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Results by nature of income and expense

Depreciation and amortisation

In the tables below, income and cost totals excluding, where appropriate, the results of The Woolwich, related integration costs, restructuring costs, the results of former BZW businesses and the write-down of leases are shown to assist in the analysis of the ongoing business performance.
2000 1999 1998
£m £m £m
Property depreciation 85 93 88
Equipment depreciation 166 170 172
Loss on sale of equipment 4 4 5
Write back of surplus properties (2)
255 267 263
Goodwill amortisation
– The Woolwich 38
– other 13 13 12
306 280 275
Excluding The Woolwich 259 280 275
Goodwill amortisation relating to The Woolwich acquisition is based on total goodwill of £4,121m and an estimated economic life of 20 years which will result in a charge of £206m per annum, £38m for the period from 25th October 2000 to 31st December 2000.