£million
Group
Cost
At 1 January 2001		267.8
Currency translation differences		4.9
At 31 December 2001		272.7
Amortisation
At 1 January 2001		39.0
Charge for the year		14.0
Currency translation differences		0.5
At 31 December 2001		53.5
Net book value
At 31 December 2001		219.2
At 31 December 2000		228.8

15 Tangible fixed assets

		Land & buildings £million		Plant & machinery £million		Fixtures, fittings, tools & equipment £million		Under construction £million		Total £million
Group
Cost
At 1 January 2001		110.5		306.1		26.9		3.9		447.4
Additions		1.1		2.6		1.0		13.1		17.8
Disposals		(2.2)		(11.5)		(1.5)		-		(15.2)
Business disposal		(17.6)		(22.0)		(6.2)		-		(45.8)
Transfers		1.1		8.4		0.9		(10.4)		-
Reclassification		6.1		(6.1)		-		-		-
Currency translation differences		0.9		3.2		0.2		(0.1)		4.2
At 31 December 2001		99.9		280.7		21.3		6.5		408.4
Depreciation
At 1 January 2001		55.5		177.9		21.9		-		255.3
Charge for the year		3.0		14.0		1.8		-		18.8
Disposals		(2.0)		(10.9)		(1.5)		-		(14.4)
Business disposal		(17.6)		(22.0)		(6.2)		-		(45.8)
Reclassification		3.1		(3.1)		-		-		-
Currency translation differences		0.6		1.7		0.2		-		2.5
At 31 December 2001		42.6		157.6		16.2		-		216.4
Net book value
At 31 December 2001		57.3		123.1		5.1		6.5		192.0
At 31 December 2000		55.0		128.2		5.0		3.9		192.1

Land and buildings at cost comprised the following at 31 December:

		Group
		2001		2000
		£million		£million
Freehold property		92.7		104.0
Property on short leases		7.2		6.5
		99.9		110.5

Analysis of additions:

		Group
		2001		2000
		£million		£million
Chromium		5.2		10.3
Pigments & Specialties		7.1		7.2
Specialty Rubber		5.5		2.1
		17.8		19.6

During the year £nil million (2000: £0.2 million) was released to the profit and loss account in respect of government grants received.

16 Investments

		Unlisted shares at cost £million		Post acquisition results £million		Total £million
Group
Associated undertakings
At 1 January 2001		1.7		0.3		2.0
Currency translation differences		0.1		-		0.1
At 31 December 2001		1.8		0.3		2.1
Other investments
At 1 January 2001		-		-		-
Additions		1.7		-		1.7
At 31 December 2001		1.7		-		1.7

The other investment in unlisted shares is in non-voting, redeemable preferred stock in Harcros Chemicals Inc, (formerly Harcros Chemicals Acquisitions Inc), the purchaser of the chemical distribution business.

		Unlisted loans £million		Unlisted shares at cost £million		Total £million
Company
Subsidiary undertakings
At 1 January 2001		759.0		0.1		759.1
Provision for impairment		(106.0)		-		(106.0)
At 31 December 2001		653.0		0.1		653.1

The investment in unlisted loan is with Elementis Holdings Limited, an indirect wholly owned subsidiary.

The investment in unlisted shares is in Elementis Group BV, which is a wholly owned subsidiary.

The provision for impairment was made following a valuation of the subsidiary undertakings using a discounted cash flow methodology.

The directors' valuation of the unlisted investments of the Group and the Company is not less than their carrying value.

17 Stocks

		Group
		2001 £million		2000 £million
Raw materials and consumables		12.8		13.7
Work in progress		6.2		6.7
Finished goods and goods purchased for resale		37.3		56.3
		56.3		76.7

18 Debtors

		Group				Company
		2001 £million		2000 £million		2001 £million		2000 £million
Trade debtors		53.8		86.4		-		-
Corporate tax recoverable		10.1		-		2.2		1.6
ACT recoverable		1.5		1.2		-		-
Post retirement benefits		3.0		-		-		-
Other debtors		13.5		15.2		-		-
Prepayments and accrued income		4.7		6.4		-		-
		86.6		109.2		2.2		1.6

Other debtors for the Group include £0.6 million (2000: £1.2 million) falling due after more than one year.

19 Creditors: amounts falling due within one year

		Group				Company
		2001 £million		2000 £million		2001 £million		2000 £million
Trade creditors		38.8		59.7		-		-
Amounts owed to subsidiary undertakings		-		-		0.1		1.1
Amounts owed to associated undertakings		1.8		0.6		-		-
Corporate tax payable		16.4		19.0		-		-
Other taxes and social security		0.9		0.9		-		0.2
Other creditors		5.6		11.3		-		-
Accruals and deferred income		9.6		14.7		0.2		0.3
		73.1		106.2		0.3		1.6