2012 Annual Report - Italcementi Group

2012 Annual Report
Presentation 4
General information 14
Annual Report Consolidated Annual Report Directors’ report 30
Sustainability disclosure Italcementi S.p.A. Annual Report Consolidated financial statements 63
Extraordinary session 351
Assets
5. Property, plant and equipment and Investment property
5.1 Property, plant and equipment
La nd and buildings Quarries Technical plant
materia ls and
equipme nt
Other PPE and
assets under
const ruction
Total
(In thousands of euro)
Net carrying amount at Dec. 31, 11 1,048,135 375,485 2,486,075 537,627 4,447,322
Gross amount 2,235,135 626,028 7,737,796 924,743 11,523,702
Accumulated depreciation (1,187,000) (250,543) (5,251,721) (387,116) (7,076,380)
Net carrying amount at Dec. 31, 11 1,048,135 375,485 2,486,075 537,627 4,447,322
Additions 57,150 15,354 135,981 122,376 330,861
Change in scope of consolidation,
reclassifications, other (18,839) (955) 50,155 (116,753) (86,392)
Depreciation and impairment (67,684) (13,534) (388,550) (35,850) (505,618)
Translation differences (17,116) (553) (35,182) (12,233) (65,084)
Net carrying amount at Dec. 31, 12 1,001,646 375,797 2,248,479 495,167 4,121,089
Gross amount 2,160,728 614,021 7,636,290 886,158 11,297,197
Accumulated depreciation (1,159,082) (238,224) (5,387,811) (390,991) (7,176,108)
Net carrying amount at Dec. 31, 12 1,001,646 375,797 2,248,479 495,167 4,121,089
Additions were mainly in France-Belgium, Italy, Egypt and India.
“Change in scope of consolidation, reclassifications, other” comprises the sold assets of Afyon and Fuping for a
total of 73.5 million euro, and the reclassification under “Investment property” of 6.7 million euro.
“Depreciation and impairment” includes net impairment losses on assets arising of 64.2 million euro (36.3
million euro in 2011 of which 27.5 million euro relating to production plants in Italy) and relating primarily to
Greece for 35 million euro and Italy for 28.2 million euro, of which 27.4 million euro for the transformation of the
Vibo Valentia and Porto Empedocle cement plants into grinding centers and plans to terminate clinker
production at the Trieste, Monselice and Broni cement plants.
Non-current assets held under finance leases and rental contracts were carried at a net amount of 28.4 million
euro at December 31, 2012 (27.8 million euro at December 31, 2011). They consist of plant and machinery for
25.9 million euro and buildings for 2.5 million euro.
Expenses included under “Property, plant and equipment” amounted to 28.9 million euro at December 31, 2012
(28.9 million euro at December 31, 2011).
Capitalized finance costs amounted to 1.3 million euro in 2012 (0.7 million euro in 2011).
Non-current assets pledged as security for bank loans were carried at 207.2 million euro at December 31, 2012
(195.8 million euro at December 31, 2011).
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