to download Telecom Italia Annual Report 2011 - Company Reporting

Note 5 – Tangible assets (owned and
under finance leases)
Property, plant and equipment owned
Property, plant and equipment owned decreased 497,510 thousand euros compared to December 31,
2010. The composition and movements during the year are as follows:
(thousands of
euros)
12/31/2009 Contribution
of business
to SSC
Additions Depreciation
(*)
Impairment
(losses)/
reversals
Disposals
Other
changes
12/31/2010
Land 121,685 - 20 - - (100) (63) 121,542
Buildings (civil
and industrial) 403,298 - 2,694 (39,493) - (2,183) 39,808 404,124
Plant and
equipment 9,499,147 - 1,316,774 (2,214,861) - (8,795) 195,683 8,787,948
Manufacturing
and
distribution
equipment 27,617 - 6,103 (10,796) - 2,379 25,303
Other 341,887 (13,964) 67,682 (137,156) - (138) 45,567 303,878
Construction in
progress and
advance
payments 490,545 - 335,328 - (4,044) (1,173) (239,787) 580,869
Total 10,884,179 (13,964) 1,728,601 (2,402,306) (4,044) (12,389) 43,587 10,223,664
(*) The depreciation charge does not take into account the adjustments to the Provision for restoration costs for a total
amount of 7,642 thousand euros
(thousands of euros) 12/31/2010 Additions Depreciation
(*)
Impairment
(losses)/
reversals
Disposals
Other
changes
12/31/2011
Land 121,542 22 - - (314) (1,987) 119,263
Buildings (civil and
industrial) 404,124 3,229 (41,253) - (247) 17,986 383,839
Plant and equipment 8,787,948 1,374,106 (2,036,027) - (23,494) 340,234 8,442,767
Manufacturing and
distribution equipment 25,303 3,396 (11,568) - (105) 8,668 25,694
Other 303,878 80,120 (123,217) - (314) 38,090 298,557
Construction in
progress and advance
payments 580,869 269,917 - (3,650) (2,656) (388,446) 456,034
Total 10,223,664 1,730,790 (2,212,065) (3,650) (27,130) 14,545 9,726,154
(*) The depreciation charge does not take into account the adjustments to the Provision for restoration costs for a total
amount of 240 thousand euros
Land includes both built-up land (with buildings or light constructions) and other land (on which various
building works stand that are not recorded in the cadastre, such as pylons, building podia, etc.) In this
regard, land, including land pertaining to buildings, is not depreciated. The amount has remained
basically unchanged compared to December 31, 2010 (-2,279 thousand euros).
Buildings (civil and industrial) almost exclusively include buildings for industrial use hosting telephone
exchanges or for office use and light constructions (referring to constructions built with light structures
and walls). This line item also includes some civil buildings (that is, registered as residences), for a
marginal amount of 1,033 thousand euros. Changes during the year refer to the reclassification of
buildings under finance leases to owned buildings for a building that was purchased at the end of the
finance lease in 2011 for 12,095 thousand euros.
Telecom Italia S.p.A. Separate Financial Statements
Note 5 – Tangible assets (owned and under finance leases) 331