2013-vinci-annual-report

12. Property, plant and equipment
(in € millions)
Concession
operating fixed
assets Land Constructions
Plant, equipment
and fixtures
Gross
01/01/2012 3,136 851 1,250 6,065 11,302
Acquisitions as part of business combinations 1 12 56 217 285
Other acquisitions during the period 282 14 148 636 1,079
Disposals during the period (82) (11) (40) (437) (570)
Currency translation differences – 10 5 22 37
Changes in scope and other (7) 2 (40) 76 31
31/12/2012 3,329 877 1,378 6,580 12,165
Acquisitions as part of business combinations – 2 92 39 133
Other acquisitions during the period 164 16 157 598 935
Disposals during the period (59) (16) (58) (453) (587)
Currency translation differences (0) (16) (13) (110) (139)
Changes in scope and other (117) (4) (126) (101) (348)
31/12/2013 3,318 858 1,431 6,553 12,160
Total
Depreciation and impairment losses
01/01/2012 (1,814) (232) (561) (4,296) (6,903)
Depreciation in the period (165) (17) (55) (600) (838)
Impairment losses (0) (1) (10) (8) (19)
Reversals of impairment losses 1 2 2 9 14
Disposals during the period 78 4 21 402 505
Currency translation differences (0) (2) (2) (15) (19)
Other movements – 2 (44) (118) (159)
31/12/2012 (1,900) (244) (648) (4,626) (7,419)
Depreciation in the period (178) (16) (58) (647) (899)
Impairment losses (2) (1) (8) (12) (23)
Reversals of impairment losses – 4 2 7 14
Disposals during the period 55 3 18 399 475
Currency translation differences – 3 6 72 81
Other movements (1) – 16 136 151
31/12/2013 (2,026) (251) (672) (4,670) (7,619)
Net
01/01/2012 1,322 619 688 1,770 4,399
31/12/2012 1,429 633 730 1,954 4,746
31/12/2013 1,292 608 758 1,883 4,541
Property, plant and equipment include assets under construction not yet in service for €306 million at 31 December 2013 (€522 million at
31 December 2012).
At 31 December 2013, assets acquired under finance leases amounted to €112 million (€130 million at 31 December 2012). They relate mainly
to plant and equipment used in operations. The debts relating to these assets are shown in Note E.21.1 “Detail of long-term financial debt”.
Acquisitions in the form of business combinations in 2013 consisted mainly of the ANA group acquisition for €97 million.
Disposals in 2013 related mainly to the loss of control over CFE, which had a net impact of €65 million.
13. Impairment tests on goodwill and other non-financial assets
CONSOLIDATED FINANCIAL STATEMENTS 239
In accordance with IAS 36 “Impairment of Assets”, goodwill and other non-financial assets were tested for impairment at 31 December 2013.
Cash-generating units (CGUs) are identified in line with operational reporting and their recoverable amounts are based on a value in use
calculation. Values in use are determined by discounting the forecasted operating cash flows before tax (operating income plus depreciation
and amortisation plus non-current provisions less operating investments less change in operating WCR), at the rates below.
In the case of concessions, forecast cash flows are determined across the length of contracts by applying a variable discount rate, determined
for each period depending on the debt to equity ratio of the entity in question.