Navigation aid

DES - Online Annual Report 2008

My Annual Report

Store page
My Annual Report

2. Property, plant and equipment

in € thousands Property, advance
payments
and assets under
construction
Other equipment,
operating and office
equipment
Total
2007
Costs as of 1 January 155,500 75 155,575
Currency differences 8,034 0 8,034
Additions 130,775 8 130,783
Disposals 0 0 0
Reclassifications -149,742 0 -149,742
as of 31 December 144,567 83 144,650
       
Depreciation as of 1 January -230 -55 -285
Currency differences 0 0 0
Additions 0 -12 -12
Reversals of impairment losses 0 0 0
Disposals 0 0 0
as of 31 December -230 -67 -297
       
Carrying amount 1 January 155,270 20 155,290
Carrying amount 31 December 144,337 16 144,353

in € thousands Property, advance
payments
and assets under
construction
Other equipment,
operating and office
equipment
Total
2008
Costs as of 1 January 144,567 83 144,650
Currency differences   0 0
Additions 87,089 32 87,121
Disposals 0 0 0
Reclassifications -210,269 0 -210,269
as of 31 December 21,387 115 21,502
       
Depreciation as of 1 January -230 -67 -297
Currency differences 0 0 0
Additions 0 -6 -6
Reversals of impairment losses 0 0 0
Disposals 0 0 0
as of 31 December -230 -73 -303
       
Carrying amount 1 January 144,337 16 144,353
Carrying amount 31 December 21,157 42 21,199

The additions to the Property, advance payments and assets under construction item firstly concern the expansion measures in Dresden. In addition, further payments were made for the two centers in Hameln and Passau, which opened in 2008. On the balance sheet date, costs of €210.3 million relating to these two properties were reclassified to Investment properties.

The carrying amount as of the balance sheet date includes interest capitalised in the financial year amounting to €181 thousand which was incurred during construction. The capitalisation rate is 5.6%.

Continue reading: Investment properties

Back to: Intangible assets