20 Property, Plant and Equipment

in € million

 

Owner-occupied properties

 

Technical equipment, plant and machinery

 

Other equipment, fixtures, furniture and office equipment

 

Total

 

 

 

 

 

 

 

 

 

Cost

 

 

 

 

 

 

 

 

As of Jan. 1, 2016

 

50.1

 

19.4

 

41.4

 

110.9

Additions due to business combinations

 

 

 

0.7

 

0.7

Additions

 

9.1

 

19.6

 

20.5

 

49.2

Capitalized modernization costs

 

1.3

 

 

 

1.3

Disposals

 

-2.9

 

-2.5

 

-15.7

 

-21.1

Transfer from investment properties

 

27.1

 

 

 

27.1

Transfer to investment properties

 

-14.1

 

 

 

-14.1

As of Dec. 31, 2016

 

70.6

 

36.5

 

46.9

 

154.0

Accumulated depreciation

 

 

 

 

 

 

 

 

As of Jan. 1, 2016

 

5.6

 

8.2

 

26.4

 

40.2

Additions due to business combinations

 

 

 

0.4

 

0.4

Depreciation in reporting year

 

0.5

 

3.6

 

10.5

 

14.6

Impairment

 

4.2

 

 

 

4.2

Reversal of impairments

 

-2.1

 

 

 

-2.1

Disposals

 

-2.1

 

-2.1

 

-14.8

 

-19.0

As of Dec. 31, 2016

 

6.1

 

9.7

 

22.5

 

38.3

Carrying amounts

 

 

 

 

 

 

 

 

As of Dec. 31, 2016

 

64.5

 

26.8

 

24.4

 

115.7

 

 

 

 

 

 

 

 

 

Cost

 

 

 

 

 

 

 

 

As of Jan. 1, 2015

 

17.7

 

6.8

 

23.0

 

47.5

Additions due to business combinations

 

28.9

 

5.3

 

10.7

 

44.9

Additions

 

0.3

 

7.3

 

9.0

 

16.6

Capitalized modernization costs

 

0.2

 

 

 

0.2

Disposals

 

-0.3

 

 

-1.3

 

-1.6

Transfer from investment properties

 

4.0

 

 

 

4.0

Transfer to investment properties

 

-0.7

 

 

 

-0.7

As of Dec. 31, 2015

 

50.1

 

19.4

 

41.4

 

110.9

Accumulated depreciation

 

 

 

 

 

 

 

 

As of Jan. 1, 2015

 

1.6

 

2.3

 

14.6

 

18.5

Additions due to business combinations

 

1.1

 

4.1

 

6.7

 

11.9

Depreciation in reporting year

 

0.5

 

1.8

 

6.0

 

8.3

Impairment

 

2.6

 

 

 

2.6

Reversal of impairments

 

-0.2

 

 

 

-0.2

Disposals

 

0.0

 

 

-0.9

 

-0.9

As of Dec. 31, 2015

 

5.6

 

8.2

 

26.4

 

40.2

Carrying amounts

 

 

 

 

 

 

 

 

As of Dec. 31, 2015

 

44.5

 

11.2

 

15.0

 

70.7

As of December 31, 2016, the “owner-occupied properties” item includes € 9.1 million in construction costs for the construction of the new Vonovia headquarters.

Furthermore, carrying amounts of owner-occupied properties amounting to € 36.8 million as of December 31, 2016 (Dec. 31, 2015: € 26.0 million) are encumbered with land charges in favor of various lenders.