Philips 2007 Annual Report Download - page 220
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Philips Annual Report 2007226
51
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, 2007:
Cost 2,182 3,313 74 1,578 393 20 7,560
Accumulated depreciation (910) (2,226) (50) (1,259) − (13) (4,458)
Book value 1,272 1,087 24 319 393 7 3,102
Change in book value:
Capital expenditures 113 283 30 232 − − 658
Retirements and sales (6) (24) (1) (8) (42) (3) (84)
Depreciation (76) (235) (12) (189) − − (512)
Write-downs and impairments (7) (15) − − − − (22)
Translation differences (15) (10) (3) (11) (5) − (44)
Changes in consolidation 88 (6) 2 15 (3) − 96
Total changes 97 (7) 16 39 (50) (3) 92
Balance as of December 31, 2007:
Cost 2,303 3,404 88 1,746 343 13 7,897
Accumulated depreciation (934) (2,324) (48) (1,388) − (9) (4,703)
Book value 1,369 1,080 40 358 343 4 3,194
Land with a book value of EUR 148 million as at December 31, 2007
(2006: EUR 141 million) is not depreciated.
The expected useful lives as of December 31, 2007, 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 5 million (2006: EUR 9 million).
128 Group nancial statements 188 IFRS information
Notes to the IFRS nancial statements
240 Company nancial statements