11. Property, plant and equipment

Land and
buildings
£m
Fixtures,
fittings
and
equipment
£m
Payments on
account and
assets in
course of
construction
£m
Total
£m
Cost
At 1 April 201157.5311.10.2368.8
Additions3.114.517.6
Disposals(0.5)(5.0)(5.5)
Reclassifications0.10.1(0.2)
At 30 March 201260.2320.7380.9
Additions4.29.91.015.1
Disposals(5.2)(84.5)(89.7)
Reclassifications
At 29 March 201359.2246.11.0306.3
Depreciation
At 1 April 201125.6240.6266.2
Depreciation for the period3.617.521.1
Disposals(0.3)(4.0)(4.3)
At 30 March 201228.9254.1283.0
Depreciation for the period3.816.119.9
Impairment charge0.80.8
Disposals(4.7)(83.3)(88.0)
At 29 March 201328.0187.7215.7
Net book value at 29 March 201331.258.41.090.6
Net book value at 30 March 201231.366.697.9

No fixed assets are held as security for external borrowings.

Included in the above are assets held under finance leases as follows:

Land and
Buildings
(1)
£m
Fixtures,
fittings, and
equipment
£m
Total
£m
As at 29 March 2013
Cost12.70.813.5
Accumulated depreciation(4.6)(0.8)(5.4)
Net book value8.18.1
As at 30 March 2012
Cost12.70.813.5
Accumulated depreciation(4.1)(0.8)(4.9)
Net book value8.68.6
  1. Relates to the Halfords support centre building lease, which expires in 2028.

Finance lease liabilities are payable as follows:

Minimum
lease
payments
2013
£m
Interest
2013
£m
Principal
2013
£m
Minimum
lease
payments
2012
£m
Interest
2012
£m
Principal
2012
£m
Less than one year1.00.70.31.00.70.3
Between one and five years4.52.61.94.42.71.7
More than five years12.43.49.013.54.09.5
17.96.711.218.97.411.5