267
“Buildings”, with a balance of Euro 13,124 thousand, report an
increase of Euro 13,093 thousand after taking over a finance
lease on a building in Milan that hosts the research and
development department. This lease agreement will expire on
27 January 2027 and contains a purchase option. The building
under finance lease reports a net book value of Euro 13,026
thousand at 31 December 2013. The difference compared with
the total net book value of “Buildings” refers to expenditure
on rented properties.
“Plant and machinery” (Euro 948 thousand) and “Equipment”
(Euro 425 thousand) mostly refer to instrumentation used for
Research and Development activities.
“Other assets” (Euro 1,504 thousand) comprise Euro 1,359
thousand in office furniture and equipment and Euro 145
thousand in motor and other vehicles.
“Assets under construction and advances” (Euro 1,948
thousand) mostly refer to plant and machinery that will be
used for Research and Development and which are expected
to become available for use in the next year.
No borrowing costs were capitalised during the year.
(in thousands of Euro)
Buildings
Plant and Equipment
Other assets
Assets under
Total
machinery
construction and
advances
Balance at 31 December 2011
198
1,298
405
806
790
3,497
Movements in 2012:
- Investments
-
411
208
356
908
1,883
- Disposals
-
(461)
(162)
-
-
(623)
- Reclassifications
-
134
124
552
(456)
354
- Depreciation
(50)
(318)
(250)
(251)
-
(869)
Total movements
(50)
(234)
(80)
657
452
745
Balance at 31 December 2012
148
1,064
325
1,463
1,242
4,242
Of which:
- Historical cost
420
5,272
1,270
3,086
1,242
11,290
- Accumulated depreciation and impairment
(272)
(4,208)
(945)
(1,623)
-
(7,048)
Net book value
148
1,064
325
1,463
1,242
4,242
(in thousands of Euro)
Buildings
Plant and Equipment
Other assets
Assets under
Total
machinery
construction and
advances
Balance at 31 December 2012
148
1,064
325
1,463
1,242
4,242
Movements in 2013:
- Investments
13,093
80
-
60
1,123
14,356
- Disposals
-
(28)
-
-
-
(28)
- Reclassifications
-
11
248
378
(417)
220
- Depreciation
(117)
(179)
(148)
(397)
-
(841)
Total movements
12,976
(116)
100
41
706
13,707
Balance at 31 December 2013
13,124
948
425
1,504
1,948
17,949
Of which:
- Historical cost
13,513
5,335
1,511
3,457
1,948
25,764
- Accumulated depreciation and impairment (389)
(4,387)
(1,086)
(1,953)
-
(7,815)
Net book value
13,124
948
425
1,504
1,948
17,949
Details of these balances and related movements are as follows:
1.
PROPERTY, PLANT AND EQUIPMENT
