Pdf
Investment
property
£000
Leasehold
property
£000
Motor
vehicles
£000
Office
equipment
£000
Fixtures
and fittings
£000
Total
£000
Cost or fair value
At 30 June 20128,8015499689239
Additions106482156
Disposals(32)(32)
Transfer to inventories(1,120)
At 30 June 20137,681512314491363
Additions939351
Disposals(17)(17)
At 30 June 20147,681511518394397
Depreciation
At 30 June 20123475566171
Depreciation charge116201249
Disposals(30)(30)
At 30 June 20134337578190
Depreciation charge12934771
Disposals(17)(17)
At 30 June 201454510985244
Net book value
At 30 June 20147,68170749153
At 30 June 20137,6811906913173
At 30 June 20128,80122412368

All investment property is stated at cost and reviewed annually for impairment.

The investment property was valued by CBRE Ltd in March 2013 in accordance with the current edition of the RICS Valuation Professional Standards, published by the Royal Institution of Chartered Surveyors, at £9.64 million. Investment property continues to be held by the Group for long term investment. The property is recorded as an investment property and is valued by the Directors on a deemed cost basis at £7,681,000, which was the fair value of the property on acquisition. The investment property is not depreciated, as it is reviewed annually for impairment. An explanation of the fair value of the investment property is included in note 27.

The historical cost of the investment property at 30 June 2014 as noted in Poole Investments Limited's financial statements is £1,093,693 (2013: £1,093,693).

The direct operating expenses for the period arising from the investment property was £nil (2013: £11,000). The investment property generated no rental income during the period.