Notes to financial statements for the year ended 31 March 2009 14 Property, plant and equipment Group owner Other land Plant, occupied and equipment property buildings and vehicles Total £ m £ m £ m £ m Cost At 1 April 2008 17.9 22.5 385.5 425.9 Additions 1.8 5.8 98.7 106.3 Acquisitions - - 2.5 2.5 Disposals ( 0.5) ( 1.2) ( 29.8) ( 31.5) Exchange differences 0.5 2.5 21.4 24.4 At 31 March 2009 19.7 29.6 478.3 527.6 Accumulated depreciation At 1 April 2008 1.1 6.9 156.0 164.0 Depreciation charge for the year 0.3 2.6 58.1 61.0 Disposals ( 0.1) ( 0.8) ( 13.1) ( 14.0) Exchange differences 0.2 1.1 10.6 11.9 At 31 March 2009 1.5 9.8 211.6 222.9 Net book value at 31 March 2009 18.2 19.8 266.7 304.7 Cost At 1 April 2007 17.0 19.1 326.0 362.1 Additions/ transfers in 0.7 4.0 88.4 93.1 Disposals ( 0.5) ( 0.7) ( 31.0) ( 32.2) Exchange differences 0.7 0.1 2.1 2.9 At 31 March 2008 17.9 22.5 385.5 425.9 Accumulated depreciation At 1 April 2007 0.8 5.3 129.8 135.9 Depreciation charge for the year 0.2 2.0 50.1 52.3 Disposals - ( 0.4) ( 24.3) ( 24.7) Exchange differences 0.1 - 0.4 0.5 At 31 March 2008 1.1 6.9 156.0 164.0 Net book value at 31 March 2008 16.8 15.6 229.5 261.9 No impairment charges were made during the year ( 2008: £ nil). Acquisitions relate solely to the purchase of the Hecdal scaffolding business in Australia.

Laing O'Rourke Annual Review 2009 Financial statements 74- 75 14 Property, plant and equipment ( continued) Finance leases: Included in ' plant, equipment and vehicles' are assets held under finance leases at the following amounts: 2009 2008 £ m £ m Cost at 1 April 230.7 176.1 Accumulated depreciation at 1 April ( 73.1) ( 55.1) Net book value at 1 April 157.6 121.0 Additions/ acquisitions 41.1 70.1 Cost of disposals/ transfers out ( 25.6) ( 15.8) Depreciation on disposals/ transfers out 25.4 10.9 Depreciation charge for the year ( 33.7) ( 28.9) Exchange differences 0.5 0.3 Net book value at 31 March 165.3 157.6 15 Investment property Freehold Freehold 2009 2008 £ m £ m Net book value at 1 April 9.5 9.9 Additions/ transfers in 10.5 - Disposals/ transfers out - ( 0.3) Exchange differences ( 0.2) - Fair value adjustments ( 1.8) ( 0.1) Net book value at 31 March 18.0 9.5 The investment property income earned by the Group, all of which was received under operating leases, amounted to £ 0.6m ( 2008: £ 0.5m) and is shown as revenue in the income statement. Direct operating expenses arising on the investment properties in the year amounted to £ 0.1m ( 2008: £ 0.1m). 16 Available- for- sale financial assets 2009 2008 £ m £ m At 1 April 10.5 3.2 Additions 1.3 8.5 Exchange differences 1.7 0.5 Net losses transferred to equity ( 4.5) ( 1.7) At 31 March 9.0 10.5 Available- for- sale financial assets include the following: Listed securities 8.3 8.5Unlisted securities 0.7 2.0 9.0 10.5 The fair value of available- for- sale financial assets are recognised at quoted prices in active markets.