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FINANCIAL STATEMENTS
6
CONSOLIDATED FINANCIAL STATEMENTS
6.2 Property, plant and equipment
In accordance with IAS 16, an asset is classified as property, plant and equipment if it is held for use in the production or supply of goods
or services, or for administrative purposes. These assets are recognised in the consolidated statement of financial position if it is likely
that the future economic benefits attributable to the asset will flow to the Group and if the cost of the asset can be measured reliably.
Property, plant and equipment are depreciated on a straight-line basis over their useful lives, as follows:
●
fixtures, fittings and facilities: 3 to 10 years;
●
vehicles: 3 to 5 years;
●
office and IT equipment: 3 to 5 years;
●
furniture: 10 years.
Property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Subsequent
expenditure is capitalised (and either included in the carrying amount of an asset or recognised as a separate component) if the IAS 16
recognition criteria are met,
i.e.
if it is probable that the future economic benefits associated with the expenditure will flow to the Group
and the expenditure can be measured reliably. Routine repair and maintenance costs are expensed in the period they are incurred.
The depreciable amount of property, plant and equipment is determined after deducting residual value if this value is deemed material.
If significant parts of an item of property plant and equipment have different useful lives and therefore different depreciation periods
they are accounted for as separate items (major components) of property, plant and equipment.
Assets acquired under finance leases which transfer substantially all the risks and rewards of ownership of the asset to the lessee are
recognised as non-current assets in the consolidated statement of financial position.
In millions of euros
Land, buildings,
and fixtures
and fittings
IT equipment
Other
Total
Gross value at 1 January 2015
18.4
53.3
9.8
81.5
Accumulated depreciation and impairment losses at 1 January 2015
(10.0)
(48.0)
(5.9)
(63.9)
Carrying amount at 1 January 2015
8.4
5.3
3.9
17.6
Additions
1.6
1.8
1.5
4.9
Effect of changes in scope of consolidation
–
0.3
0.7
1.0
Depreciation
(2.1)
(3.1)
(1.2)
(6.4)
Disposals and retirements
(0.1)
(0.1)
–
(0.2)
Currency translation differences
0.3
0.2
0.1
0.6
Other movements
0.1
0.3
(0.4)
–
Gross value at 31 December 2015
20.3
58.7
12.2
91.2
Accumulated depreciation and impairment losses at 31 December 2015
(12.1)
(54.0)
(7.6)
(73.7)
Carrying amount at 31 December 2015
8.2
4.7
4.6
17.5
Additions
2.1
2.7
1.1
5.9
Effect of changes in scope of consolidation
0.5
–
0.2
0.7
Depreciation
(2.1)
(2.7)
(1.0)
(5.8)
Disposals and retirements
(0.3)
0.2
(0.3)
(0.4)
Currency translation differences
–
(0.1)
0.1
–
Other movements
0.5
(0.5)
–
–
Gross value at 31 December 2016
23.6
56.7
12.9
93.2
Accumulated depreciation and impairment losses at 31 December 2016
(14.6)
(52.5)
(8.3)
(75.4)
Carrying amount at 31 December 2016
8.9
4.3
4.7
17.9
ASSYSTEM
REGISTRATION DOCUMENT
2016
104