Annual Report 2017

13. Property, Plant and Equipment

in thousands of EUR

Notes

Buildings and leasehold improvements

Machinery and equipment

Furniture and vehicles

Total

At 1 January 2016

Cost

516,903

552,036

358,287

1,427,226

Accumulated depreciation and impairment

-311,280

-423,135

-261,499

-995,914

Carrying amount

205,623

128,901

96,788

431,312

Movements in 2016

Acquisitions

125

1,434

- 57

1,502

Additions

61,777

39,055

39,146

139,978

Disposals / retirements

- 2,512

- 2,444

- 2,349

- 7,305

Depreciation charge

8

- 41,673

- 39,571

- 28,825

- 110,069

Impairment

-

- 39

- 159

- 198

Reclassification

179

- 5,566

5,144

- 243

Exchange differences

- 5,989

- 3,553

- 1,615

- 11,157

At 31 December 2016

217,530

118,217

108,073

443,820

At 1 January 2017

Cost

516,478

491,483

385,332

1,393,293

Accumulated depreciation and impairment

-298,948

-373,266

-277,259

-949,473

Carrying amount

217,530

118,217

108,073

443,820

Movements in 2017

Acquisitions

6

15,353

8,412

1,054

24,819

Additions

75,872

47,281

32,072

155,225

Disposals / retirements

- 2,792

- 1,327

- 1,378

- 5,497

Depreciation charge

8

- 47,379

- 37,311

- 31,897

- 116,587

Impairment

- 468

-

-

- 468

Reclassification

- 1,052

- 2,178

3,147

- 83

Exchange differences

- 6,657

- 3,775

- 2,218

- 12,650

At 31 December 2017

250,407

129,319

108,853

488,579

Cost

586,736

501,447

397,930

1,486,113

Accumulated depreciation and impairment

- 336,329

- 372,128

- 289,077

- 997,534

Carrying amount

250,407

129,319

108,853

488,579

Leased assets where the Group is a lessee under a financial lease, are included under machinery and equipment and furniture and vehicles. The carrying amount of leased assets is €1,133 (2016: €2,046).

The impairment loss in 2017 represents the write-down of certain leasehold improvements in the Americas & Asia segment (2016: furniture and fixtures in Other Europe segment). This was recognized in the Income Statement within general and administrative costs.