LensCrafters 2015 Annual Report Download - page 204

Notes to the separate financial statements as of December 31, 2015 Page 24 of 77
Industrial and commercial equipment
Description Amount
Historical cost 4,256,929
Accumulated depreciation (3,684,950)
Balance at 12/31/2013 571,979
Additions 82,730
Disposals (70,081)
Reversal of accumulated depreciation
on disposals
70,081
Transfers from other categories 113,905
Depreciation expense (258,212)
Balance at 12/31/2014 510,402
Additions 300,043
Transfers from other categories 377,376
Depreciation expense (302,973)
Balance at 12/31/2015 884,848
The additions in the year mainly refer to new equipment purchases in Sedico for Euro 56,798 and in Milan for Euro
171,765.
"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 industrial and commercial equipment.
Other assets
Description Amount
Historical cost 34,053,624
Accumulated depreciation (29,351,748)
Balance at 12/31/2013 4,701,876
Additions 7,242,037
Disposals (139,078)
Reversal of accumulated depreciation
on disposals
51,009
Transfers from other categories 205,041
Depreciation expense (2,004,576)
Balance at 12/31/2014 10,056,309
Additions 8,755,029
Disposals (563,613)
Reversal of accumulated depreciation
on disposals
563,089
Transfers from other categories 8,064,559
Depreciation expense (5,346,831)
Balance at 12/31/2015 21,528,542
The additions in the year mainly consist of leasehold improvements of Euro 2,239,732 to the premises in Piazzale
Cadorna (Milan) and hardware purchases of Euro 6,052,921.
"Transfers from other categories" relate to the reclassification of "Assets under construction" reported at the end of the
previous year.