Service properties are used to provide services to blind and partially sighted people. Of the net book value of property used by the group, £17,385,000 (2010: £17,810,000) represents leaseholds of more than 50 years whilst £1,897,000 (2010: £1,621,000) represents leaseholds of less than 50 years.
Service property under construction relates to works carried out to date in respect of the RNIB Pears Centre for Specialist Learning.
A transfer has been made to the designated service properties fund in the sum of £11,097,000 comprising additions of £11,218,000 less £121,000 disposals in the year.
A transfer has been made to the designated other fixed assets fund in the sum of £605,000 comprising additions of £607,000 less £2,000 disposals in the year.
Some talking book players are still held under finance lease agreements at 31 March 2011 but have been fully depreciated. Included in Talking Book Service expenditure is interest payable of £30,000 (2010: £69,000) and a depreciation charge of £nil (2010: £98,000) which relates to leased talking book players.
The net book values of fixed assets of the associated charities are held within the restricted funds as set out in note 20.