13 Property, plant and equipment

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CHANGES IN PROPERTY, PLANT AND EQUIPMENT
BETWEEN JANUARY 1 AND DECEMBER 31, 2007

 

 

€ 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, 2007

 

14,141

 

24,538

 

31,311

 

1,518

 

71,508

Foreign exchange differences

 

2

 

–69

 

–48

 

–3

 

–118

Changes in
consolidated Group

 

32

 

 

34

 

1

 

67

Additions

 

299

 

820

 

1,760

 

1,602

 

4,481

Transfers

 

120

 

563

 

532

 

–1,240

 

–25

Disposals

 

170

 

804

 

969

 

42

 

1,985

Balance at Dec. 31, 2007

 

14,424

 

25,048

 

32,620

 

1,836

 

73,928

Depreciation and impairment
Balance at Jan. 1, 2007

 

7,214

 

18,801

 

25,146

 

7

 

51,168

Foreign exchange differences

 

–7

 

–29

 

–28

 

1

 

–63

Changes in
consolidated Group

 

9

 

 

11

 

 

20

Additions to
cumulative depreciation

 

472

 

1,730

 

2,628

 

 

4,830

Additions to cumulative impairment losses

 

2

 

24

 

414

 

 

440

Transfers

 

–2

 

–2

 

3

 

 

–1

Disposals

 

143

 

784

 

877

 

 

1,804

Reversal of
impairment losses

 

 

 

0

 

 

0

Balance at Dec. 31, 2007

 

7,545

 

19,740

 

27,297

 

8

 

54,590

Carrying amount
at Dec. 31, 2007

 

6,879

 

5,308

 

5,323

 

1,828

 

19,338

of which assets leased under finance lease contracts Carrying amount
at Dec. 31, 2007

 

197

 

 

19

 

 

216

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 14%, 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

 

2008

 

2009 – 2012

 

from 2013

 

Total

Finance lease payments

 

31

 

97

 

133

 

261

Interest component of finance lease payments

 

10

 

22

 

15

 

47

Carrying amount/
present value

 

21

 

75

 

118

 

214

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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

For assets leased under operating leases, payments recognized in the income statement amounted to €366 million in the reporting period (previous year: €408 million).

Government grants of €49 million (previous year: €10 million) were deducted from the cost of property, plant and equipment.

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