Annual Report 2009 - Von Roll

66 Financial Reporting 2009 – Consolidated Financial Statements18.| Property, plant and equipmentin CHF 1,000LandandbuildingsTechnicalinstallationand machineryPlant andofficeequipmentCostBalance at 1 January 2008 121,710 319,524 34,023 475,257Additions 710 21,083 2,716 24,509Disposals 85 – 12,824 – 4,027 – 16,766Changes in the scope of consolidation (Note 2) 7,376 60,419 7,145 74,940Currency translation – 7,368 – 23,972 – 4,814 – 36,154Reclassifications 1,926 – 2,550 151 – 473Balance at 31 December 2008 124,439 361,680 35,194 521,313TotalBalance at 1 January 2009 124,439 361,680 35,194 521,313Additions 1,323 16,480 621 18,424Disposals – 865 – 5,453 – 4,004 – 10,322Changes in the scope of consolidation (Note 2) – – 513 – 6 – 519Currency translation 240 1,582 551 2,373Reclassifications 2,649 – 3,783 241 – 893Balance at 31 December 2009 127,786 369,993 32,597 530,376Accumulated depreciationBalance at 1 January 2008 – 100,843 – 260,102 – 30,078 – 391,023Depreciation (Note 9) – 2,247 – 8,979 – 1,516 – 12,742Disposals – 38 12,556 3,983 16,501Impairments 932 1,609 58 2,599Changes in the scope of consolidation (Note 2) – 4,100 – 54,374 – 6,906 – 65,380Currency translation 5,366 19,351 4,302 29,019Reclassifications – 62 165 – 4 99Balance at 31 December 2008 – 100,992 – 289,774 – 30,161 – 420,927Balance at 1 January 2009 – 100,992 – 289,774 – 30,161 – 420,927Depreciation (Note 9) – 2,538 – 11,232 – 1,307 – 15,077Disposals 860 5,377 3,875 10,112Changes in the scope of consolidation (Note 2) – 81 6 87Currency translation – 423 – 1,134 – 487 – 2,044Reclassifications – 744 – 6 738Balance at 31 December 2009 – 103,093 – 295,938 – 28,080 – 427,111Net carrying amounts at 31 December 2008 23,447 71,906 5,033 100,386Net carrying amounts at 31 December 2009 24,693 74,055 4,517 103,265Technical installations and equipment includes an amount of TCHF 7,065 (2008: TCHF 12,125) relating to property,plant and equipment under construction.The changes in the scope of consolidation reflect the liquidation of Von Roll Isola Winding Systems GmbH i.L. andthe deconsolidation of Von Roll Finanz AG.Property, plant and equipment is reviewed for impairment at least annually. The impairment tests have been determinedusing the discounted cash flow method applying discount rates of 6.9 % to 11.4 %. The management estimatesdiscount rates that reflect current market assessments of the time value of money and the risks specific to the cashgeneratingunits.