Annual Report 2014

Financial report
Consolidated financial statements
Note 7 – Property, plant and equipment
IN THOUSANDS OF EUR
LAND AND
BUILDINGS
PLANT, MACHINERY,
EQUIPMENT
FURNITURE,
VEHICLE
OTHER
PROPERTY, PLANT,
EQUIPMENT
UNDER
CONSTRUCTION
At 31 December 2012
Gross book value 1,045,397 2,469,834 172,121 25,358 91,017 3,803,727
Accumulated depreciation -451,004 -1,370,726 -140,646 -16,116 - -1,978,492
Accumulated impairment loss -3,235 -40,715 -316 -57 -11,338 -55,661
Net book value 591,158 1,058,393 31,159 9,185 79,679 1,769,574
Of which leased assets 2,684 39,516 1,751 - - 43,951
TOTAL
Additions 41,358 104,153 10,542 193 42,775 199,021
Disposals -1,626 -2,997 -517 -5 - -5,145
Changes in the scope of consolidation 187 -8,648 251 -20 5 -8,225
Transfer between captions 20,702 8,509 1,004 44 -33,754 -3,495
Depreciation for the year -32,930 -102,634 -8,392 -1,687 - -145,643
Impairment loss of the year -747 -9,133 -19 -3 16 -9,886
Reversal impairment loss 972 1,005 26 - - 2,003
Translation differences -22,370 -40,069 -1,232 -135 -6,115 -69,921
At 31 December 2013
Gross book value 1,076,194 2,432,939 169,700 24,970 83,889 3,787,692
Accumulated depreciation -477,097 -1,381,144 -136,570 -17,340 - -2,012,151
Accumulated impairment loss -2,391 -43,223 -305 -56 -1,283 -47,258
Net book value 596,706 1,008,572 32,825 7,574 82,606 1,728,283
Of which leased assets 1,801 32,058 639 - - 34,498
Additions 18,592 57,776 5,166 1,175 108,722 191,431
Disposals -3,565 -1,395 -252 38 -94 -5,268
Changes in the scope of consolidation -720 -1,848 -109 41 18 -2,618
Transfer between captions 1,257 -50,252 75,317 -74 -30,174 -3,926
Depreciation of the year -30,675 -100,749 -8,192 -1,507 - -141,123
Impairment loss of the year -4,142 -14,926 -125 -18 -238 -19,449
Reversal of impairment loss - 737 - - - 737
Translation differences -2,734 197 -476 -33 -2 -3,048
At 31 December 2014
Gross book value 1,069,271 2,361,902 269,975 23,334 162,149 3,886,631
Accumulated depreciation -488,035 -1,405,609 -165,360 -16,065 - -2,075,069
Accumulated impairment loss -6,518 -58,180 -461 -73 -1,311 -66,543
Net book value 574,718 898,113 104,154 7,196 160,838 1,745,019
Of which leased assets 786 24,393 481 - - 25,660
In 2014, major capital expenditure relate to projects initiated in previous year and which are about to be finalized including plasterboard
lines in Brazil, Romania and Peru, new fibre-cement lines in Indonesia and Chile. In continuation of our strategy, we have also invested in
in the modernisation of our plants, especially in Nigeria.
The disposal proceeds of property, plant and equipment in 2014 amount to € 13,303 thousand, resulting in a net gain of
€ 8,035 thousand (mainly the sale of a piece of land in Chile, see note 4). In 2013, the proceeds amounted to € 6,991 thousand
with a net gain of € 2,998 thousand.
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