LensCrafters 2015 Annual Report Download - page 202

Notes to the separate financial statements as of December 31, 2015 Page 22 of 77
NON-CURRENT ASSETS
10. PROPERTY, PLANT AND EQUIPMENT
Balance at 12/31/2015 Balance at 12/31/2014
96,428,265 92,595,573
Description Balance at
12/31/2014
Increases Decreases Transfers
from (to) other
categories
Depreciation
expense
Balance at
12/31/2015
Buildings 61,958,511 324,197 (36,924) 58,934 (2,609,923) 59,694,795
Plant and machinery 10,805,537 211,634 (108,616) 1,194,394 (1,817,479) 10,285,470
Industrial and
commercial equipment
510,402 300,043 - 377,376 (302,973) 884,848
Other assets 10,056,309
8,755,029 (524) 8,064,559 (5,346,831) 21,528,542
Assets under
construction and
advances
9,264,814 3,462,392 - (8,692,596) - 4,034,610
Total 92,595,573 13,053,295 (146,064) 1,002,667 (10,077,206) 96,428,265
Among the transfers from other categories, Euro 1,002,667 refers to a reclassification from Intangible assets, of which
Euro 915,413 has been reclassified to hardware.
The constituent parts of "Property, plant and equipment" at December 31, 2015 are analyzed in the following tables.
Buildings
Description Amount
Historical cost 86,752,488
Accumulated depreciation (22,289,222)
Balance at 12/31/2013 64,463,266
Additions 36,156
Transfers from other categories 65,003
Depreciation expense (2,605,914)
Balance at 12/31/2014 61,958,511
Additions 324,197
Disposals (58,525)
Reversal of accumulated depreciation
on disposals
21,602
Transfers from other categories 58,933
Depreciation expense (2,609,923)
Balance at 12/31/2015 59,694,795
The additions in the year are entirely attributable to alterations and improvements to the Sedico Logistics hub's
industrial premises.
"Transfers from other categories" relate to the reclassification of "Assets under construction" reported at the end of the
previous year following completion of work on the Sedico premises.