12. Tangible Assets - Halfords Annual Report 2016

	Land and buildings £m	Fixtures, fittings and equipment £m	Payments on account and assets in course of construction £m	Total £m
Cost
At 28 March 2014	63.0	165.9	1.5	230.4
Additions	6.0	24.0	—	30.0
Disposals	(1.9)	(5.9)	—	(7.8)
Reclassifications	0.2	1.3	(1.5)	—
Transfer from intangible assets	—	0.6	—	0.6
At 3 April 2015	67.3	185.9	—	253.2
Additions	6.6	21.2	—	27.8
Disposals	(1.0)	(1.9)	—	(2.9)
At 1 April 2016	72.9	205.2	—	278.1
Depreciation
At 28 March 2014	31.7	103.5	—	135.2
Depreciation for the period	4.5	15.7	—	20.2
Impairment charge	—	0.7	—	0.7
Disposals	(1.6)	(5.1)	—	(6.7)
At 3 April 2015	34.6	114.8	—	149.4
Depreciation for the period	4.3	19.5	—	23.8
Disposals	(0.9)	(1.5)	—	(2.4)
At 1 April 2016	38.0	132.8	—	170.8
Net book value at 1 April 2016	34.9	72.4	—	107.3
Net book value at 3 April 2015	32.7	71.1	—	103.8

No fixed assets are held as security for external borrowings.

Included in the above are assets held under finance leases as follows:

	Land and buildings¹ £m	Fixtures, fittings, and equipment £m	Total £m
As at 1 April 2016
Cost	12.7	1.4	14.1
Additions	—	1.1	1.1
Accumulated depreciation	(6.1)	(1.1)	(7.2)
Net book value	6.6	1.4	8.0
As at 3 April 2015
Cost	12.7	0.8	13.5
Additions	—	0.6	0.6
Accumulated depreciation	(5.6)	(0.8)	(6.4)
Net book value	7.1	0.6	7.7

Finance lease liabilities are payable as follows:

	Minimum lease payments 2016 £m	Interest 2016 £m	Principal 2016 £m	Minimum lease payments 2015 £m	Interest 2015 £m	Principal 2015 £m
Less than one year	1.4	0.7	0.7	1.4	0.8	0.6
Between one and five years	6.1	2.4	3.7	5.1	2.4	2.7
More than five years	9.1	1.8	7.3	10.2	2.3	7.9
	16.6	4.9	11.7	16.7	5.5	11.2