=+1. Property, plant and equipment

€m Cost:

At | January 2003 800 Additions 620 Disposals (370)

At 31 December 2003 1,050 Accumulated depreciation:

At 1 January 2003 320 Charge for the year 150 On disposals (200)

At 31 December 2003 270)

Net book value:

At 31 December 2003 = 780 At 31 December 2003 480