2007 Reference document (PDF) - Valeo

Changes in property, plant and equipment over 2007, 2006 and 2005 are analyzed below:
2007
(In millions of euros)
Land Buildings Plant and
equipment
Consolidated fi nancial statements at December 31, 2007
Notes to consolidated financial statements
Specific
tooling
Other Fixed assets
in progress
Gross at January 1, 2007 156 971 3,322 1,169 468 239 6,325
Accumulated
depreciation
and impairment (10) (552) (2,452) (1,023) (370) - (4,407)
Net at January 1, 2007 146 419 870 146 98 239 1,918
Capital expenditure 1 16 129 60 28 211 445
Disposals - (2) (5) (3) (2) (2) (14)
Assets held for sale (1) Changes in scope of
- (1) - - - - (1)
consolidation (3) (18) (40) (2) 12 (3) (54)
Impairment losses (1) (1) (8) (9) (3) - (22)
Depreciation (3) (51) (265) (99) (43) - (461)
Translation adjustments (5) (2) (8) (2) - (4) (21)
Reclassifications
Net at December 31,
1 30 127 58 10 (226) -
2007 136 390 800 149 100 215 1,790
(1) In accordance with IFRS 5, buildings for which the Group is actively seeking buyers are classified in “Assets held for sale”.
2006
(In millions of euros)
Land Buildings Plant and
equipment
Specific
tooling
Other Fixed assets
in progress
Gross at January 1, 2006
Accumulated
depreciation
178 1,012 3,346 1,155 538 205 6,434
and impairment (11) (554) (2,413) (1,000) (415) - (4,393)
Net at January 1, 2006 167 458 933 155 123 205 2,041
Capital expenditure 2 24 179 63 33 191 492
Disposals - (1) (1) (2) (3) (8) (15)
Assets held for sale (1) Changes in scope of
- (9) - - - - (9)
consolidation (8) (17) (20) (4) (3) (4) (56)
Impairment losses (1) - (5) (1) (1) - (8)
Depreciation (1) (50) (284) (103) (46) - (484)
Translation adjustments (8) (6) (13) (3) (3) (6) (39)
Reclassifications
Net at December 31,
(5) 20 81 41 (2) (139) (4)
2006 146 419 870 146 98 239 1,918
(1) In accordance with IFRS 5, buildings for which the Group is actively seeking buyers are classified in “Assets held for sale”.
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2007 Reference document - VALEO
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