Philips 2015 Annual Report Download - page 135

10 Group nancial statements 12.9
Annual Report 2015 135
10 Property, plant and equipment
Philips Group
Property, plant and equipment in millions of EUR
2015
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2015:
Cost 1,803 3,127 1,745 169 6,844
Accumulated depreciation (931) (2,520) (1,298) - (4,749)
Book value 872 607 447 169 2,095
Change in book value:
Capital expenditures 13 113 62 387 575
Assets available for use 59 139 140 (338) -
Acquisitions - 107 2 - 109
Disposals and sales (3) (3) (6) - (12)
Depreciation (83) (252) (196) - (531)
Impairments (8) (27) (16) - (51)
Transfer (to) from assets classied as
held for sale 26 (10) - (2) 14
Translation dierences 37 61 21 4 123
Total changes 41 128 7 51 227
Balance as of December 31, 2015:
Cost 1,864 3,260 1,873 220 7,217
Accumulated depreciation (951) (2,525) (1,419) - (4,895)
Book value 913 735 454 220 2,322
Philips Group
Property, plant and equipment in millions of EUR
2014
land and buildings
machinery and
installations other equipment
prepayments and
construction in
progress total
Balance as of January 1, 2014:
Cost 1,899 3,948 1,586 259 7,692
Accumulated depreciation (872) (2,885) (1,155) - (4,912)
Book value 1,027 1,063 431 259 2,780
Change in book value:
Capital expenditures 6 86 68 368 528
Assets available for use 79 220 132 (431) -
Acquisitions 7 6 4 2 19
Disposals and sales - (5) (7) - (12)
Depreciation (91) (295) (178) - (564)
Impairments (26) (74) (21) (1) (122)
Transfer to assets classied as held
for sale (190) (451) (10) (37) (688)
Translation dierences 60 57 28 9 154
Total changes (155) (456) 16 (90) (685)
Balance as of December 31, 2014:
Cost 1,803 3,127 1,745 169 6,844
Accumulated depreciation (931) (2,520) (1,298) - (4,749)
Book value 872 607 447 169 2,095
Land with a book value of EUR 142 million at December
31, 2015 (2014: EUR 89 million) is not depreciated. The
acquisitions through business combinations in 2015
mainly consist of the acquired machinery and
installations of Volcano for EUR 104 million. Transfer
from assets classied as held for sale mainly includes a
property reclassied back to property, plant and
equipment for EUR 56 million, as it is no longer
expected to be sold in 2016.
Transfer to assets classied as held for sale in 2014
mainly relates to the combined businesses of Lumileds
and Automotive. Impairment charges of EUR 49 million
are related to industrial assets in Lighting in 2014.
Property, plant and equipment includes nancial lease
assets with a book value of EUR 203 million at
December 31, 2015 (2014: EUR 192 million).