Shareholders' Letter

23 Property, plant and equipment
Land, Advances made
buildings and and assets
leasehold Technical Other under
In CHF million improvements installations installations construction Total
At cost
Balance at 31 December 2009 3,025 23,172 2,972 300 29,469
Additions 8 946 188 309 1,451
Disposals (30) (424) (115) 3 (566)
Additions from acquisition of subsidiaries – 2 6 – 8
Adjustment to dismantlement and restoration costs – 40 – – 40
Reclassifications 3 138 47 (187) 1
Foreign currency translation adjustments (15) (517) 3 (5) (534)
Balance at 31 December 2010 2,991 23,357 3,101 420 29,869
Accumulated depreciation and impairment losses
Balance at 31 December 2009 2,124 17,182 1,987 – 21,293
Depreciation 26 1,058 270 – 1,354
Impairment losses – – 7 – 7
Disposals (23) (420) (106) – (549)
Foreign currency translation adjustments (2) (138) 5 – (135)
Balance at 31 December 2010 2,125 17,682 2,163 – 21,970
Net carrying amount
Net carrying amount at 31 December 2010 866 5,675 938 420 7,899