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Annual Report

13 Property, plant and equipment

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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

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

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

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CHANGES IN PROPERTY, PLANT AND EQUIPMENT BETWEEN JANUARY 1 AND DECEMBER 31, 2010

 

 

€ 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, 2010

 

17,314

 

28,686

 

36,166

 

3,032

 

85,199

Foreign exchange differences

 

428

 

749

 

545

 

157

 

1,879

Changes in consolidated Group

 

207

 

113

 

56

 

12

 

388

Additions

 

347

 

908

 

2,117

 

2,261

 

5,634

Transfers

 

263

 

967

 

975

 

–2,234

 

–29

Disposals

 

75

 

1,092

 

1,292

 

63

 

2,522

Balance at Dec. 31, 2010

 

18,485

 

30,331

 

38,568

 

3,164

 

90,548

Depreciation and impairment Balance at Jan. 1, 2010

 

8,454

 

22,018

 

30,237

 

45

 

60,755

Foreign exchange differences

 

127

 

474

 

434

 

3

 

1,038

Changes in consolidated Group

 

43

 

12

 

20

 

 

75

Additions to cumulative depreciation

 

583

 

1,818

 

2,319

 

11

 

4,731

Additions to cumulative impairment losses

 

0

 

56

 

369

 

26

 

451

Transfers

 

0

 

0

 

–1

 

 

–1

Disposals

 

56

 

1,012

 

1,249

 

1

 

2,319

Reversal of impairment losses

 

 

0

 

 

–29

 

–29

Balance at Dec. 31, 2010

 

9,151

 

23,366

 

32,128

 

55

 

64,701

Carrying amount at Dec. 31, 2010

 

9,334

 

6,965

 

6,440

 

3,109

 

25,847

of which assets leased under finance lease contracts Carrying amount at Dec. 31, 2010

 

152

 

87

 

9

 

 

249

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 11.0%, 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

 

2011

 

2012 – 2015

 

from 2016

 

Total

Finance lease payments

 

31

 

144

 

104

 

279

Interest component of finance lease payments

 

5

 

13

 

1

 

19

Carrying amount/present value

 

26

 

131

 

103

 

260

For assets leased under operating leases, payments recognized in the income statement amounted to €630 million in the reporting period (previous year: €545 million).

Government grants of €167 million (previous year: €25 million) were deducted from the cost of property, plant and equipment, and noncash benefits received amounting to €32 million (previous year: €111 million) were not capitalized as the cost of assets.

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