QVC Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

Property and Equipment, Net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following (in thousands):



	December 31,
	2013			2012
Building and support equipment	$	96,224		$	100,061
Distribution equipment	91,824			91,824
Furniture, fixtures and other	14,006			15,277
	202,054			207,162
Less accumulated depreciation	(106,404		)	(110,882		)
	$	95,650		$	96,280

The cost of satellite transponders under capital leases included in distribution equipment was $57.5 million as of December 31, 2013, and 2012. Accumulated depreciation for these transponders was $33.9 million and $30.2 million at December 31, 2013 and 2012, respectively. The cost of the headquarters building under capital leases included in building and support equipment was $44.8 million and none as of December 31, 2013, and 2012. Accumulated depreciation for the headquarters building was $1.5 million and none at December 31, 2013 and 2012, respectively. During 2012, Starz conducted a review of its fixed asset records and wrote-off $56.0 million of fully depreciated assets that were no longer in service.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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