16 Assets held for sale
Assets held for sale comprise non-current assets and disposal groups that are held for sale rather than for continuing use within the business. The carrying value represents the estimated sale proceeds less costs to sell.
During the year ended March 31, 2008 aircraft with a fair value (less costs to sell) of £3 million (2007: £3 million) and property with a fair value of £5 million (2007: £nil) were sold.
At March 31, 2008 there were no assets held for sale (2007: £8 million).