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3. Movements for the year
(in millions of euros) 2002 2001 2000
Cost
As of January 1 28,691 26,584 25,085
Acquisitions 2,790 2,938 2,897
Disposals (1,406) (1,573) (1,371)
Changes in scope of consolidation and other (43) 993 (85)
Translation adjustment (626) (251) 58
As of December 31 29,406 28,691 26,584
Depreciation
As of January 1 17,230 16,225 15,631
Additions for the year 2,172 1,985 1,886
Depreciation written off on disposals (1,234) (1,354) (1,264)
Changes in scope of consolidation and other (58) 502 (59)
Translation adjustment (249) (128) 31
As of December 31 17,861 17,230 16,225
b) Finance companies
Property and equipment of Group finance companies can be analyzed as follows:
(in millions of euros)
2002 2001 2000
Cost Depreciation Net Cost Depreciation Net Cost Depreciation Net
Buildings 48 (15) 33 48 (13) 35 48 (15) 33
Equipment and other 52 (34) 18 52 (35) 17 55 (33) 22
100 (49) 51 100 (48) 52 103 (48) 55
Leased vehicles - - - - - - 107 (31) 76
Total 100 (49) 51 100 (48) 52 210 (79) 131
Since 2001, the characteristics of PSA Finance Nederland’s portfolio of long-term leases have been analyzed in detail by reference to the criteria applied
to determine the accounting classification of leases. The analysis shows that the leases fulfill the criteria for classification as direct financing leases.
➔ Note 17 - Receivables and investment securities
Receivables and investment securities include:
(in millions of euros) 2002 2001 2000
Value-added tax credit - - 45
Investment securities (note 1-m 1.) 6 4 3
Advances to non-consolidated companies 53 71 87
Very long-term loans under the Government
housing scheme (France) 37 29 23
Other long-term loans and receivables 51 77 60
147 181 218
Marketable securities with maturities
in excess of one year (note 1-m 3.)
- Restricted stock 66 66 344
- Other 716 377 548
Total 929 624 1,110
154
PSA PEUGEOT CITROËN - APPENDICES TO THE MANAGING BOARD REPORT