Annual Report 2008 Sustainable design & engineering - Grontmij
Annual Report 2008 Sustainable design & engineering - Grontmij
Annual Report 2008 Sustainable design & engineering - Grontmij
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Notes to the consolidated financial statements<br />
10. Property, plant and equipment<br />
The movements in the carrying amount are as follows:<br />
In thousands of euros<br />
Total Land and Plant and Other Landfill<br />
buildings equipment equipment sites<br />
Balance as at 1 January 2007<br />
Cost 152,905 38,172 6,708 102,347 5,678<br />
Accumulated depreciation and impairment losses -107,900 -22,885 -4,110 -77,688 -3,217<br />
Carrying amount 45,005 15,287 2,598 24,659 2,461<br />
Movements in 2007<br />
Capital expenditure 13,141 98 708 12,335 -<br />
Acquisitions through business combinations 450 - - 450 -<br />
Reclassification 671 1,668 152 -1,149 -<br />
Disposal of discontinued operations -1,637 -1,465 -102 -70 -<br />
Disposals -1,769 -521 -112 -1,136 -<br />
Depreciation -12,160 -1,385 -803 -9,564 -408<br />
Currency differences -353 - - -353 -<br />
-1,657 -1,605 -157 513 -408<br />
Balance as at 31 December 2007<br />
Cost 145,013 37,852 7,217 94,266 5,678<br />
Accumulated depreciation and impairment losses -101,312 -24,170 -4,776 -68,741 -3,625<br />
Accumulated currency differences -353 - - -353 -<br />
Carrying amount 43,348 13,682 2,441 25,172 2,053<br />
Movements in <strong>2008</strong><br />
Capital expenditure 9,825 177 601 9,047 -<br />
Acquisitions through business combinations 965 - 11 954 -<br />
Reclassifications -445 559 180 -1,184 -<br />
Disposals -470 -91 -1 -378 -<br />
Depreciation -11,389 -1,583 -864 -8,456 -486<br />
Currency differences -1,354 - 10 -1,364 -<br />
-2,868 -938 -63 1,381 -486<br />
Balance as at 31 December <strong>2008</strong><br />
Cost 141,410 38,395 8,409 88,928 5,678<br />
Accumulated depreciation and impairment losses -99,223 -25,651 -6,041 -63,420 -4,111<br />
Accumulated currency differences -1,707 - 10 -1,717 -<br />
Carrying amount 40,480 12,744 2,378 23,791 1,567<br />
As at 31 December <strong>2008</strong>, real estate (buildings) to an amount of € 4,185,000 (2007: € 4,609,000) have been pledged as collateral for a mortgage bank loan.<br />
The Group leases operating assets by means of finance lease contracts with the option to acquire these assets at the end of the term at a reduced<br />
price in comparison to market value. These assets serve as collateral in respect of the lease liabilities (refer to note 25); their carrying amount as at<br />
31 December <strong>2008</strong> amounts to € 503,000 (2007: € 1,287,000).<br />
GRONTMIJ | ANNUAL REPORT <strong>2008</strong> 93
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