Philips 2006 Annual Report Download - page 145

Philips Annual Report 2006 145
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1313
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Property, plant and equipment
land and
buildings
machinery and
installations lease assets
other
equipment
prepayments
and
construction in
progress
no longer
productively
employed total
Balance as of January 1, 2006:
Cost 2,196 3,475 42 1,626 409 24 7,772
Accumulated depreciation (1,014 ) (2,417 ) (25 ) (1,279 ) − (18 ) (4,753 )
Book value 1,182 1,058 17 347 409 6 3,019
Changes in book value:
Capital expenditures 189 310 9 192 − 3 703
Retirements and sales (9 ) (14 ) (2 ) (12 ) (19 ) (2 ) (58 )
Depreciation (84 ) (242 ) (9 ) (192 ) − − (527 )
Write-downs and impairments (10 ) (3 ) − (4 ) − − (17 )
Translation differences (35 ) (34 ) − (14 ) (4 ) − (87 )
Changes in consolidation 38 4 9 8 7 −
66
Total changes 89 21 7 (22 ) (16 ) 1 80
Balance as of December 31, 2006:
Cost 2,182 3,303 74 1,601 393 20 7,573
Accumulated depreciation (911 ) (2,224 ) (50 ) (1,276 ) − (13 ) (4,474 )
Book value 1,271 1,079 24 325 393 7 3,099
1515
Land with a book value of EUR 141 million, as at December 31, 2006
is not depreciated.
The expected useful lives as of December 31, 2006 were as follows:
Buildings from 14 to 50 years
Machinery and installations from 4 to 15 years
Lease assets from 3 to 10 years
Other equipment from 3 to 10 years
Capital expenditures include capitalized interest related to
construction in progress amounting to EUR 9 million in 2006
(2005: EUR 10 million).
226 Corporate governance224 Reconciliation of
non-US GAAP information
234 The Philips Group
in the last ten years
236 Investor information