431 (56,006)


48,857 49,922 57,009


Plant and equipment £000


Fixtures and fittings £000


Assets under construction £000


Total £000


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