Annual Report 2012 - Indesit

Consolidated financial statements at 31 December 2012 – Notes
9. Notes to the consolidated statement of financial position
9.1 Property, plant
and equipment
During the year 2012, investments were made to 116.8 million euro (110.3 million euro). Investments in
tangible fixed assets mainly relate to the replacement of plant and investment in new production lines.
Land and buildings include the fair value of assets recognized on the acquisition of GDAH in 2002.
These assets were fully depreciated.
Depreciation, amortization and impairment losses amounted to 79.8 million euro (80.3 million euro).
The amount of orders to suppliers relating to tangible assets not yet fulfilled is equal to 25.3 million
euro (4.9 million euro) relating to the completion of the lines to new projects.
Advances to suppliers of fixed assets not yet delivered or unrealized amounted to 0.2 million euro (0.2
million euro).
The Net disposals and retirements, amounting to 15.3 million euro (12.0 million euro), mainly relate to
the different classification of certain tangible assets reclassified as available for sale (for more details,
please refer to paragraph 9.21).
Assets under construction, amounting to 50.1 million euro (45.7 million euro), mainly refer to
investments made ​by the Group in respect of new production lines.
There are no liens on the ownership of property.
Property, plant and equipment are analyzed as follows:
(million euro) 31.12.2012 31.12.2011
Land and buildings 255.5 248.8
Plant and machinery 251.0 227.6
Industrial and commercial equipment 93.9 80.3
Assets under construction 50.1 45.7
Other assets 22.5 20.7
Total property, plant and equipment 673.1 623.2
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