Siemens 2008 Annual Report Download - page 248

152 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated and per share amounts)
18 Property, plant and equipment
As of September 30, 2008 and 2007, contractual commitments for purchases of property, plant and equipment
amount to €463 and €467, respectively.
Investment property
Investment property consists of all property held to earn rentals or for capital appreciation or both and not used
in production or for administrative purposes.
The carrying amount of investment property amounts to €151 and €209 compared to a fair value of €357 and
€365 as of September 30, 2008 and 2007, respectively. The fair value is primarily based on a discounted cash
ow approach and in rare cases on appraisal values.
Gross
carrying
amount
as of
10/1/07
Trans-
lation
differ-
ences
Additions
through
business
combi-
nations
Addi-
tions
Re-
classi-
cations
Retire-
ments*
Gross
carrying
amount
as of
9/30/08
Accu-
mulated
depre-
ciation
Net
book
value
as of
9/30/08
Depre-
ciation
and
impair-
ment
during
scal
year
2008**
Land and buildings 8,639 (13) 169 251 189 (1,007) 8,228 (3,877) 4,351 (334)
Technical machinery and equipment 7,885 (40) 165 519 294 (571) 8,252 (5,668) 2,584 (619)
Furniture and ofce equipment 6,740 (60) 88 791 126 (1,031) 6,654 (5,085) 1,569 (818)
Equipment leased to others 2,019 (38) 200 550 39 (140) 2,630 (1,055) 1,575 (347)
Advances to suppliers and
construction in progress 894 (4) 27 937 (648) (26) 1,180 (1) 1,179 (1)
Property, plant and equipment 26,177 (155) 649 3,048 – (2,775) 26,944 (15,686) 11,258 (2,119)
* Includes Property, plant and equipment reclassified to Assets classified as held for disposal (see Note 4).
** Includes Impairments of €(213).
Gross
carrying
amount
as of
10/1/06
Trans-
lation
differ-
ences
Additions
through
business
combi-
nations
Addi-
tions
Re-
classi-
cations
Retire-
ments*
Gross
carrying
amount
as of
9/30/07
Accu-
mulated
depre-
ciation
Net
book
value
as of
9/30/07
Depre-
ciation
and
impair-
ment
during
scal
year
2007**
Land and buildings 9,800 (148) 239 341 177 (1,770) 8,639 (4,174) 4,465 (292)
Technical machinery and equipment 9,780 (231) 137 564 353 (2,718) 7,885 (5,501) 2,384 (709)
Furniture and ofce equipment 8,406 (141) 76 786 117 (2,504) 6,740 (5,196) 1,544 (873)
Equipment leased to others 1,614 (128) 160 548 23 (198) 2,019 (751) 1,268 (256)
Advances to suppliers and
construction in progress 1,100 (24) 63 728 (670) (303) 894 – 894 –
Property, plant and equipment 30,700 (672) 675 2,967 – (7,493) 26,177 (15,622) 10,555 (2,130)
* Includes Property, plant and equipment reclassified to Assets classified as held for disposal (see Note 4).
** Includes €(313) depreciation and impairment expense reported in Income (loss) from discontinued operations, net of income taxes.