22 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, 2018 |
|
104.5 |
|
43.1 |
|
77.4 |
|
225.0 |
|
Additions due to business combinations |
|
21.3 |
|
0.1 |
|
5.4 |
|
26.8 |
|
Additions |
|
22.4 |
|
3.0 |
|
66.2 |
|
91.6 |
|
Capitalized modernization costs |
|
1.6 |
|
– |
|
– |
|
1.6 |
|
Disposals |
|
-1.8 |
|
-0.2 |
|
-19.8 |
|
-21.8 |
|
Transfer from investment properties |
|
6.5 |
|
– |
|
– |
|
6.5 |
|
Transfer to investment properties |
|
-10.7 |
|
– |
|
– |
|
-10.7 |
|
Other transfers |
|
– |
|
– |
|
1.1 |
|
1.1 |
|
As of Dec. 31, 2018 |
|
143.8 |
|
46.0 |
|
130.3 |
|
320.1 |
|
Accumulated depreciation |
|
|
|
|
|
|
|
|
|
As of Jan. 1, 2018 |
|
5.0 |
|
14.8 |
|
27.6 |
|
47.4 |
|
Additions due to business combinations |
|
0.2 |
|
- |
|
3.4 |
|
3.6 |
|
Depreciation in reporting year |
|
2.2 |
|
6.0 |
|
29.5 |
|
37.7 |
|
Reversal of impairments |
|
-0.5 |
|
– |
|
– |
|
-0.5 |
|
Disposals |
|
-0.6 |
|
-0.2 |
|
-18.9 |
|
-19.7 |
|
Other transfers |
|
– |
|
– |
|
1.2 |
|
1.2 |
|
As of Dec. 31, 2018 |
|
6.3 |
|
20.6 |
|
42.8 |
|
69.7 |
|
Carrying amounts |
|
|
|
|
|
|
|
|
|
As of Dec. 31, 2018 |
|
137.5 |
|
25.4 |
|
87.5 |
|
250.4 |
|
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
|
As of Jan. 1, 2017 |
|
70.6 |
|
36.5 |
|
46.9 |
|
154.0 |
|
Additions due to business combinations |
|
– |
|
0.2 |
|
2.9 |
|
3.1 |
|
Additions |
|
40.2 |
|
7.1 |
|
39.2 |
|
86.5 |
|
Capitalized modernization costs |
|
1.1 |
|
– |
|
– |
|
1.1 |
|
Disposals |
|
-2.3 |
|
-0.7 |
|
-11.6 |
|
-14.6 |
|
Transfer from investment properties |
|
12.9 |
|
– |
|
– |
|
12.9 |
|
Transfer to investment properties |
|
-18.0 |
|
– |
|
– |
|
-18.0 |
|
As of Dec. 31, 2017 |
|
104.5 |
|
43.1 |
|
77.4 |
|
225.0 |
|
Accumulated depreciation |
|
|
|
|
|
|
|
|
|
As of Jan. 1, 2017 |
|
6.1 |
|
9.7 |
|
22.5 |
|
38.3 |
|
Additions due to business combinations |
|
– |
|
0.1 |
|
1.8 |
|
1.9 |
|
Depreciation in reporting year |
|
0.7 |
|
5.7 |
|
14.3 |
|
20.7 |
|
Impairment |
|
0.7 |
|
– |
|
– |
|
0.7 |
|
Reversal of impairments |
|
-0.6 |
|
– |
|
– |
|
-0.6 |
|
Disposals |
|
-1.9 |
|
-0.7 |
|
-11.0 |
|
-13.6 |
|
As of Dec. 31, 2017 |
|
5.0 |
|
14.8 |
|
27.6 |
|
47.4 |
|
Carrying amounts |
|
|
|
|
|
|
|
|
|
As of Dec. 31, 2017 |
|
99.5 |
|
28.3 |
|
49.8 |
|
177.6 |
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018, the item “Owner-occupied properties” includes € 63.3 million (Dec. 31, 2017: € 49.2 million) which mainly consists of production costs for the construction of the new Vonovia headquarters.
Furthermore, carrying amounts of owner-occupied properties amounting to € 35.1 million as of December 31, 2018 (Dec. 31, 2017: € 18.0 million), are encumbered with land charges in favor of various lenders.