Property, plant and equipment includes own tangible assets and rights of use for leased property, plant and equipment.
€ million |
30/9/2021 |
30/9/2022 |
|---|---|---|
Own tangible assets |
3,545 |
3,608 |
Right-of-use assets |
2,117 |
2,126 |
|
5,663 |
5,735 |
The inventories and developments are each presented and explained separately below.
The development of own tangible assets is shown in the following table.
€ million |
Land and buildings |
Other plant, business and office equipment |
Assets under construction |
Total |
|---|---|---|---|---|
Acquisition or production costs |
|
|
|
|
As of 1/10/2020 |
5,531 |
2,991 |
96 |
8,618 |
Currency translation |
66 |
24 |
1 |
91 |
Additions to consolidation group |
16 |
5 |
0 |
20 |
Additions |
25 |
50 |
114 |
189 |
Disposals |
−17 |
−90 |
−7 |
−114 |
Reclassifications in accordance with IFRS 5 |
−4 |
−159 |
−1 |
−164 |
Transfers |
42 |
77 |
−111 |
8 |
As of 30/9/2021 and 1/10/2021 |
5,659 |
2,897 |
94 |
8,649 |
Currency translation/hyperinflation |
575 |
192 |
8 |
775 |
Additions to consolidation group |
42 |
3 |
0 |
45 |
Additions |
27 |
69 |
184 |
281 |
Disposals |
−98 |
−287 |
−7 |
−393 |
Reclassifications in accordance with IFRS 5 |
−179 |
−1 |
0 |
−179 |
Transfers |
−128 |
101 |
−141 |
−168 |
As of 30/9/2022 |
5,899 |
2,974 |
137 |
9,010 |
Depreciation |
|
|
|
|
As of 1/10/2020 |
2,703 |
2,177 |
10 |
4,890 |
Currency translation |
24 |
14 |
0 |
39 |
Additions, scheduled |
165 |
161 |
0 |
325 |
Additions, impairment |
26 |
27 |
0 |
53 |
Disposals |
−3 |
−86 |
0 |
−90 |
Reclassifications in accordance with IFRS 5 |
−3 |
−130 |
0 |
−134 |
Reversals of impairment losses |
0 |
0 |
0 |
0 |
Transfers |
20 |
−1 |
0 |
19 |
As of 30/9/2021 and 1/10/2021 |
2,931 |
2,163 |
10 |
5,104 |
Currency translation/hyperinflation |
267 |
133 |
3 |
403 |
Additions, scheduled |
164 |
161 |
0 |
325 |
Additions, impairment |
62 |
6 |
1 |
69 |
Disposals |
−56 |
−260 |
0 |
−316 |
Reclassifications in accordance with IFRS 5 |
−47 |
0 |
0 |
−48 |
Reversals of impairment losses |
−2 |
0 |
0 |
−2 |
Transfers |
−131 |
−2 |
−1 |
−134 |
As of 30/9/2022 |
3,188 |
2,200 |
13 |
5,402 |
Carrying amount as of 1/10/2020 |
2,828 |
814 |
86 |
3,728 |
Carrying amount as of 30/9/2021 |
2,728 |
734 |
84 |
3,545 |
Carrying amount as of 30/9/2022 |
2,711 |
774 |
124 |
3,608 |
In addition to the currency translation of the financial statements of foreign operations, the item currency translation/hyperinflation shows the effects of the first-time adoption of IAS 29 as well as the adjustment to the purchasing power ratios of the Turkish lira in the current financial year. The effects from the first-time adoption of IAS 29, which were recognised in the currency translation differences from translating the financial statements of foreign operations at the transition date of 1 October 2021, resulted in assets increasing by €10 million.
The increase in owned property, plant and equipment in the amount of €63 million results mainly from currency translation in the amount of €299 million. It is mainly caused by the exchange rate development of the Russian rouble. This was offset by reclassifications of property, plant and equipment to assets held for sale in the amount of €132 million, which mainly relate to the real estate portfolio in Japan. Furthermore, disposals, mainly due to the disposal of the operational business in Belgium, reduce property, plant and equipment in the amount of €77 million.
Restrictions on titles in the form of liens and encumbrances for items of property, plant and equipment amounted to €0 million (30/9/2021: €9 million).
Contractual commitments were recorded for items of property, plant and equipment in the amount of €50 million (30/9/2021: €40 million).
The development of right-of-use assets of leased property, plant and equipment is shown in the following table.
€ million |
Land and buildings |
Vehicles |
Others |
Total |
|---|---|---|---|---|
Net carrying amount |
|
|
|
|
As of 1/10/2020 |
1,947 |
103 |
34 |
2,084 |
Additions |
315 |
48 |
13 |
377 |
Depreciation |
−241 |
−46 |
−11 |
−297 |
Impairment |
−11 |
−1 |
−1 |
−13 |
Reclassifications and net change in consolidation group |
7 |
4 |
−5 |
6 |
Disposals, currency translation and reversals of impairment losses |
−31 |
−7 |
−2 |
−40 |
As of 30/9/2021 / 1/10/2021 |
1,988 |
101 |
28 |
2,117 |
Additions |
286 |
57 |
15 |
359 |
Depreciation |
−248 |
−49 |
−11 |
−309 |
Impairment |
−7 |
0 |
0 |
−7 |
Reclassifications and net change in consolidation group |
−21 |
−1 |
0 |
−22 |
Disposals, currency translation/hyperinflation and reversals of impairment losses |
−6 |
−5 |
−1 |
−12 |
As of 30/9/2022 |
1,992 |
103 |
31 |
2,126 |
In addition to the currency translation of the financial statements of foreign operations, the line ‘currency translation/hyperinflation’ shows the effects of the first-time adoption of IAS 29 as well as the adjustment to the purchasing power ratios of the Turkish lira in the current financial year. The effects from the first-time adoption of IAS 29, which were recognised in the currency translation differences from translating the financial statements of foreign operations at the transition date of 1 October 2021, resulted in assets increasing by €11 million.
The €9 million increase in rights-of-use assets is largely due to investments of €359 million in rights-of-use. They relate primarily to lease indexations and contract extensions. Depreciation and amortisation of €309 million and disposals of €38 million had an offsetting effect.
- Impairment disclosures are provided in no. 15 – depreciation/amortisation/impairment losses.
- Information on leases is provided in no. 47 – leases.