| [ XLS ] |
|
€ million |
Land, land rights and buildings, including buildings on third-party land |
Plant and |
Other facilities, operating and office equipment |
Construction in progress and advance payments to vendors and contractors |
Total |
|
Acquisition cost January 1, 2006 |
1,235.3 |
2,036.8 |
685.9 |
179.5 |
4,137.5 |
|
Currency translation |
–33.2 |
–41.2 |
–12.5 |
–5.4 |
–92.3 |
|
Changes in companies consolidated |
1.9 |
1.0 |
0.1 |
– |
3.0 |
|
Additions |
17.3 |
53.2 |
45.1 |
137.6 |
253.2 |
|
Disposals |
–47.8 |
–92.4 |
–32.2 |
–2.6 |
–175.0 |
|
Transfers |
43.0 |
85.4 |
32.5 |
–161.7 |
–0.8 |
|
December 31, 2006 |
1,216.5 |
2,042.8 |
718.9 |
147.4 |
4,125.6 |
|
|
|
|
|
|
|
|
Accumulated depreciation and |
|
|
|
|
|
|
impairment losses January 1, 2006 |
–511.6 |
–1,276.5 |
–481.1 |
–10.3 |
–2,279.5 |
|
Currency translation |
9.9 |
29.0 |
8.9 |
– |
47.8 |
|
Changes in companies consolidated |
– |
– |
– |
– |
– |
|
Depreciation and impairment losses |
–43.2 |
–151.4 |
–59.0 |
–0.7 |
–254.3 |
|
Disposals |
33.9 |
75.1 |
29.9 |
0.2 |
139.1 |
|
Transfers |
–0.2 |
8.1 |
–7.7 |
– |
0.2 |
|
Write-ups |
0.6 |
0.3 |
– |
– |
0.9 |
|
December 31, 2006 |
–510.6 |
–1,315.4 |
–509.0 |
–10.8 |
–2,345.8 |
|
|
|
|
|
|
|
|
Net carrying amount |
705.9 |
727.4 |
209.9 |
136.6 |
1,779.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition cost January 1, 2007 |
1,216.5 |
2,042.8 |
718.9 |
147.4 |
4,125.6 |
|
Currency translation |
–12.4 |
–9.1 |
–7.0 |
–1.5 |
–30.0 |
|
Changes in companies consolidated |
536.6 |
200.5 |
59.9 |
13.4 |
810.4 |
|
Additions |
22.1 |
46.3 |
43.2 |
171.2 |
282.8 |
|
Disposals |
–36.4 |
–52.1 |
–60.0 |
–2.1 |
–150.6 |
|
Transfers |
29.8 |
98.7 |
5.8 |
–140.9 |
–6.6 |
|
Reclassification to assets held for sale |
–1.3 |
–1.8 |
–0.6 |
–0.1 |
–3.8 |
|
December 31, 2007 |
1,754.9 |
2,325.3 |
760.2 |
187.4 |
5,027.8 |
|
|
|
|
|
|
|
|
Accumulated depreciation and |
|
|
|
|
|
|
impairment losses January 1, 2007 |
–510.6 |
–1,315.4 |
–509.0 |
–10.8 |
–2,345.8 |
|
Currency translation |
2.3 |
6.1 |
4.7 |
0.1 |
13.2 |
|
Changes in companies consolidated |
–110.8 |
–125.5 |
–46.0 |
0.2 |
–282.1 |
|
Depreciation and impairment losses |
–63.5 |
–150.8 |
–69.6 |
–3.6 |
–287.5 |
|
Disposals |
32.8 |
47.5 |
56.7 |
– |
137.0 |
|
Transfers |
0.6 |
–7.7 |
14.1 |
– |
7.0 |
|
Write-ups |
2.2 |
0.2 |
0.1 |
0.3 |
2.8 |
|
Reclassification to assets held for sale |
0.5 |
1.2 |
0.4 |
– |
2.1 |
|
December 31, 2007 |
–646.5 |
–1,544.4 |
–548.6 |
–13.8 |
–2,753.3 |
|
|
|
|
|
|
|
|
Net carrying amount |
1,108.4 |
780.9 |
211.6 |
173.6 |
2,274.5 |
The changes in the companies consolidated relate almost exclusively to the acquisition of Serono as well as the disposal of the Generics division. A detailed presentation of both transactions can be found in the sections on acquisitions and disposals/discontinued operations. As of December 31, 2007, the net carrying value of property, plant and equipment attributable to Serono amounted to €729.8 million. The disposal of the Generics division led in the same category to a decline of €212.3 million.
Impairment losses totaled €10.5 million in fiscal 2007. This includes write-offs of €3.8 million in connection with the restructuring of diabetes research in France. Likewise in the Merck Serono division, impairment losses of €3.1 million were recognized on the originally planned expansion of the production site in Corsier-sur-Vevey, Switzerland. With the decision to build a new large-scale technical facility for biotechnological products at the same location, the already capitalized advance payment was written off in full. Additional smaller impairment losses amounting to €3.6 million relate mainly to the PLS division and to a lesser extent to the Merck Serono division. The reasons are planned demolitions as well as the depreciation of plants within the scope of restructuring.
Impairment losses are recorded under other operating expenses.
Property, plant and equipment amounting to €15.9 million serve as collateral (2006: €8.5 million). Total government grants and subsidies during the fiscal year amounted to €7.1 million (2006: €7.0 million).
Property, plant and equipment also includes assets that are rented or leased. The total value of capitalized leased assets amounts to €12.2 million and the corresponding obligations amount to €9.9 million (please see Note [26] “Financial liabilities”).
Capitalized leased assets are as follows:
| [ XLS ] |
|
€ million |
Dec. 31, 2007 |
Dec. 31, 2006 |
|
Capitalized leased land |
– |
0.3 |
|
Capitalized leased buildings |
11.7 |
– |
|
Capitalized leased facilities |
– |
0.5 |
|
Capitalized leased vehicles |
0.2 |
– |
|
Capitalized leased other property, plant and equipment |
0.3 |
0.5 |
|
|
12.2 |
1.3 |
