[21] Other property, plant and equipment

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 1/1/2011

366,609

212,389

11,345

590,343

Group changes

4,404

1,061

779

6,244

Exchange rate adjustments

3,686

1,165

-291

4,560

Additions

2,049

47,161

13,627

62,837

Disposals

-9,951

-9

-609

-10,569

Depreciation

-15,987

-68,902

0

-84,889

Impairment

-8,796

-7,975

0

-16,771

Reclassification

3,223

3,613

-4,775

2,061

Balance as at 31/12/2011

345,237

188,503

20,076

553,816

 

 

 

 

 

Gross carrying amount as at 31/12/2011

652,313

1,014,798

20,076

1,687,187

Accumulated depreciation

-307,076

-826,295

0

-1,133,371

 

 

 

 

 

Balance as at 1/1/2012

345,237

188,503

20,076

553,816

Group changes

3,023

-173

0

2,850

Exchange rate adjustments

-319

-142

-58

-519

Additions

9,937

65,700

17,520

93,157

Disposals

-19,006

-30,374

-6,215

-55,595

Depreciation

-14,105

-63,102

0

-77,207

Impairment

-12,347

-3,962

0

-16,309

Reclassification

9,856

5,973

-15,677

152

 

 

 

 

 

Balance as at 31/12/2012

322,276

162,423

15,646

500,345

Gross carrying amount as at 31/12/2012

637,632

887,995

15,646

1,541,273

Accumulated depreciation

-315,356

-725,573

0

-1,040,929

Land and buildings in the amount of €4,244 thousand (31 December 2011: €12,168 thousand) were largely pledged as collateral for accrued retirement benefits under partial retirement agreements.

The KION Group recognised impairment losses of €16,309 thousand in accordance with IAS 36 in 2012, predominantly in connection with the planned closure of production sites. Of this amount, €12,347 thousand related to land and buildings, and €3,962 thousand to plant and machinery as well as office furniture and equipment. The impairment losses related to the LMH segment.

Plant and machinery as well as office furniture and equipment include assets from procurement leases (finance leases) amounting to €15,517 thousand (31 December 2011: €15,695 thousand). The corresponding liabilities are reported as other financial liabilities.

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