ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

6
2011 CONSOLIDATED FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
NOTE 9 PROPERTY, PLANT AND EQUIPMENT
The table below shows movements in the carrying amount of property, plant and equipment:
(in € million) Land Buildings
Technical
installations,
plant and
tooling
Assets under
construction
Other property,
plant and
equipment Total
Carrying amount at 01/01/09 8.3 22.8 68.1 7.5 6.1 112.8
Acquisitions 1.1 1.2 11.2 2.6 0.6 16.7
Disposals 0.0 0.0 (0.1) 0.0 0.0 (0.1)
Depreciation 0.0 (1.6) (16.6) 0.0 (0.9) (19.1)
Translation adjustment 0.0 0.0 (0.2) 0.0 0.0 0.0
Transfers 0.0 1.4 0.4 (1.9) 0.1 0.0
Carrying amount at 31/12/09
At 31/12/2009
9.4 23.8 62.8 8.2 5.9 110.1
Gross value 9.4 42,0 179.5 8.2 12.5 251.6
Accumulated depreciation 0.0 (18.2) (116.7) 0.0 (6.6) (141.5)
Carrying amount 9.4 23.8 62.8 8.2 5.9 110.1
Carrying amount at 01/01/10 9.4 23.8 62.8 8.2 5.9 110.1
Acquisitions 1.1 0.5 7.2 60.0 0.8 69.6
Disposals 0.0 0.0 (0.5) 0.0 0.0 (0.5)
Depreciation 0.0 (2.1) (13.1) 0.0 (1.1) (16.3)
Translation adjustment 0.3 0.7 2.9 0.2 0.1 4.2
Transfers 0.0 1.9 5.7 (8.1) 0.3 (0.2)
Carrying amount at 31/12/10
At 31/12/2010
10.8 24.8 65.0 60.3 6.0 166.9
Gross value 10.8 45.7 200.1 60.3 13.6 330.5
Accumulated depreciation 0.0 (20.9) (135.1) 0.0 (7.6) (163.6)
Carrying amount 10.8 24.8 65.0 60.3 6.0 166.9
Carrying amount at 01/01/11 10.8 24.8 65.0 60.3 6.0 166.9
Acquisitions 0.0 12.3 20.2 26.3 0.8 59.6
Disposals 0.0 (0.5) 0.0 0.0 (0.1) (0.6)
Depreciation 0.0 (2.9) (13.1) 0.0 (1.0) (17.0)
Translation adjustment (0.1) 3.4 3.2 (0.8) 0.0 5.7
Transfers 0.0 32.7 22.4 (55.7) 0.5 (0.1)
Carrying amount at 31/12/11
At 31/12/2011
10.7 69.8 97.7 30.1 6.2 214.5
Gross value 10.7 94.2 246,0 30.1 13.5 394.5
Accumulated depreciation 0.0 (24.4) (148.3) 0.0 (7.3) (180.0)
CARRYING AMOUNT 10.7 69.8 97.7 30.1 6.2 214.5
Assets under construction amounted to €30.1 million by the end
of 2011, almost 50% of which relates to the new Jacksonville
production unit in Florida.
Property, plant and equipment under fi nance leases or long-term
lease contracts represented a carrying value of €2.9 million
as at 31 December 2011, against €3.2 million by the end
of 2010 and €3.3 million by the end of 2009. They are
accounted for under the caption “Other property, plant and
equipment” in the above table.
The carrying amount of investment properties was €0.1 million
as of 31 December 2011 (gross value of €0.1 million) as
compared to €0.1 million at 31 December 2010 (gross value
of €0.3 million) and €0.2 million at 31 December 2009.
Investment properties relate to an offi ce building leased to a
third party.
SAFT - ANNUAL REPORT 2011 / 157