LensCrafters 2013 Annual Report Download - page 191

Footnotes to the statutory financial statements as of December 31, 2013 Page 24 of 71
"Other transfers" relate to the reversal of "Construction in progress" reported at the end of the previous year following
completion of work on buildings.
Machinery and equipment
Description Amount
Historical cost 16,668
Accumulated depreciation (16,668)
Balance at 12/31/2011 -
Additions in year 1,325,989
Additions from demerger 8,185,748
Disposals in year (15,648)
Other transfers 1,265,408
Depreciation expense (1,465,392)
Balance at 12/31/2012 9,296,105
Additions in year 1.176.394
Decrease (176.795)
Reversal accumulated depreciation for disposals in year 156.359
Transfer 873.404
Depreciation expense (1.521.531)
Balance at 12/31/2013 9.803.936
The increases in "Plant and machinery" are due to investments in new plant and machinery and
alterations/improvements to existing plant and machinery, allowing the Company to maintain high qualitative and
technological standards.
The additions in the year are mainly attributable to:
- construction of new general installations for Euro 780,197;
- improvements to existing general installations for Euro 70,629;
- improvements to existing specific installations for Euro 20,739;
- fitting new telephone systems for Euro 43,625;
- purchase of new machinery for Euro 258,516.
"Other transfers" relate to the reversal of "Construction in progress" reported at the end of the previous year following
completion of work on plant and machinery.
All the additions in the year refer to the purchase of new equipment.
"Other transfers" relate to the reversal of "Construction in progress" reported at the end of the previous year
following completion of work on industrial and commercial equipment.