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 1/1/2010 |
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 |
|
Reversal of impairment |
203 |
1,322 |
0 |
1,525 |
|
Reclassification |
4,709 |
431 |
-6,116 |
-976 |
|
Balance as at 31/12/2010 |
354,184 |
200,963 |
11,345 |
566,492 |
|
|
|
|
|
|
|
Gross carrying amount as at 31/12/2010 |
619,066 |
923,997 |
11,345 |
1,554,408 |
|
Accumulated depreciation |
-264,882 |
-723,034 |
0 |
-987,916 |
|
|
|
|
|
|
|
Balance as at 1/1/2011 |
354,184 |
200,963 |
11,345 |
566,492 |
|
Group changes |
4,404 |
1,061 |
779 |
6,244 |
|
Exchange rate adjustments |
3,722 |
1,198 |
-291 |
4,629 |
|
Additions |
4,148 |
46,132 |
13,627 |
63,907 |
|
Disposals |
-6,595 |
-1,957 |
-609 |
-9,161 |
|
Depreciation |
-15,908 |
-63,482 |
0 |
-79,390 |
|
Impairment |
-8,796 |
-7,975 |
0 |
-16,771 |
|
Reclassification |
3,280 |
3,666 |
-4,775 |
2,171 |
|
|
|
|
|
|
|
Balance as at 31/12/2011 |
338,439 |
179,606 |
20,076 |
538,121 |
|
Gross carrying amount as at 31/12/2011 |
625,996 |
983,898 |
20,076 |
1,629,970 |
|
Accumulated depreciation |
-287,557 |
-804,292 |
0 |
-1,091,849 |
Land and buildings in the amount of €12,168 thousand (31 December 2010: €12,293 thousand) were largely pledged as collateral for accrued retirement benefits under partial retirement agreements.
The KION Group recognised impairment losses of €16,771 thousand in accordance with IAS 36 in 2011, predominantly in connection with the planned transfers of production. Of this amount, €8,796 thousand related to land and buildings, and €7,975 thousand to plant and machinery as well as office furniture and equipment. The impairment losses related to the STILL segment.
