Minerva Equity Limited - 31 March 2019 Final 19.08.2019 - Flipbook - Page 46
Minerva Equity Limited (formerly DMWSL 881 Limited)
Notes to the financial statements
for the period ended 31 March 2019 (continued)
13 Tangible assets
Group
Cost at 27 March 2018
Acquisitions
Vehicles,
plant,
fixtures,
fittings and
equipment
£m
42.3
Additions
6.4
Disposals
(5.0)
At 31 March 2019
43.7
Accumulated depreciation at 27 March 2018
Charge for the period
On disposals
(4.2)
4.1
At 31 March 2019
(0.1)
Net book value at 31 March 2019
43.6
Net book value at 27 March 2018
-
The net book value of the Group’s tangible fixed assets held under finance leases at 31 March 2019
is £22.8 million. Depreciation was only charged in the period on assets totalling £2.6 million, which
amounted to £0.5 million. The remainder of assets amounting to £20.2 million were acquired at the
period end as part of the acquisition of IWJS and therefore depreciation was not charged in the
period.
The Company had no tangible assets during the year.
44