=+Property, plant and equipment are depreciated over six years. During 2003, 50% of th inventory was sold

=+Property, plant and equipment are depreciated over six years. During 2003, 50% of thé inventory was sold outside the Group on normal trading terms, with the remaining inventory to be sold in 2004. 546 3. 4, INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING On 30 September 2003, WORK disposed of the whole of its investment in REST for €30,000,000. The taxation payable in connection with the disposal is €1,000,000. The effect of the disposal has not yet been incorporated into the statement of com- prehensive income of WORK. The activities of REST are similar to WORK and the directors of WORK believe that the performance of the Group will not be materially affected following the disposal of REST.