Note 13: Tangible assets

Group	Short leasehold premises £'000		Office equipment £'000		Office furniture £'000		Motor vehicles £'000		Assets in the course of Construction1 £'000		Total £'000
Cost
At 1 August 2006	2,584		4,983		1,103		130		250		9,050
Exchange differences	(90	)	(131	)	(38	)	5		-		(254	)
Additions	313		680		92		-		525		1,610
Disposals	(189	)	(623	)	(158	)	(35	)	-		(1,005	)
At 31 July 2007	2,618		4,909		999		100		775		9,401
Accumulated depreciation
At 1 August 2006	1,257		3,866		804		60		-		5,987
Exchange differences	(56	)	(106	)	(31	)	2		-		(191	)
Charge for the year	578		741		123		23		-		1,465
Disposals	(100	)	(577	)	(147	)	(27	)	-		(851	)
At 31 July 2007	1,679		3,924		749		58		-		6,410
Net book value
At 31 July 2007	939		985		250		42		775		2,991
At 31 July 2006	1,327		1,117		299		70		250		3,063

The net book value of tangible fixed assets for the Group includes assets held under finance lease contracts as follows: £775,000 of assets in the course of construction (2006: £250,000), £20,000 of short leasehold premises (2006: £nil) and £96,000 of office equipment and furniture (2006: 71,000).

 

Company	Short leasehold premises £'000		Office equipment £'000		Assets in the course of construction £'000		Total £'000
Cost
At 1 August 2006	16		431		250		697
Additions	-		12		525		537
At 31 July 2007	16		443		775		1,234
Accumulated depreciation
At 1 August 2006	1		380		-		381
Charge for the year	7		43		-		50
At 31 July 2007	8		423		-		431
Net book value
At 31 July 2007	8		20		775		803
At 31 July 2006	15		51		250		316