Philips 2011 Annual Report Download - page 146
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8 12 Group financial statements 12.11 - 12.11
146 Annual Report 2011
8Property, plant and equipment
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2011:
Cost 2,273 3,851 1,715 273 8,112
Accumulated depreciation (964) (2,684) (1,319) − (4,967)
Book value 1,309 1,167 396 273 3,145
Change in book value:
Capital expenditures 16 140 103 486 745
Assets available for use 49 216 117 (382) −
Acquisitions 1 11 2 2 16
Disposals and sales (58) (12) (12) (3) (85)
Depreciation (84) (350) (166) − (600)
Impairments (13) (16) (14) (2) (45)
Transfer to assets classified as held for sale (157) (10) (17) (16) (200)
Reclassifications 11 − − − 11
Translation differences 12 6 2 7 27
Total changes (223) (15) 15 92 (131)
Balance as of December 31, 2011:
Cost 1,981 3,930 1,552 365 7,828
Accumulated depreciation (895) (2,778) (1,141) − (4,814)
Book value 1,086 1,152 411 365 3,014
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2010:
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
Change in book value:
Capital expenditures 67 134 24 428 653
Assets available for use 24 212 126 (362) −
Acquisitions 1 2 5 (1) 7
Disposals and sales (32) (32) (19) (4) (87)
Depreciation (95) (357) (176) − (628)
Impairments (18) (12) (20) − (50)
Transfer to assets classified as held for sale (120) − − − (120)
Translation differences 48 46 19 5 118
Total changes (125) (7) (41) 66 (107)
Balance as of December 31, 2010:
Cost 2,273 3,851 1,715 273 8,112
Accumulated depreciation (964) (2,684) (1,319) − (4,967)
Book value 1,309 1,167 396 273 3,145
Land with a book value of EUR 180 million at December 31, 2011 (2010:
EUR 193 million) is not depreciated.
Property, plant and equipment includes lease assets with a book value
of EUR 196 million at December 31, 2011 (2010: EUR 156 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, 2011 (2010: EUR 15 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 20 years
Lease assets from 1 to 15 years
Other equipment from 1 to 10 years