Hornbach-Baumarkt-AG Group

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120 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet (12) Property, plant and equipment and investment property The development in property, plant and equipment in the 2011/2012 and 2012/2013 financial years was as follows: € 000s Land, leasehold rights, and buildings on thirdparty land Investment property (IAS 40) Other equipment, plant, and office equipment Assets under construction Cost Balance at March 1, 2011 617,120 9,741 488,374 20,719 1,135,954 Reclassifications to/from non-current assets held for sale (1,370) 0 0 0 (1,370) Changes in scope of consolidation 7,948 0 0 4 7,952 Additions 36,315 0 38,173 18,614 93,102 Disposals 19 694 27,696 742 29,151 Reclassifications 14,426 0 2,000 (16,440) (14) Foreign currency translation 2,268 0 613 (98) 2,783 Balance at February 29/March 1, 2012 676,688 9,047 501,464 22,057 1,209,256 Reclassifications to/from non-current assets held for sale 0 (1,639) 0 0 (1,639) Changes in scope of consolidation 0 0 0 566 566 Additions 53,047 0 47,934 12,343 113,324 Disposals 102 0 29,091 269 29,462 Reclassifications pursuant to IAS 40 (2,257) 2,257 0 0 0 Reclassifications 16,885 0 589 (17,518) (44) Foreign currency translation (3,526) 0 (740) (137) (4,403) Balance at February 28, 2013 740,735 9,665 520,156 17,042 1,287,598 Depreciation Balance at March 1, 2011 141,349 3,776 391,720 0 536,845 Additions 14,113 88 36,111 0 50,312 Write-ups (555) (641) 0 0 (1,196) Disposals 8 0 27,156 0 27,164 Reclassifications 0 0 (3) 0 (3) Foreign currency translation (236) 0 437 0 201 Balance at February 29/March 1, 2012 154,663 3,223 401,109 0 558,995 Reclassifications to/from non-current assets held for sale 0 (320) 0 0 (320) Additions 15,213 602 34,568 0 50,383 Disposals 46 0 28,546 0 28,592 Reclassifications pursuant to IAS 40 (156) 156 0 0 0 Foreign currency translation (579) 0 (404) 0 (983) Balance at February 28, 2013 169,095 3,661 406,727 0 579,483 Carrying amount at February 28, 2013 571,640 6,005 113,429 17,042 708,115 Carrying amount at February 29, 2012 522,025 5,824 100,355 22,057 650,261 Total
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Notes on the Consolidated Balance Sheet 121 The impairment losses included in depreciation relate to assets whose carrying amounts exceed their recoverable amounts. These impairment losses have been recognized under other expenses from non-operating activities. In the 2012/2013 financial year, impairment losses of € 514k were recognized for items of investment property, which were written down to their net sale prices (2011/2012: € 0k). The net sale prices of these assets were determined by reference to current value surveys and to purchase offers. In the previous year, it was not possible to uphold the expectations in terms of the medium-term sales and earnings performance of the Romania region. The impairment test performed as a result led to the recognition of impairment losses pursuant to IAS 36.105 in conjunction with IAS 36.104 on marketing-oriented and sales promotional plant and office equipment, which were written down by € 1,704k to a value of zero in the 2011/2012 financial year. Impairment losses are included in non-current asset items as follows: 2012/2013 2011/2012 DIY stores segment Other equipment, plant, and office equipment 0 1,704 0 1,704 Real estate segment Land 514 0 514 0 Total 514 1,704 No write-ups were recognized in the 2012/2013 financial year (2011/2012: € 1,196k). The write-ups recognized in the previous year related to the appreciation in value on pieces of land not used for operations, or originally intended for DIY store extensions, for which impairment losses had been recognized in previous years. The write-ups were based on purchase offers and agreed sale contracts and were recognized under other income from non-operating activities in the real estate segment. The reclassifications from reserve land to non-current assets held for sale relate to three pieces of land not used for operations, of which one piece of land was already sold in the 2012/2013 financial year. Reference is made to Note 7 with regard to capitalized financing costs. The real estate assets are predominantly owned by HORNBACH-<strong>Baumarkt</strong>-<strong>AG</strong> and by real estate companies established for this purpose.
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Hornbach-Baumarkt-AG Group Annual R
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Key Group, Financial and Operating
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COMPANY PROFILE 7 Germany. The net
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10 TO OUR SHAREHOLDERS TO OUR SHARE
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12 REPORT OF THE SUPERVISORY BOARD
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14 REPORT OF THE SUPERVISORY BOARD
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16 DIRECTORS & OFFICERS DIRECTORS &
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The timesavers Got the internal fit
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