2.8 MEUR - Gorenje - Gorenje Group

Movements of property, plant and equipment in 2010
in TEUR Land Buildings
Production
and other
equipment
ANNUAL REPORT 2011
PPE under
construction Total
Cost at 1 Jan 2010 60,033 322,957 571,831 6,489 961,310
Acquisition 240 2,787 10,573 25,758 39,358
Acquisition through business
combinations
346 5,007 12,145 2,605 20,103
Disposal of Group companies -10,100 -6,051 -14,441 -87 -30,679
Ownership change in joint ventures 95 370 698 72 1,235
Disposal, write-offs -1,227 -3,907 -19,910 -506 -25,550
Revaluation
Transfer from investment property 1,200 123 1,323
Other transfers 150 1,979 14,576 -16,904 -199
Exchange differences -346 -1,301 -1,095 -104 -2,846
Cost at 31 Dec 2010 50,391 321,964 574,377 17,323 964,055
Accumulated depreciation
1 Jan 2010
0 152,340 426,169 0 578,509
Disposal of Group companies -3,718 -11,341 -15,059
Disposal, write-offs -1,975 -18,146 -20,121
Ownership change in joint ventures 21 68 89
Depreciation 9,328 36,899 46,227
Transfer from investment property 16 16
Other transfers -324 -324
Exchange differences -213 -469 -682
Accumulated depreciation
at 31 Dec 2010
0 155,475 433,180 0 588,655
Carrying amount at 1 Jan 2010 60,033 170,617 145,662 6,489 382,801
Carrying amount
at 31 Dec 2010
50,391 166,489 141,197 17,323 375,400
Note 22 – Investment property TEUR 15,219
in TEUR 2011 2010
The Management Board of Land the company Gorenje, d.d.
8,218 1,598
Buildings 7,001 2,920
Total 15,219 4,518
Investment property includes land and buildings acquired for resale or increase in investments. Investment
property is measured using the fair value model. Acquisition refers to to the purchase of land and buildings
from Gorenje Tiki, d.o.o. (company in liquidation).
The Management Board of the company Gorenje, d.d. 150