[20] Other property, plant, and equipment
The changes in the carrying amounts of other property, plant, and equipment are shown in the following table:
in € million |
Land and buildings |
Plant & machinery and office furniture & equipment |
Advances paid and assets under construction |
Total |
---|---|---|---|---|
Balance as at Jan. 1, 2019 |
625.5 |
382.0 |
70.3 |
1,077.8 |
Group changes |
4.8 |
1.0 |
– |
5.8 |
Currency translation adjustments |
6.4 |
2.6 |
0.2 |
9.2 |
Additions |
135.2 |
157.3 |
76.6 |
369.0 |
Disposals |
–12.3 |
–7.5 |
–0.1 |
–19.9 |
Depreciation |
–73.6 |
–130.9 |
– |
–204.5 |
Impairment |
–0.1 |
–1.1 |
– |
–1.2 |
Reclassification |
15.6 |
37.9 |
–53.6 |
– |
|
|
|
|
|
Balance as at Dec. 31, 2019 |
701.6 |
441.3 |
93.5 |
1,236.3 |
Gross carrying amount as at Dec. 31, 2019 |
1,354.3 |
1,329.8 |
93.5 |
2,777.6 |
Accumulated depreciation |
–652.7 |
–888.5 |
– |
–1,541.3 |
|
|
|
|
|
Balance as at Jan. 1, 2020 |
701.6 |
441.3 |
93.5 |
1,236.3 |
Group changes |
15.2 |
2.4 |
– |
17.6 |
Currency translation adjustments |
–18.8 |
–7.1 |
–2.7 |
–28.6 |
Additions |
131.1 |
140.1 |
85.6 |
356.7 |
Disposals |
–17.0 |
–5.6 |
–1.2 |
–23.8 |
Depreciation |
–83.1 |
–145.0 |
– |
–228.1 |
Impairment |
–10.5 |
–3.1 |
– |
–13.6 |
Reclassification |
6.0 |
69.4 |
–75.4 |
– |
|
|
|
|
|
Balance as at Dec. 31, 2020 |
724.5 |
492.4 |
99.8 |
1,316.6 |
Gross carrying amount as at Dec. 31, 2020 |
1,439.9 |
1,439.4 |
99.8 |
2,979.0 |
Accumulated depreciation |
–715.4 |
–947.0 |
– |
–1,662.4 |
Land and buildings in the amount of €18.3 million (December 31, 2019: €18.3 million) were largely pledged as collateral for accrued retirement benefits under partial retirement agreements.
Other property, plant, and equipment included a figure of €492.5 million for right-of-use assets related to procurement leases (December 31, 2019: €452.7 million). Of this figure, €375.0 million was attributable to land and buildings (December 31, 2019: €325.9 million) and €117.5 million to plant & machinery and office furniture & equipment (December 31, 2019: €126.8 million). The increase in right-of-use assets attributable to land and buildings was primarily due to property leases in connection with the expansion of the production site in Stříbro in the Czech Republic and the construction of an additional plant for counterbalance trucks in Jinan in eastern China, and to the acquisition of the UK software company DAI.
Within the impairment losses recognized in the reporting year, a figure of €13.6 million related to property, plant, and equipment used by specific customers in the Supply Chain Solutions segment. This was attributable to a deterioration in profit forecasts for the underlying customer business.
in € million |
Land and buildings |
Plant & machinery and office furniture & equipment |
Total |
---|---|---|---|
Balance as at Jan. 1, 2019 |
276.4 |
114.3 |
390.7 |
Group changes |
4.6 |
0.2 |
4.8 |
Currency translation adjustments |
3.5 |
0.8 |
4.3 |
Additions |
107.2 |
73.6 |
180.8 |
Disposals |
–11.8 |
–3.8 |
–15.5 |
Depreciation |
–53.9 |
–58.4 |
–112.3 |
Impairment |
–0.1 |
– |
–0.1 |
|
|
|
|
Balance as at Dec. 31, 2019 |
325.9 |
126.8 |
452.7 |
Gross carrying amount as at Dec. 31, 2019 |
568.0 |
243.3 |
811.4 |
Accumulated depreciation |
–242.2 |
–116.5 |
–358.7 |
|
|
|
|
Balance as at Jan. 1, 2020 |
325.9 |
126.8 |
452.7 |
Group changes |
15.2 |
– |
15.2 |
Currency translation adjustments |
–9.3 |
–1.5 |
–10.8 |
Additions |
121.5 |
56.0 |
177.5 |
Disposals |
–15.8 |
–5.0 |
–20.9 |
Depreciation |
–62.4 |
–58.7 |
–121.1 |
|
|
|
|
Balance as at Dec. 31, 2020 |
375.0 |
117.5 |
492.5 |
Gross carrying amount as at Dec. 31, 2020 |
658.0 |
243.4 |
901.4 |
Accumulated depreciation |
–283.0 |
–125.9 |
–408.9 |
The expense recognized in 2020 for procurement leases with a term of up to twelve months came to €18.5 million (2019: €20.4 million); the expense for procurement leases that relate to low-value assets was €9.1 million (2019: €10.0 million).
There were also obligations arising from short-term procurement leases that already existed as at December 31, 2020 but will be recognized as expenses in 2021 in an amount of €1.4 million (December 31, 2019: €1.9 million) and nominal obligations of €18.4 million (December 31, 2019: €44.4 million) resulting from procurement leases that already exist but have not yet started.