The Group has reflected the entire amount agreed upon as the transaction’s price in the “Rights of use” item. In order to correctly accrue this
price, the result of spreading out the cost over the thirty year term of the agreement is assigned to the consolidated comprehensive profit and
loss statement in accordance with an increasing instalment with a percentage annual growth of 4%. Additionally, the outstanding short- and long-
term amounts, which stood at €1.49 million and €1.49 million respectively at 31 December 2012 (€1.49 million and €2.99 million at 31 December
2011),
are reflected in the “Other current liabilities” and “Other non-current liabilities” (see Notes 25 and 18) items of the attached consolidated
balance sheet.
7.2
Rental agreement premiums
There were no significant movements in 2012.
7.3
Software applications
The most significant inclusions in 2012 came about in Spain as a result of the investments made in the development of computer and financial
applications.
8.
TANGIBLE FIXED ASSETS
The breakdown and movements under this heading during 2012 and 2011 were as follows (€ thousands):
Balance
at
31.12.10
Change in the
scope of
consolidation
Currency
translation
differences
Additions Retirements Assignments
(
Note 9)
Balance
at
31.12.11
Currency
translation
differences
Additions Retirements Assignments
(
Note 9)
Balance
at
31.12.12
COST
Land and buildings
2,021,954
(116,404)
(5,939)
240,998 (184,303)
-
1,956,306
(4,494)
7,807
(1,131)
1,499
1,959,987
Plant and machinery
793,885
(7,805)
(1,741)
23,982
(18,592)
-
789,729
(1,731)
13,894
(6,462)
2,603
798,038
Other facilities, tools
and furniture
509,393
(3,557)
(1,746)
18,611
(11,443)
11,344
522,602
(1,791)
12,169
(10,691)
1,421
523,710
Other fixed assets
14,357
-
(20)
1,197
(1,500)
(11,344)
2,690
(5)
43
(1,071)
-
1,657
Fixed assets in
progress
30,941
-
(562)
9,381
(6,907)
-
32,853
(334)
865
(1,363)
(5,523)
26,498
3,370,530 (127,766)
(10,008)
294,169 (222,745)
-
3,304,180 (8,355)
34,778 (20,718)
-
3,309,885
CUMULATIVE DEPRECIATION
Buildings
(295,819)
33,513
2,083
(31,617)
14,648
6,722
(270,470)
1,577
(27,604)
325
(344)
(296,516)
Plant and machinery
(414,682)
1,679
1,025
(39,771)
13,533
(27,293)
(465,509)
1,153
(36,966)
5,159
5
(496,158)
Other facilities, tools
and furniture
(393,236)
2,823
906
(33,508)
6,747
11,528
(404,740)
925
(30,796)
8,584
(5)
(426,032)
Other fixed assets
(11,760)
-
207
(914)
273
9,043
(3,151)
15
(167)
947
344
(2,012)
(1,115,497)
38,015
4,221 (105,810)
35,201
-
(1,143,870)
3,670 (95,533)
15,015
-
(1,220,718)
Provisions
(55,726)
5,201
-
(15,626)
14,653
-
(51,498)
(107)
(169,639)
1,260
-
(219,984)
NET BOOK
VALUE
2,199,307
2,108,812
1,869,183
The “Translation differences” column reflects the effect of changes in the exchange rate used in the conversion of the different tangible fixed asset items.
The most significant movements under this heading during 2012 and 2011 were as follows:
i) The most significant additions to this heading during 2012 and 2011, broken down by business units, were as follows:
€ Thousand
2012
2011
Italy
13,010
12,284
Germany
9,447
243,756
Spain
7,387
14,159
Benelux
2,717
14,649
Latin America
1,214
7,942
Rest of Europe
1,003
1,379
34,778
294,169
80
REPORT ON THE CONSOLIDATED
FINANCIAL STATEMENTS
