P A G E | 147 EALING COUNCIL DRAFT STATEMENT OF ACCOUNTS 2025/26
Note 3 Property, Plant and Equipment
Property, Plant & Equipment Movements in 2025/26Council Dwellings £000'sOther Land & Buildings £000'sOther Land & Buildings (PFI) £000'sVehicles, Plant & Equipment £000'sCommunity Assets £000'sSurplus Assets £000'sAssets Under Construction £000'sTotal Property, Plant & Equipment £000'sIntangible Assets £000's
Cost or Valuation
At 1 April 2025942,2951,056,612223,12375,41750,1093,294210,4622,561,31215,962
Additions38,43743,7081,3355,4621,768-135,208225,918152
* Revaluation increases/(decreases) recognised in the Revaluation Reserve(16,678)20,335(3,391)-70232-568-
Revaluation increases/(decreases) recognised in the Surplus/Deficit on the Provision of Services(29,799)(8,922)--1,775(5)-(36,951)-
Derecognition - disposals(7,551)------(7,551)-
Derecognition - other(61)(7,886)-(426)--(64)(8,437)-
Other Reclassifications8,1492,374----(11,745)(1,222)-
At 31 March 2026934,7921,106,221221,06780,45353,7223,521333,8612,733,63716,114
Accumulated Depreciation and Impairment
At 1 April 2025(4,118)(24,978)-(54,134)(116)(6)(11,225)(94,577)(7,241)
Depreciation charge(13,655)(35,760)(3,999)(4,668)(750)(84)-(58,916)(1,259)
* Depreciation written out to the Revaluation Reserve10,32220,1103,999--18-34,449-
Depreciation written out to the Surplus/Deficit on the Provision of Services3,5724,680---19-8,271-
Impairment losses/reversals to Surplus/Deficit on Provision of Services(58)------(58)-
Derecognition - disposals86------86-
Derecognition - other35,493-385---5,881-
At 31 March 2026(3,848)(30,455)-(58,417)(866)(53)(11,225)(104,864)(8,500)
Net Book Value
At 31 March 2026930,9441,075,766221,06722,03652,8563,468322,6362,628,7737,614
At 31 March 2025938,1761,031,634223,12321,28549,9933,288199,2362,466,7358,721
Note: The opening net book value in 2024/25 includes £74,801k on transition of IFRS 16 Leases.