The changes in the carrying amounts of other property, plant and equipment were as follows:
Other property, plant and equipment |
|
|
|
|
(€ thousand) |
Land and buildings |
Plant, machinery, and office furniture and equipment |
Advances paid and assets under construction |
Total |
|
|
|
|
|
Balance as at 1/1/2009 |
347,609 |
278,786 |
13,264 |
639,659 |
Group changes |
11,547 |
1,129 |
0 |
12,676 |
Exchange rate adjustments |
2,832 |
1,918 |
41 |
4,791 |
Additions |
9,281 |
37,205 |
8,625 |
55,111 |
Disposals |
-78 |
-3,607 |
-76 |
-3,761 |
Depreciation |
-16,927 |
-73,770 |
0 |
-90,697 |
Impairment |
-11,403 |
-1,621 |
0 |
-13,024 |
Reclassification |
5,416 |
-7,040 |
-12,627 |
-14,251 |
Balance as at 12/31/2009 |
348,277 |
233,000 |
9,227 |
590,504 |
|
|
|
|
|
Gross carrying amount as at 12/31/2009 |
596,216 |
885,099 |
9,227 |
1,490,542 |
Accumulated depreciation |
-247,939 |
-652,099 |
0 |
-900,038 |
|
|
|
|
|
Balance as at 1/1/2010 |
348,277 |
233,000 |
9,227 |
590,504 |
Group changes |
0 |
1,019 |
0 |
1,019 |
Exchange rate adjustments |
9,353 |
3,176 |
212 |
12,741 |
Additions |
7,892 |
34,045 |
10,835 |
52,772 |
Disposals |
-57 |
-816 |
-2,813 |
-3,686 |
Depreciation |
-16,193 |
-71,156 |
0 |
-87,349 |
Impairment |
0 |
-58 |
0 |
-58 |
Appreciation |
203 |
1,322 |
0 |
1,525 |
Reclassification |
4,709 |
431 |
-6,116 |
-976 |
|
|
|
|
|
Balance as at 12/31/2010 |
354,184 |
200,963 |
11,345 |
566,492 |
Gross carrying amount as at 12/31/2010 |
619,066 |
923,997 |
11,345 |
1,554,408 |
Accumulated depreciation |
-264,882 |
-723,034 |
0 |
-987,916 |
Land and buildings in the amount of €12,293 thousand (31 December 2009: €12,312 thousand) were largely pledged as collateral for accrued retirement benefits under partial retirement agreements.
As required by IAS 36, the KION Group recognised impairment losses of €13,024 thousand in 2009, predominantly in connection with the relocation of production. Of this amount, €11,403 thousand related to land and buildings, and €1,621 thousand to plant and machinery and office furniture and equipment. The segment breakdown of impairment losses was as follows: LMH, €12,834 thousand; STILL, €21 thousand; and OM, €169 thousand. In the past financial year, the impairment losses recognised in the LMH segment in 2009 were partially reversed due to the improved market environment.
