QVC Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2011

Property and Equipment

Property and Equipment

NOTE 3—PROPERTY AND EQUIPMENT

The balance of property and equipment, net, is as follows (in thousands):


	June 30, 2011			December 31, 2010			June 30, 2010
Capitalized software	$	214,757		$	211,816		$	199,744
Computer and broadcast equipment		92,826			93,284			88,822
Buildings and leasehold improvements		94,842			90,417			85,318
Furniture and other equipment		76,083			72,726			68,853
Projects in progress		8,016			3,825			12,305
Land and land improvements		10,921			10,922			10,922

		497,445			482,990			465,964
Less: accumulated depreciation and amortization		(341,545	)		(328,003	)		(312,896	)

Total property and equipment, net	$	155,900		$	154,987		$	153,068

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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