Annual Report 2012

Financial Statements (International)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
for the year ended 31 December 2012
17 PROPERTY, PLANT AND EQUIPMENT (Continued)
The Company - by segment
158
Annual Report 2012 CHINA PETROLEUM & CHEMICAL CORPORATION
Exploration Marketing Corporate
and and and
production Refining distribution Chemicals others Total
RMB millions RMB millions RMB millions RMB millions RMB millions RMB millions
Cost:
Balance at 1 January 2011 437,174 171,307 94,814 139,946 11,421 854,662
Additions 2,340 41 1,627 19 116 4,143
Transferred from construction in progress 46,302 18,221 11,598 2,054 1,721 79,896
Transferred from subsidiaries — — 7,278 — — 7,278
Transferred to subsidiaries — — (72) — (33) (105)
Reclassification — 2,435 97 (2,314) (218) —
Reclassification to lease prepayments and other assets — (42) (2,382) (6) (2) (2,432)
Disposals (1,174) (2,490) (2,175) (2,120) (325) (8,284)
Balance at 31 December 2011 484,642 189,472 110,785 137,579 12,680 935,158
Balance at 1 January 2012 484,642 189,472 110,785 137,579 12,680 935,158
Additions 2,350 9 923 24 10 3,316
Transferred from construction in progress 52,727 11,063 10,041 4,282 930 79,043
Transferred to subsidiaries (13,836) (269) (96) (283) — (14,484)
Contributed to a jointly controlled entity — (3) — (268) — (271)
Reclassification 358 3,282 1,039 (5,995) 1,316 —
Reclassification to lease prepayments and other assets — (32) (8,695) (127) (1,142) (9,996)
Disposals (2,102) (2,474) (1,198) (1,742) (105) (7,621)
Balance at 31 December 2012 524,139 201,048 112,799 133,470 13,689 985,145
Accumulated depreciation:
Balance at 1 January 2011 205,304 89,249 32,738 86,677 3,824 417,792
Depreciation charge for the year 30,155 8,613 5,218 5,502 873 50,361
Transferred from subsidiaries — — 1,324 — — 1,324
Transferred to subsidiaries — — (15) — (13) (28)
Impairment losses for the year 2,153 72 241 282 1 2,749
Reclassification (3) 2,516 4 (2,512) (5) —
Reclassification to lease prepayments and other assets — (1) (326) — — (327)
Written back on disposals (1,114) (2,275) (1,785) (2,046) (318) (7,538)
Balance at 31 December 2011 236,495 98,174 37,399 87,903 4,362 464,333
Balance at 1 January 2012 236,495 98,174 37,399 87,903 4,362 464,333
Depreciation charge for the year 33,319 9,363 6,060 5,651 903 55,296
Transferred to subsidiaries (2,149) (137) (32) (172) — (2,490)
Contributed to a jointly controlled entity — (1) — (218) — (219)
Impairment losses for the year 1,006 — 8 — — 1,014
Reclassification 2,933 731 (1,092) (3,262) 690 —
Reclassification to lease prepayments and other assets — (2) (2,191) (20) — (2,213)
Written back on disposals (1,867) (1,599) (884) (1,546) (97) (5,993)
Balance at 31 December 2012 269,737 106,529 39,268 88,336 5,858 509,728
Net book value:
Balance at 1 January 2011 231,870 82,058 62,076 53,269 7,597 436,870
Balance at 31 December 2011 248,147 91,298 73,386 49,676 8,318 470,825
Balance at 31 December 2012 254,402 94,519 73,531 45,134 7,831 475,417