ASSURED 2011

Consolidated Financial Statements IFRS

 

Notes to the Consolidated Financial Statements
(17) Property, Plant, and Equipment

Property, Plant, and Equipment

€ millions

Land and Buildings Other Property,
Plant, and
Equipment
Advance Payments
and Construction in
Progress
Total
Historical cost
January 1, 2010 1,252 1,277 33 2,562
Foreign currency exchange differences 50 38 1 89
Additions from business combinations 10 14 0 24
Other additions 30 226 7 263
Retirements/disposals –34 –165 0 –199
Transfers 28 3 –31 0
December 31, 2010 1,336 1,393 10 2,739
Foreign currency exchange differences 7 3 0 10
Additions from business combinations 0 0 0 0
Other additions 29 337 6 372
Retirements/disposals –19 –183 –1 –203
Transfers 7 1 –8 0
December 31, 2011 1,360 1,551 7 2,918
 
Accumulated depreciation
January 1, 2010 382 809 0 1,191
Foreign currency exchange differences 19 26 0 45
Additions depreciation 45 166 0 211
Impairments 2 0 0 2
Retirements/disposals –23 –136 0 –159
Transfers 0 0 0 0
December 31, 2010 425 865 0 1,290
Foreign currency exchange differences 4 1 0 5
Additions depreciation 47 191 0 238
Retirements/disposals –16 –150 0 –166
Transfers 0 0 0 0
December 31, 2011 460 907 0 1,367
 
Carrying value
December 31, 2010 911 528 10 1,449
December 31, 2011 900 644 7 1,511

The additions and disposals in other property, plant, and equipment relate primarily to the replacement and purchase of computer hardware and cars acquired in the normal course of business.

Overview