DUNELM GROUP PLC - Annual Report and Accounts 2021 (204/230)

DUNELM GROUP PLC - Annual Report and Accounts 2021DUNELM GROUP PLC - Annual Report and Accounts 2021 (204/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (1/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (2/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Strategic report - 2021 performance summary (3/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Introduction from our CEO (4/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Our purpose (5/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Ambitious about our brand (6/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (7/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Ambitious about being a good company (8/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (9/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Ambitious about profitable growth (10/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (11/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - 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Annual Report and Accounts 2021 - (149/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (150/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (151/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (152/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (153/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (154/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Implementation report (155/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (156/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (157/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (158/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (159/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (160/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (161/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (162/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (163/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (164/230)DUNELM GROUP PLC - 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Annual Report and Accounts 2021 - (222/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Notes to the Parent Company Financial Statements (223/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (224/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (225/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Other information (226/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Advisers and contacts (227/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - Store listing (228/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (229/230)DUNELM GROUP PLC - Annual Report and Accounts 2021 - (230/230) Financial statements Notes to the Consolidated Financial Statements continued For the 52 weeks ended 26 June 2021 10 Property, plant and equipment Freehold land Leasehold Plant and Refit Fixtures and and buildings improvements machinery improvements fittings Total £’m £’m £’m £’m £’m £’m Cost At 30 June 2019 92.1 158.9 5.8 7.4 112.0 376.2 Additions 5.6 7.3 0.2 1.6 7.2 21.9 Disposals – (14.6) (0.2) – (5.1) (19.9) At 27 June 2020 97.7 151.6 5.8 9.0 114.1 378.2 Additions – 3.1 1.9 0.7 7.1 12.8 Disposals – (6.7) (0.1) – (4.6) (11.4) At 26 June 2021 97.7 148.0 7.6 9.7 116.6 379.6 Accumulated depreciation At 30 June 2019 14.2 83.4 4.7 2.1 91.2 195.6 Charge for the financial period 1.6 12.2 0.4 1.1 10.6 25.9 Disposals – (14.4) (0.2) – (5.1) (19.7) Impairment 0.6 0.4 – – – 1.0 At 27 June 2020 16.4 81.6 4.9 3.2 96.7 202.8 Charge for the financial period 1.7 11.8 0.3 1.4 9.3 24.5 Disposals – (6.2) (0.1) – (4.2) (10.5) Impairment – 0.1 – – 0.1 0.2 At 26 June 2021 18.1 87.3 5.1 4.6 101.9 217.0 Net book value At 30 June 2019 77.9 75.5 1.1 5.3 20.8 180.6 At 27 June 2020 81.3 70.0 0.9 5.8 17.4 175.4 At 26 June 2021 79.6 60.7 2.5 5.1 14.7 162.6 All depreciation and impairment charges have been included within operating costs in the Consolidated Income Statement. The impairment of £0.2m (2020: £1.0m) relates to store impairment as well as the prior year impairment of the Group’s head office. The recoverable amount has been determined as the value in use applying a discount rate of 10.0% (2020: 10.0%). 11 Leases Right-of-use assets included in the Consolidated Statement of Financial Position at 26 June 2021 were as follows: 2021 2021 Motor vehicles, Land and plant and 2021 2020 buildings equipment Total Total £’m £’m £’m £’m At the beginning of the period 275.6 7.7 283.3 294.3 Additions 22.6 2.9 25.5 34.9 Disposals – (0.1) (0.1) (0.4) Impairment (1.0) – (1.0) (0.4) Depreciation (42.5) (3.2) (45.7) (45.1) At the end of the period 254.7 7.3 262.0 283.3 Right-of-use additions include £1.3m of lease modifications (2020: £0.4m). 202 DUNELM GROUP PLC ANNUAL REPORT & ACCOUNTS 2021