Philips 2012 Annual Report Download - page 148
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8 12 Group financial statements 12.11 - 12.11
148 Annual Report 2012
8Property, plant and equipment
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2012:
Cost 1,981 3,914 1,552 365 7,812
Accumulated depreciation (895) (2,762) (1,141) − (4,798)
Book value 1,086 1,152 411 365 3,014
Change in book value:
Capital expenditures 95 114 98 497 804
Assets available for use 125 312 116 (553) −
Acquisitions 1 4 12 − 17
Disposals and sales (64) (8) (10) (10) (92)
Depreciation (77) (358) (188) − (623)
Impairments (13) (33) (12) (1) (59)
Transfer to assets classified as held for sale (23) (2) (1) 1 (25)
Reclassifications (29) − − − (29)
Translation differences (12) (28) (3) (5) (48)
Total changes 3 1 12 (71) (55)
Balance as of December 31, 2012:
Cost 1,924 4,004 1,658 294 7,880
Accumulated depreciation (835) (2,851) (1,235) − (4,921)
Book value 1,089 1,153 423 294 2,959
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2011:
Cost 2,273 3,837 1,715 273 8,098
Accumulated depreciation (964) (2,670) (1,319) − (4,953)
Book value 1,309 1,167 396 273 3,145
Change in book value:
Capital expenditures 16 118 103 486 723
Assets available for use 49 216 117 (382) −
Acquisitions 1 11 2 2 16
Disposals and sales (58) (12) (12) (3) (85)
Depreciation (84) (347) (166) − (597)
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 25 2 7 46
Total changes (223) (15) 15 92 (131)
Balance as of December 31, 2011:
Cost 1,981 3,914 1,552 365 7,812
Accumulated depreciation (895) (2,762) (1,141) − (4,798)
Book value 1,086 1,152 411 365 3,014
Land with a book value of EUR 152 million at December 31, 2012 (2011:
EUR 180 million) is not depreciated.
Property, plant and equipment includes lease assets with a book value
of EUR 248 million at December 31, 2012 (2011: EUR 196 million). The
total book value of assets no longer productively employed, mainly
included in land and buildings, amounted to EUR 4 million at December
31, 2012 (2011: EUR 11 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
Other equipment from 1 to 10 years