Chrysler 2011 Annual Report Download - page 290

289
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2011
10. Property, plant and equipment
At 31 December 2011, property, plant and equipment totaled €31,180 thousand and underwent the following changes during the year:
(€ thousand)
31 December
2010 Additions Depreciation
(Decreases) and
Other changes
31 December
2011
Land and buildings
- Gross carrying amount 46,082 758 - 686 47,526
- Accumulated depreciation (18,229) - (1,381) - (19,610)
- Net carrying amount 27,853 758 (1,381) 686 27,916
Plant and machinery
- Gross carrying amount 10,475 569 - - 11,044
- Accumulated depreciation (10,105) - (73) - (10,178)
- Net carrying amount 370 569 (73) - 866
Other tangible assets
- Gross carrying amount 5,165 255 - (43) 5,377
- Accumulated depreciation (2,688) - (334) 43 (2,979)
- Net carrying amount 2,477 255 (334) - 2,398
Assets under development and advances 686 - - (686) -
Total property, plant and equipment
- Gross carrying amount 62,408 1,582 - (43) 63,947
- Accumulated depreciation (31,022) - (1,788) 43 (32,767)
- Net carrying amount 31,386 1,582 (1,788) - 31,180
Land and buildings include land for €610 thousand (unchanged with respect to the previous year), while buildings mainly comprise the Company’s
headquarters at 250 Via Nizza, Turin.
Plant and equipment primarily related to standard plant and equipment for buildings.
Other tangible assets comprised cars, office furniture and fixtures.
At 31 December 2011, there were no assets under development or contractual commitments to purchase items of property, plant and equipment of a
significant amount. At 31 December 2010, assets under development and advances related to expenses recognized for renovation of the Centro Storico
Fiat (20 Via Chiabrera, Turin).
No buildings were subject to liens, pledged as collateral or restricted in use.
Depreciation of property, plant and equipment is recognized in the income statement under other operating costs (Note 6).