The changes in the carrying amounts of other property, plant and equipment were as follows:
Other property, plant and equipment |
||||
€ thousand |
Land and |
Plant, |
Advances |
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.
