24 Property, plant and equipment

Million CHF

Land

Buildings, installations

Machines

Furniture, vehicles, tools

Construction in progress

Total

2014

 

 

 

 

 

 

Net book value as at January 1

4,341

4,692

7,588

958

2,451

20,029

Change in structure

2

0

(2)

(2)

0

(2)

Reclassification from assets classified as held for sale

59

143

59

5

0

266

Additions

32

42

68

18

1,842

2,002

Disposals

(44)

(1)

(14)

(24)

(2)

(86)

Reclassifications

111

480

909

167

(1,667)

0

Depreciation

(109)

(290)

(754)

(191)

0

(1,344)

Impairment loss (charged to statement of income)

(3)

(4)

(6)

0

(5)

(19)

Currency translation effects

216

88

191

17

52

563

Net book value as at December 31

4,605

5,149

8,040

947

2,670

21,410

 

 

 

 

 

 

 

At cost of acquisition

6,066

9,436

18,092

3,102

2,749

39,445

Accumulated depreciation/impairment

(1,461)

(4,288)

(10,052)

(2,155)

(79)

(18,034)

Net book value as at December 31

4,605

5,149

8,040

947

2,670

21,410

Net asset value of leased property, plant and equipment

0

44

29

45

0

117

Of which pledged/restricted

 

 

 

 

 

3

 

 

 

 

 

 

 

2013

 

 

 

 

 

 

Net book value as at January 1

4,834

5,377

8,635

1,131

1,815

21,791

Change in structure

(100)

(104)

(163)

(26)

(48)

(442)

Reclassification to assets classified as held for sale

(77)

(226)

(132)

(17)

(12)

(464)

Additions

29

10

44

17

2,147

2,247

Disposals

(55)

(19)

(23)

(17)

(2)

(115)

Reclassifications

69

285

595

185

(1,127)

6

Depreciation

(108)

(304)

(793)

(216)

0

(1,420)

Impairment loss (charged to statement of income)

(3)

(16)

(11)

0

(10)

(40)

Currency translation effects

(249)

(310)

(563)

(100)

(311)

(1,533)

Net book value as at December 31

4,341

4,692

7,588

958

2,451

20,029

 

 

 

 

 

 

 

At cost of acquisition

5,522

8,299

16,879

3,022

2,543

36,265

Accumulated depreciation/impairment

(1,181)

(3,607)

(9,291)

(2,065)

(92)

(16,236)

Net book value as at December 31

4,341

4,692

7,588

958

2,451

20,029

Net asset value of leased property, plant and equipment

0

44

34

51

0

128

Of which pledged/restricted

 

 

 

 

 

19

At December 31, 2014, the fire insurance value of property, plant and equipment amounted to CHF 32,892 million (2013: 30,942). Net gains on sale of property, plant and equipment amounted to CHF 123 million (2013: 90).

In 2014, the impairment loss related mainly to Group region Europe (CHF 7 million), Group region North America (CHF 5 million) and Group region Latin America (CHF 5 million).

In 2013, the impairment loss related mainly to Group region Europe (CHF 11 million in the United Kingdom) and Group region Africa Middle East (CHF 10 million).

In both years, the impairment losses were a consequence of the decrease in demand for construction material in the respective regions and were largely included in production cost of goods sold in the statement of income.

Included in land, buildings and installations is investment property with a net book value of CHF 71 million (2013: 69). The fair value of this investment property amounted to CHF 107 million (2013: 107). Rental income related to investment property amounted to CHF 2 million (2013: 2).