Philips 2006 Annual Report Download - page 204
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Philips Annual Report 2006204
47
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 3,486 42 1,659 409 24 7,816
Accumulated depreciation (1,028 ) (2,417 ) (25 ) (1,290 ) _ (18 ) (4,778 )
Book value 1,168 1,069 17 369 409 6 3,038
Change in book value:
Capital expenditures 189 310 9 196 − 3 707
Retirements and sales (9 ) (14 ) (2 ) (27 ) (19 ) (2 ) (73 )
Depreciation (84 ) (242 ) (9 ) (192 ) − − (527 )
Write-downs and impairments (10 ) (3 ) − (4 ) − − (17 )
Translation differences (35 ) (37 ) − (16 ) (4 ) − (92 )
Changes in consolidation 53 4 9 8 7 −
81
Total changes 104 18 7 (35 ) (16 ) 1 79
Balance as of December 31, 2006:
Cost 2,182 3,313 74 1,627 393 20 7,609
Accumulated depreciation (910 ) (2,226 ) (50 ) (1,293 ) − (13 ) (4,492 )
Book value 1,272 1,087 24 334 393 7 3,117
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).
112 Group fi nancial statements 172 IFRS information
Notes to the IFRS fi nancial statements
218 Company fi nancial statements