Annual Report 2012 - Indesit

Consolidated financial statements at 31 December 2012 – Notes
The changes in the net carrying amount of property, plant and equipment are summarized in the
following table:
Depreciation
(million euro) 31.12.2011 Additions
and
impairment
losses Decreases
Exchange
rate
differences
Reclassifications
31.12.2012
Land and buildings 248.8 17.2 (10.6) (14.9) 9.8 5.2 255.5
Plant and machinery 227.6 28.2 (37.9) (0.2) 11.1 22.1 251.0
Industrial and commercial equipment 80.3 20.0 (27.4) (0.1) 0.7 20.4 93.9
Assets under construction 45.7 46.8 - - 3.8 (46.2) 50.1
Other assets 20.7 4.6 (3.9) (0.2) 0.1 1.0 22.5
Total 623.2 116.8 (79.8) (15.3) 25.5 2.5 673.1
Depreciation
(million euro) 31.12.2010 Additions
and
impairment
losses Decreases
Exchange
rate
differences
Reclassifications
31.12.2011
Land and buildings 271.9 3.7 (13.6) (5.4) (12.0) 4.2 248.8
Plant and machinery 221.3 30.8 (38.0) (1.3) (13.9) 28.8 227.6
Industrial and commercial equipment 68.5 24.6 (24.9) (0.9) (4.7) 17.6 80.3
Assets under construction 53.8 50.1 - (5.0) (1.9) (51.3) 45.7
Other assets 21.7 1.2 (3.9) 0.5 0.5 0.7 20.7
Total 637.2 110.3 (80.3) (12.0) (32.1) 0.0 623.2
Finance leases
Non-cancellable
operating leases
The Group was not party to any significant finance leases during 2012.
The minimum future payments for non-cancellable operating leases are analyzed by maturity as
follows:
(million euro) 31.12.2012 31.12.2011
Within 1 year 13.4 14.0
Between 1 and 5 years 33.5 33.2
Beyond 5 years 21.4 23.8
Total minimun lease payments 68.3 71.0
The principal non-cancellable operating leases relate to the Radomsko warehouse in Poland and the
Uxbridge office in the UK. These contracts expire in April 2024 and July 2013 respectively. Neither
contract envisages the possibility of renewal or purchase of the assets concerned.
The income statement reflects rental charges incurred under operating leases on an accruals basis, 20.2
million euro (17.8 million euro).
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