|
In € millions |
Buildings and land |
Plant equipment and machinery |
Other equipment |
Construction in progress and prepayments on projects |
Assets not used in the production process |
Total | ||||||
|
|
|
|
|
|
|
| ||||||
|
Balance at January 1, 2010 |
|
|
|
|
|
| ||||||
|
Cost of acquisition |
2,243 |
5,303 |
623 |
274 |
32 |
8,475 | ||||||
|
Accumulated depreciation/impairment |
(995) |
(3,507) |
(477) |
– |
(22) |
(5,001) | ||||||
|
Carrying value |
1,248 |
1,796 |
146 |
274 |
10 |
3,474 | ||||||
|
|
|
|
|
|
|
| ||||||
|
Movements in 2010 |
|
|
|
|
|
| ||||||
|
Acquisitions through business combinations |
19 |
19 |
– |
– |
– |
38 | ||||||
|
Divestments |
(184) |
(252) |
(3) |
(10) |
(1) |
(450) | ||||||
|
Capital expenditures |
114 |
381 |
54 |
7 |
– |
556 | ||||||
|
Transfer between categories |
(11) |
11 |
3 |
(2) |
(1) |
– | ||||||
|
Depreciation |
(81) |
(311) |
(50) |
– |
– |
(442) | ||||||
|
Impairment |
(2) |
(26) |
(1) |
– |
– |
(29) | ||||||
|
Changes in exchange rates |
92 |
128 |
7 |
10 |
– |
237 | ||||||
|
Total movements |
(53) |
(50) |
10 |
5 |
(2) |
(90) | ||||||
|
|
|
|
|
|
|
| ||||||
|
Balance at December 31, 2010 |
|
|
|
|
|
| ||||||
|
Cost of acquisition |
2,254 |
5,654 |
664 |
279 |
33 |
8,884 | ||||||
|
Accumulated depreciation/impairment |
(1,059) |
(3,908) |
(508) |
– |
(25) |
(5,500) | ||||||
|
Carrying value at year-end 2010 |
1,195 |
1,746 |
156 |
279 |
8 |
3,384 | ||||||
|
|
|
|
|
|
|
| ||||||
|
Movements in 2011 |
|
|
|
|
|
| ||||||
|
Acquisitions through business combinations |
42 |
27 |
6 |
1 |
– |
76 | ||||||
|
Divestments |
(26) |
(1) |
(1) |
(1) |
(1) |
(30) | ||||||
|
Capital expenditures |
110 |
365 |
81 |
151 |
1 |
708 | ||||||
|
Transfer between categories |
– |
(7) |
9 |
(2) |
– |
– | ||||||
|
Depreciation |
(80) |
(313) |
(57) |
– |
(1) |
(451) | ||||||
|
Impairment |
(2) |
(6) |
– |
– |
– |
(8) | ||||||
|
Changes in exchange rates |
4 |
21 |
– |
– |
1 |
26 | ||||||
|
Total movements |
48 |
86 |
38 |
149 |
– |
321 | ||||||
|
|
|
|
|
|
|
| ||||||
|
Balance at December 31, 2011 |
|
|
|
|
|
| ||||||
|
Cost of acquisition |
2,330 |
5,906 |
750 |
428 |
28 |
9,442 | ||||||
|
Accumulated depreciation/impairment |
(1,087) |
(4,074) |
(556) |
– |
(20) |
(5,737) | ||||||
|
Carrying value at year-end 2011 |
1,243 |
1,832 |
194 |
428 |
8 |
3,705 |
Investments
In Decorative Paints, we are investing €110 million in a replacement manufacturing facility in the North East of England.
In Performance Coatings, we are investing €60 million to increase the production capacity of our Automotive and Aerospace Coatings business in China to meet rising demand.
In Specialty Chemicals, we are investing €90 million in a new facility being built in Brazil to supply the world’s largest pulp mill. We are also investing €45 million in Ningbo, China and €140 million to convert our chlorine plant in Frankfurt, Germany, to membrane electrolysis technology.
Impairments
In 2011, impairment charges have been recognized for an amount of €8 million (2010: €29 million). The impairment charges have been recognized in the cost of sales. The impairment charges related to restructuring activities in, among others, the US, Germany, Mexico and Italy.
Commitments
The carrying value of the property, plant and equipment financed by hire purchase and leasing and not legally owned by the company was €9 million (2010: €13 million), €8 million of which related to buildings and land, €1 million to plant and equipment and machinery. Purchase commitments for property, plant and equipment totaled €49 million (2010: €47 million).
|
Depreciation per cost category | ||||
|
|
|
| ||
|
In € millions |
2010 |
2011 | ||
|
Cost of sales |
(306) |
(325) | ||
|
Selling expenses |
(68) |
(72) | ||
|
General and administrative expenses |
(48) |
(40) | ||
|
Research and development expenses |
(13) |
(14) | ||
|
Discontinued operations |
(7) |
– | ||
|
Total |
(442) |
(451) | ||
