13 Property, plant and equipment


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CHANGES IN PROPERTY, PLANT AND EQUIPMENT BETWEEN JANUARY 1 AND DECEMBER 31, 2008

 

 

€ million

 

Land, land rights and buildings, including buildings on third-party land

 

Technical equipment and machinery

 

Other equipment, operating and office equipment

 

Payments on account and assets under construction

 

Total

Cost
Balance at Jan. 1, 2008

 

14,424

 

25,048

 

32,620

 

1,836

 

73,928

Foreign exchange differences

 

–174

 

–495

 

–308

 

–117

 

–1,094

Changes in consolidated Group

 

1,389

 

959

 

110

 

294

 

2,752

Additions

 

437

 

1,118

 

2,420

 

2,676

 

6,651

Transfers

 

216

 

700

 

629

 

–1,523

 

22

Held for sale

 

44

 

30

 

111

 

6

 

191

Disposals

 

71

 

747

 

1,433

 

71

 

2,322

Balance at Dec. 31, 2008

 

16,177

 

26,553

 

33,927

 

3,089

 

79,746

Depreciation and impairment
Balance at Jan. 1, 2008

 

7,545

 

19,740

 

27,297

 

8

 

54,590

Foreign exchange differences

 

–33

 

–238

 

–239

 

–8

 

–518

Changes in consolidated Group

 

0

 

0

 

0

 

 

0

Additions to cumulative depreciation

 

487

 

1,705

 

2,415

 

18

 

4,625

Additions to cumulative impairment losses

 

3

 

7

 

84

 

90

 

184

Transfers

 

3

 

–4

 

–9

 

11

 

1

Held for sale

 

25

 

25

 

72

 

2

 

124

Disposals

 

57

 

712

 

1,356

 

 

2,125

Reversal of impairment losses

 

 

0

 

 

–8

 

–8

Balance at Dec. 31, 2008

 

7,923

 

20,473

 

28,120

 

109

 

56,625

Carrying amount
at Dec. 31, 2008

 

8,254

 

6,080

 

5,807

 

2,980

 

23,121

of which assets leased under finance lease contracts Carrying amount at Dec. 31, 2008

 

177

 

 

16

 

 

193

Call options on buildings and plant leased under the terms of finance leases exist in most cases, and are normally exercised. Interest rates on the leases vary between 2.9% and 13.6%, depending on the market and the date of inception of the lease.

Future finance lease payments due, and their present values, are shown in the following table:

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€ million

 

2009

 

2010 – 2013

 

from 2014

 

Total

Finance lease payments

 

39

 

77

 

124

 

240

Interest component of finance lease payments

 

7

 

10

 

15

 

32

Carrying amount/
present value

 

32

 

67

 

109

 

208

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CHANGES IN PROPERTY, PLANT AND EQUIPMENT BETWEEN JANUARY 1 AND DECEMBER 31, 2009

 

 

€ million

 

Land, land rights and buildings, including buildings on third-party land

 

Technical equipment and machinery

 

Other equipment, operating and office equipment

 

Payments on account and assets under construction

 

Total

Cost
Balance at Jan. 1, 2009

 

16,177

 

26,553

 

33,927

 

3,089

 

79,746

Foreign exchange differences

 

179

 

429

 

360

 

56

 

1,024

Changes in consolidated Group

 

95

 

0

 

1

 

5

 

100

Additions

 

378

 

1,254

 

1,795

 

2,251

 

5,678

Transfers

 

546

 

982

 

801

 

–2,316

 

13

Held for sale

 

 

 

 

 

Disposals

 

60

 

531

 

717

 

54

 

1,362

Balance at Dec. 31, 2009

 

17,314

 

28,686

 

36,166

 

3,032

 

85,199

Depreciation and impairment
Balance at Jan. 1, 2009

 

7,923

 

20,473

 

28,120

 

109

 

56,625

Foreign exchange differences

 

61

 

267

 

292

 

4

 

624

Changes in consolidated Group

 

4

 

0

 

0

 

 

4

Additions to cumulative depreciation

 

519

 

1,734

 

2,297

 

24

 

4,574

Additions to cumulative impairment losses

 

0

 

2

 

136

 

2

 

140

Transfers

 

0

 

36

 

54

 

–84

 

7

Held for sale

 

 

 

 

 

Disposals

 

51

 

492

 

656

 

0

 

1,198

Reversal of impairment losses

 

–2

 

–2

 

–6

 

–11

 

–20

Balance at Dec. 31, 2009

 

8,454

 

22,018

 

30,237

 

45

 

60,755

Carrying amount
at Dec. 31, 2009

 

8,860

 

6,668

 

5,930

 

2,987

 

24,444

of which assets leased under finance lease contracts Carrying amount at Dec. 31, 2009

 

166

 

17

 

12

 

 

195

Call options on buildings and plant leased under the terms of finance leases exist in most cases, and are normally exercised. Interest rates on the leases vary between 2.0% and 10.1%, depending on the market and the date of inception of the lease.

Future finance lease payments due, and their present values, are shown in the following table:

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€ million

 

2010

 

2011 – 2014

 

from 2015

 

Total

Finance lease payments

 

30

 

107

 

94

 

230

Interest component of finance lease payments

 

7

 

16

 

2

 

25

Carrying amount/
present value

 

23

 

91

 

92

 

206

For assets leased under operating leases, payments recognized in the income statement amounted to €545 million in the reporting period (previous year: €366 million).

Government grants of €25 million (previous year: €49 million) were deducted from the cost of property, plant and equipment, and noncash benefits received amounting to €111 million were not capitalized as the cost of assets.

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