Notes forming part of the Company Financial Statements

32. Property, plant and equipment
33. Investment in subsidiary undertakings
34. Deferred income tax assets
35. Inventories

32. Property, plant and equipment

Land and buildings Plant and equipment Motor Vehicles Computer equipment Total
2012 2012 2012 2012 2012
€’000 €’000 €’000 €’000 €’000
Cost
At 1 October 2011 3,829 5,162 947 5,183 15,121
Additions in year - 32 - 9,737 9,769
Disposals in year - - (66) - (66)
At 30 September 2012 3,829 5,194 881 14,920 24,824
Depreciation
At 1 October 2011 1,030 5,147 924 4,745 11,846
Depreciation charge for the year 77 17 16 933 1,043
Eliminated on disposal - - (66) - (66)
At 30 September 2012 1,107 5,164 874 5,678 12,823
Carrying amount
At 30 September 2012 2,722 30 7 9,242 12,001
           

Land and buildings Plant and equipment Motor Vehicles Computer equipment Total
2011 2011 2011 2011 2011
€’000 €’000 €’000 €’000 €’000
Cost
At 1 October 2010 3,829 5,144 1,015 4,371 14,359
Additions in year - 18 - 812 830
Disposals in year - - (68) - (68)
At 30 September 2011 3,829 5,162 947 5,183 15,121
Depreciation
At 1 October 2010 953 5,018 976 4,242 11,189
Depreciation charge for the year 77 129 16 503 725
Eliminated on disposal - - (68) - (68)
At 30 September 2011 1,030 5,147 924 4,745 11,846
Carrying amount
At 30 September 2011 2,799 15 23 438 3,275
No borrowings are secured on the above assets.

33. Investment in subsidiary undertakings

2012 2011
€’000 €’000
Cost
At beginning of year 81,214 69,327
Additions in year - 11,175
Share options granted to employees of subsidiary undertakings 487 712
At end of year 81,701 81,214
The significant subsidiaries are detailed in note 45.

 

 

34. Deferred income tax assets

2012 2011
€’000 €’000
At beginning of year 877 1,006
Temporary differences - arising in income 152 (33)
Employee benefits - arising in other comprehensive income 244 (96)
At end of year 1,273 877

 

 

35. Inventories

2012 2011
€’000 €’000
Finished goods 51,125 41,813
In 2012, finished goods recognised as cost of sales amounted to €651,794,000 (2011: €612,889,000). There was no material write-down of inventories to net realisable value during the years ended 30 September 2012 and 2011.
Current replacement cost does not differ materially from historical cost.
At 30 September 2012, the level of consignment inventory within the Group amounted to €171,933,000 (2011: €125,831,000). The risks and rewards associated with consignment inventory are not transferred to the Group until the inventory is sold to customers.