Property, plant and equipment

 
 
land and buildings
machinery and installations
other equipment
prepayments and construction in progress
total
 
 
 
 
 
 
Balance as of January 1, 2013:
 
 
 
 
 
Cost
1,924
4,004
1,658
294
7,880
Accumulated depreciation
(835)
(2,851)
(1,235)
(4,921)
Book value
1,089
1,153
423
294
2,959
Change in book value:
 
 
 
 
 
Capital expenditures
8
88
61
461
618
Assets available for use
79
244
160
(483)
Acquisitions
Disposals and sales
(1)
(14)
(7)
(4)
(26)
Depreciation
(87)
(321)
(163)
(571)
Impairments
(15)
(26)
(22)
(63)
Transfer to assets classified as held for sale
(17)
(4)
(4)
(25)
Translation differences
(29)
(57)
(17)
(9)
(112)
Total changes
(62)
(90)
8
(35)
(179)
Balance as of December 31, 2013:
 
 
 
 
 
Cost
1,899
3,948
1,586
259
7,692
Accumulated depreciation
(872)
(2,885)
(1,155)
(4,912)
Book value
1,027
1,063
431
259
2,780

 
 
land and buildings
machinery and installations
other equipment
prepayments and construction in progress
total
 
 
 
 
 
 
Balance as of January 1, 2012:
 
 
 
 
 
Cost
1,981
3,914
1,552
365
7,812
Accumulated depreciation
(895)
(2,762)
(1,141)
(4,798)
Book value
1,086
1,152
411
365
3,014
Change in book value:
 
 
 
 
 
Capital expenditures
95
114
98
497
804
Assets available for use
125
312
116
(553)
Acquisitions
1
4
12
17
Disposals and sales
(64)
(8)
(10)
(10)
(92)
Depreciation
(77)
(358)
(188)
(623)
Impairments
(13)
(33)
(12)
(1)
(59)
Transfer to assets classified as held for sale
(23)
(2)
(1)
1
(25)
Reclassifications
(29)
(29)
Translation differences
(12)
(28)
(3)
(5)
(48)
Total changes
3
1
12
(71)
(55)
Balance as of December 31, 2012:
 
 
 
 
 
Cost
1,924
4,004
1,658
294
7,880
Accumulated depreciation
(835)
(2,851)
(1,235)
(4,921)
Book value
1,089
1,153
423
294
2,959

Land with a book value of EUR 133 million at December 31, 2013 (2012: EUR 152 million) is not depreciated.

Property, plant and equipment includes lease assets with a book value of EUR 187 million at December 31, 2013 (2012: EUR 248 million).

The expected useful lives of property, plant and equipment are as follows:

 
Buildings
from 5 to 50 years
Machinery and installations
from 3 to 20 years
Other equipment
from 1 to 10 years

(0)
(0)
This is an interactive electronic version of the Philips Annual Report 2013 and also contains certain information in summarized form. The contents of this version are qualified in their entirety by reference to the printed version of the full Philips Annual Report 2013. This printed version is available as a PDF file on this website. Information about: forward-looking statements, third-party market share data, fair value information, IFRS basis of presentation, use of non-GAAP information, statutory financial statements and management report, reclassifications and analysis of 2013 compared to 2012.