Annual Report for the year ended 31 December 2008

19. PRoPeRtY, Plant and eQUiPment
notes to tHe FinanCial statements CONTINuED
FOR THE YEAR ENDED 31 DECEMBER 2008
64 The evoluTion Group plc AnnuAl reporT & AccounTs 2008
Leasehold Fixtures Computer Leasehold Fixtures Computer
improvements and fittings equipment Total improvements and fittings equipment Total
2008 2008 2008 2008 2007 2007 2007 2007
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
COST
At 1 January 38 5,417 3,579 9,034 25 5,002 3,062 8,089
Additions – 1,249 752 2,001 13 456 496 965
Acquired with subsidiary – – – – – – 24 24
Write downs – – – – – (41) (3) (44)
exchange differences – 73 25 98 – – – –
Transferred to disposal groups classified as held-for-sale
(refer to note 8) – (692) (114) (806) – – – –
At 31 December 38 6,047 4,242 10,327 38 5,417 3,579 9,034
ACCuMuLATED DEPRECIATION
At 1 January 26 2,759 2,633 5,418 24 1,850 1,878 3,752
Acquired with subsidiary – – – – – – 24 24
charge for the year 3 1,080 682 1,765 2 950 734 1,686
Write downs – – – – – (41) (3) (44)
exchange differences – 53 13 66 – – – –
Transferred to disposal groups classified as held-for-sale
(refer to note 8) – (246) (59) (305) – – – –
At 31 December 29 3,646 3,269 6,944 26 2,759 2,633 5,418
NET BOOk VALuES
AT 31 DECEMBER 9 2,401 973 3,383 12 2,658 946 3,616
At 1 January 12 2,658 946 3,616 1 3,152 1,184 4,337
20. deFeRRed inCome taX
The movement on the deferred income tax account is detailed below:
2008 2007
£'000 £'000
AT 1 JANuARY 9,300 10,973
income statement credit - capital allowances 114 130
income statement (charge)/credit - other temporary differences (7) 99
income statement credit/(charge) - trading losses 1,743 (594)
income statement (charge)/credit - stock options (659) 228
change in income tax rate from 30% to 28% movement in income statement – (547)
equity (charge) - stock options (833) (904)
change in income tax rate from 30% to 28% movement in equity – (87)
Transfer to deferred income tax liabilities – 2
Movement in discontinuing operations throughout the year 552 –
Transferred to disposal groups classified as held-for-sale (830) –
AT 31 DECEMBER 9,380 9,300