TAV IT

TAV AIRPORTS HOLDING AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2008
(Amounts expressed in Euro unless otherwise stated)
17. PROPERTY AND EQUIPMENT
Land Buildings
Machinery and
equipment Vehicles
Furniture and
fixtures
Leaseholds
improvements
Construction
in progress Total
Cost
Balance at 1 January 2007 585,724 433,914 31,106,203 10,094,158 12,244,390 15,030,502 - 69,494,891
Correction (*) - (1,752) (236,063) (2,134,075) (33,710) 319,533 - (2,086,067)
Effect of movements in exchange rates - (9,967) 372,171 (79,494) 399,837 407,171 - 1,089,718
Additions - 12,383 2,243,243 3,981,405 2,834,705 5,066,616 3,306,554 17,444,906
Effect of change in group structure (**) 13,947,587 28,566 18,249,249 3,521,327 1,985,469 5,074,482 185,603 42,992,283
Disposals - (210,549) (1,153,595) (810,393) (2,034,867) (1,885,323) - (6,094,727)
Transfers - - - 45,598 243,088 1,992,130 (2,280,816) -
Balance at 31 December 2007 14,533,311 252,595 50,581,208 14,618,526 15,638,912 26,005,111 1,211,341 122,841,004
Balance at 1 January 2008 14,533,311 252,595 50,581,208 14,618,526 15,638,912 26,005,111 1,211,341 122,841,004
Effect of movements in exchange rates (196,403) 4,304 (235,179) (97,369) (1,459,834) (3,437,000) (27,004) (5,448,485)
Additions - 24,327 1,571,112 2,748,942 2,388,829 3,200,193 20,899,160 30,832,563
Disposals - (186,525) (666,575) (666,336) (443,433) (280,594) (28,780) (2,272,243)
Transfers (***) - - - - - 2,656,254 (3,312,957) (656,703)
Balance at 31 December 2008 14,336,908 94,701 51,250,566 16,603,763 16,124,474 28,143,964 18,741,760 145,296,136