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FINANCIAL AND ACCOUNTING INFORMATION
1. 2016 Consolidated Financial Statements
233
SAINT-GOBAIN
- REGISTRATION DOCUMENT 2016
Changes in property, plant and equipment in 2016 and 2015 are analyzed below:
(in € millions)
Land and quarries
Buildings
equipment
Machinery and
construction
Assets under
Total
At January 1, 2015
Gross value
2,476
8,806
21,413
1,114
33,809
Accumulated depreciation and impairment
(490)
(5,050)
(15,561)
(51)
(21,152)
NET
1,986
3,756
5,852
1,063
12,657
Movements during the year
Acquisitions
27
69
273
977
1,346
Disposals
(21)
(26)
(17)
(14)
(78)
Translation adjustments
32
24
(1)
4
59
Depreciation and impairment
(42)
(316)
(1,021)
(1)
(1,380)
Transfers
261
649
(910)
0
Changes in Packaging Sector
(1)
(4)
56
(29)
22
Changes in Group structure and other
(21)
(175)
(762)
(81)
(1,039)
TOTAL MOVEMENTS
(26)
(167)
(823)
(54)
(1,070)
At December 31, 2015
Gross value
2,493
8,500
19,549
1,064
31,606
Accumulated depreciation and impairment
(533)
(4,911)
(14,520)
(55)
(20,019)
NET
1,960
3,589
5,029
1,009
11,587
Movements during the year
Acquisitions
50
63
329
928
1,370
Disposals
(41)
(18)
(19)
(7)
(85)
Translation adjustments
(7)
(7)
30
(3)
13
Depreciation and impairment
(35)
(264)
(958)
(2)
(1,259)
Transfers
199
709
(908)
0
Changes in Group structure and other
23
(23)
28
0
28
TOTAL MOVEMENTS
(10)
(50)
119
8
67
At December 31, 2016
Gross value
2,510
8,607
19,744
1,067
31,928
Accumulated depreciation and impairment
(560)
(5,068)
(14,596)
(50)
(20,274)
NET
1,950
3,539
5,148
1,017
11,654
Finance leases and operating leases
5.4
and equipment). They are recorded at the inception of the
Assets held under finance leases that transfer to the Group
substantially all of the risks and rewards of ownership are
recognized as property, plant and equipment (land, buildings
lease term at the lower of the fair value of the leased assets
and the present value of the minimum lease payments.
Property, plant and equipment acquired under finance leases
are depreciated on a straight-line basis over the shorter of the
estimated useful life of the asset - determined using the same
criteria as for assets owned by the Group - or the lease term.
The corresponding liability is shown in the balance sheet net
of related interest.
Rental payments under operating leases are expensed as
incurred.
finance leases are not included in the cash flow statement, in
accordance with IAS 7. At December 31, 2016, total property,
plant and equipment acquired under finance leases amounted
to €71 million (€67 million at December 31, 2015).
In 2016, other movements in property, plant and equipment
included assets acquired under finance leases for an amount
of €21 million (€17 million at December 31, 2015). These