Philips 2009 Annual Report Download - page 185
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13 Property, plant and equipment
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2009:
Cost 2,396 3,576 1,746 347 8,065
Accumulated depreciation (916) (2,354) (1,299) − (4,569)
Book value 1,480 1,222 447 347 3,496
Change in book value:
Capital expenditures 21 120 87 296 524
Assets available for use 32 285 117 (434) −
Acquisitions 17 12 12 5 46
Disposals and sales (15) (23) (11) (5) (54)
Depreciation (89) (344) (192) − (625)
Impairments (9) (84) (23) (5) (121)
Translation differences (3) (14) − 3 (14)
Total changes (46) (48) (10) (140) (244)
Balance as of December 31, 2009:
Cost 2,447 3,692 1,708 207 8,054
Accumulated depreciation (1,013) (2,518) (1,271) − (4,802)
Book value 1,434 1,174 437 207 3,252
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2008:
Cost 2,309 3,499 1,746 343 7,897
Accumulated depreciation (937) (2,378) (1,388) − (4,703)
Book value 1,372 1,121 358 343 3,194
Change in book value:
Capital expenditures 16 98 126 530 770
Assets available for use 92 279 150 (521) −
Acquisitions 146 127 64 − 337
Disposals and sales (62) (28) (20) (5) (115)
Depreciation (90) (345) (197) − (632)
Impairments (3) (51) (40) (3) (97)
Translation differences 9 21 6 3 39
Total changes 108 101 89 4 302
Balance as of December 31, 2008:
Cost 2,396 3,576 1,746 347 8,065
Accumulated depreciation (916) (2,354) (1,299) − (4,569)
Book value 1,480 1,222 447 347 3,496
Land with a book value of EUR 186 million at December 31, 2009 (2008:
EUR 185 million) is not depreciated.
Machinery and installations include lease assets with a book value of
EUR 107 million at December 31, 2009 (2008: EUR 98 million). The
total book value of assets no longer productively employed, mainly
included in land and buildings, amounted to EUR 11 million at
December 31, 2009 (2008: EUR 12 million).
The expected useful lives of property, plant and equipment are as
follows:
Buildings from 5 to 50 years
Machinery and installations from 3 to 10 years
Lease assets from 1 to 15 years
Other equipment from 1 to 10 years
Capital expenditures include capitalized interest related to
construction in progress amounting to EUR 1 million (2008: EUR 3
million).
11 Group financial statements 11.12 - 11.12 13
Philips Annual Report 2009 185