12. Property, plant and equipment

Land and buildings
Long leasehold
Short leasehold
Plant and machinery
Fixtures and fittings
Assets under construction
Cost or valuation
At 1 January 2012205.51.618.3710.432.828.7997.3
Acquisition of businesses6.40.522.00.41.430.7
Exchange differences(6.3)(0.8)(22.6)(1.1)(1.3)(32.1)
Transfer from assets held for sale2.12.1
Disposal of subsidiaries(0.1)(0.4)(0.5)
At 1 January 2013 (as previously reported)210.01.816.4733.332.337.51,031.3
Restatement of acquisition of businesses(0.4)(8.1)(0.2)(8.7)
At 1 January 2013 (as restated)210.01.816.0725.232.137.51,022.6
Acquisition of businesses(0.5)(0.1)(0.3)(0.9)
Exchange differences1.8(0.1)(0.5)(1.1)0.2(0.4)(0.1)
Transfer to assets held for sale(0.7)(0.4)(1.1)
At 31 December 2013220.62.714.1751.029.633.41,051.4
Accumulated depreciation and impairment
At 1 January 201271.80.810.4443.826.6553.4
Charge for the year5.80.30.640.11.948.7
Acquisition of businesses0.
Impairment losses incurred0.30.40.7
Exchange differences(2.2)(0.5)(14.0)(0.9)(17.6)
Transfer from assets held for sale0.40.4
Eliminated on disposals(0.7)(0.5)(8.9)(1.5)(11.6)
Eliminated on disposal of subsidiaries(0.1)(0.1)
At 1 January 2013 (as previously reported)
Restatement of acquisition of businesses(0.4)(8.1)(0.2)(8.7)
At 1 January 2013 (as restated)
Charge for the year5.80.40.743.02.051.9
Impairment losses incurred0.
Exchange differences0.8(0.4)(0.4)0.30.3
Transfer to assets held for sale(0.5)(0.4)(0.9)
Eliminated on disposals(2.1)(0.1)(17.4)(3.9)(23.5)
At 31 December 201385.81.57.9486.124.21.3606.8
Carrying amount
At 31 December 2013134.81.26.2264.95.432.1444.6
At 31 December 2012 (as previously reported and as restated)

The carrying amount of leased assets is £nil (2012: £0.6m).

The Group has pledged land and buildings having a carrying amount of approximately £nil (2012: £0.5m) to secure banking facilities granted to the Group.

At 31 December 2013 the Group had entered into contractual commitments for the acquisition of property, plant and equipment amounting to £0.8m (2012: £3.7m).

In addition to the above, property, plant and equipment amounting to £2.3m (2012: £2.1m) has been classified as held for sale.

It is the directors view that there are no material differences between the value of the land owned and their carrying value in the balance sheet.

Following a review of the Group accounts, the Group has restated opening cost and accumulated depreciation of certain assets related to acquisitions made in 2012. There is nil effect on the net book value of the Group's property, plant and equipment.