Annual Report 2005/06 - voestalpine

10
Consolidated Financial Statements
Annual Report 2005/06
As March 31, 2006, restrictions on title to property, plant and equipment
amounted to EUR 36.0 million (March 31, 2005: EUR 3.8 million).
The “Land and buildings” category includes real estate assets with a
carrying amount of EUR 0.1 million (March 31, 2005: EUR 0.1 million)
which are classified as investment property (IAS 40). These are stated
at cost. Based on comparable transactions, the fair value of these assets
is estimated at EUR 14.2 million (March 31, 2005: EUR 14.5 million).
“Land and buildings” and “Plant and equipment” include assets which
are used on the basis of finance lease agreements. In the consolidated
financial statements these assets are stated as follows:
Minimum finance lease payments are due as follows:
2005/06 2004/05
Cost 81.7 73.9
Depreciation (accumulated) –28.3 –21.1
Carrying amount 53.4 52.8
In millions of euros
2005/06 2004/05
Less than one year 6.5 7.5
Between one and five years 21.0 23.7
More than five years 33.6 47.6
61.1 78.8
In millions of euros