06 Property, Plant and Equipment

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€ million

 

Land,
buildings
and similar
rights

 

Technical
equipment
and
machinery

 

Other
equipment,
factory
and office
equipment

 

Assets
under
construction

 

Total

 

 

 

 

 

 

 

 

 

 

 

Acquisition or production cost

 

 

 

 

 

 

 

 

 

 

Balance as of Jan. 1, 2010

 

1,296.7

 

6,028.1

 

551.1

 

405.1

 

8,281.0

Additions

 

26.3

 

178.1

 

27.9

 

364.8

 

597.1

Disposals

 

-7.1

 

-61.2

 

-20.7

 

-0.3

 

-89.3

Transfers

 

45.9

 

250.6

 

10.9

 

-309.1

 

-1.7

Changes in scope of consolidation

 

7.6

 

28.6

 

0.1

 

1.9

 

38.2

Exchange-rate differences

 

59.0

 

162.2

 

5.5

 

7.1

 

233.8

Balance as of Dec. 31, 2010

 

1,428.4

 

6,586.4

 

574.8

 

469.5

 

9,059.1

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Balance as of Jan. 1, 2010

 

772.6

 

4,288.2

 

441.6

 

0.1

 

5,502.5

Additions

 

39.5

 

333.9

 

33.6

 

 

407.0

Impairment

 

 

11.3

 

0.1

 

1.3

 

12.7

Disposals

 

-5.1

 

-58.3

 

-16.4

 

 

-79.8

Transfers

 

1.1

 

0.8

 

-1.9

 

 

Exchange-rate differences

 

39.9

 

146.9

 

4.2

 

 

191.0

Balance as of Dec. 31, 2010

 

848.0

 

4,722.8

 

461.2

 

1.4

 

6,033.4

 

 

 

 

 

 

 

 

 

 

 

Carrying amounts as of Dec. 31, 2010

 

580.4

 

1,863.6

 

113.6

 

468.1

 

3,025.7

 

 

 

 

 

 

 

 

 

 

 

Of which assets from finance leases

 

 

 

 

 

 

 

 

 

 

Gross values

 

89.7

 

52.6

 

0.1

 

 

142.4

Depreciation

 

-86.0

 

-29.1

 

 

 

-115.1

Carrying amounts

 

3.7

 

23.5

 

0.1

 

 

27.3

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€ million

 

Land,
buildings
and similar
rights

 

Technical
equipment
and
machinery

 

Other
equipment,
factory
and office
equipment

 

Assets
under
construction

 

Total

 

 

 

 

 

 

 

 

 

 

 

Acquisition or production cost

 

 

 

 

 

 

 

 

 

 

Balance as of Jan. 1, 2011

 

1,428.4

 

6,586.4

 

574.8

 

469.5

 

9,059.1

Additions

 

35.9

 

287.0

 

43.6

 

556.2

 

922.7

Disposals

 

-94.5

 

-37.6

 

-13.4

 

 

-145.5

Transfers

 

29.5

 

463.2

 

2.9

 

-498.5

 

-2.9

Exchange-rate differences

 

24.8

 

72.2

 

1.1

 

22.1

 

120.2

Balance as of Dec. 31, 2011

 

1,424.1

 

7,371.2

 

609.0

 

549.3

 

9,953.6

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Balance as of Jan. 1, 2011

 

848.0

 

4,722.8

 

461.2

 

1.4

 

6,033.4

Additions

 

39.1

 

374.4

 

35.0

 

 

448.5

Impairment

 

19.0

 

21.0

 

0.9

 

 

40.9

Disposals

 

-94.2

 

-36.4

 

-13.3

 

 

-143.9

Transfers

 

0.2

 

-0.2

 

 

 

Exchange-rate differences

 

18.1

 

55.1

 

1.1

 

-0.1

 

74.2

Balance as of Dec. 31, 2011

 

830.2

 

5,136.7

 

484.9

 

1.3

 

6,453.1

 

 

 

 

 

 

 

 

 

 

 

Carrying amounts as of Dec. 31, 2011

 

593.9

 

2,234.5

 

124.1

 

548.0

 

3,500.5

 

 

 

 

 

 

 

 

 

 

 

Of which assets from finance leases

 

 

 

 

 

 

 

 

 

 

Gross values

 

0.2

 

81.9

 

0.1

 

 

82.2

Depreciation

 

-0.2

 

-33.9

 

 

 

-34.1

Carrying amounts

 

 

48.0

 

0.1

 

 

48.1

In the reporting year, borrowing costs amounting to €11.3 million (2010: €13.5 million) were capitalized as part of the cost of qualified assets. The average financing cost rate is 4.1 percent (2010: 4.5 percent).

Property, plant and equipment also includes €48.1 million (2010: €23.6 million) in technical machinery and other equipment on the basis of an embedded finance lease. Due to the way the underlying contracts are structured, economic ownership is attributable to WACKER.