LensCrafters 2013 Annual Report Download - page 190

Footnotes to the statutory financial statements as of December 31, 2013 Page 23 of 71
NON CURRENT ASSETS
10. PROPERTY, PLANT AND EQUIPMENT
Description Balance at
12/31/2012
Increases
in year
Decreases
in year
Transfers in
year
Amortization
expense
Balance at
12/31/2013
Plant 66,727,971 248,327 85,907 (2,598,939) 64,463,266
Machinery and equipment 9,296,105 1,176,394 (20,436) 873,404 (1,521,531) 9,803,936
Industrial and commercial
equipment
563,904 214,872 (7,543) (199,254) 571,979
Other 4,731,385 1,564,505 (3,426) 115,164 (1,705,752) 4,701,876
Construction in progress and
advances
3,534,367 3,142,426 (1,058,939) 5,617,854
Totale 84,853,732 6,346,524 (23,862) 7,993 (6,025,476) 85,158,911
"Property, plant and equipment" as of December 31, 2013 is comprised of the following:
Plants
Description Amount
Historical cost 22,289,911
Accumulated depreciation (21,985)
Balance at 12/31/2011 22,267,926
Additions in year 1,225,582
Additions from demerger 44,027,366
Transfer 1,774,821
Depreciation expense (2,567,724)
Balance at 12/31/2012 66,727,971
Additions in year 248,327
Disposals in year -
Reversal accumulated depreciation for disposals in year
-
Transfer 85,907
Depreciation expense (2,598,939)
Balance at 12/31/2013 64,463,266
The additions in the year are attributable to:
- alterations and improvements to the Sedico Logistics hub's industrial building for Euro 156,291;
- alterations and improvements to the Milan offices for Euro 92,036.
Balance at 12/31/201
3
Balance at 12/31/201
2
85,158
,911
84,853,732