Loreal 2011 Annual Report Download - page 161

159REGISTRATION DOCUMENT − L’ORÉAL 2011
2011 parent company Financial Statements
5
Notes to the parent company  nancial statements
Depreciation and amortisation recognised in2011 against tangible and intangible assets included:
♦a charge of €51.6million on a straight-line basis;
♦a charge of €12.7million on a declining-balance basis;
♦a charge of €2.7million relating to exceptional depreciation and amortisation.
NOTE13 Non-current assets held under finance leases
€ millions
Non-current assets held under finance leases
at 12.31.2011 Balance sheet total including non- current assets held under finance leases
Balance sheet captions
Cost on initial
recognition(1) Depreciation(2) Net book value
Gross
value
Depreciation Net book
value
Period Accumulated
Land and buildings 43.5 -1.7 -21.0 22.5 571.8 -340.1 231.7
Industrial machinery
and equipment - - - - 190.9 -161.8 29.1
Total at 12.31.2011 43.5 -1.7 -21.0 22.5 762.7 -501.9 260.8
Total at 12.31.2010 43.5 -1.7 -19.3 24.2 679.0 -477.3 201.7
Total at 12.31.2009 43.1 -1.3 -17.6 25.5 675.9 -459.2 216.7
(1) Value of the assets on the date the leases were signed.
(2) Depreciation charge for the year and accumulated depreciation that would have been recognised for these assets had they been purchased outright –
Depreciation method used: straight-line 2% to 5%.
€ millions Finance lease commitments
Balance sheet captions
Lease payments made Lease payments outstanding at year-end
Residual
purchase price
under the leasePeriod Accumulated
Less
than
1year
1 to
5years
More
than
5years Total payable
Land and buildings 4.9 62.0 5.4 19.6 2.7 27.7 1.4
Industrial machinery
and equipment - - - - - - -
Total at 12.31.2011 4.9 62.0 5.4 19.6 2.7 27.7 1.4
Total at 12.31.2010 4.8 57.1 5.3 19.7 8.0 33.0 90.1
Total at 12.31.2009 4.3 52.2 5.1 20.0 12.6 37.7 1.4
NOTE14 Financial assets
€ millions 12.31.2009 12.31.2010
Acquisitions/
Subscriptions
Disposals/
Reductions
Other
movements 12.31.2011
Investments 9,030.9 9,027.0 1.2 -1.4 20.7 9,047.5
Loans and other receivables 170.7 125.3 768.8 -368.4 -20.9 504.8
Other 8.4 3.8 0.4 -0.4 - 3.8
Gross value 9,210.0 9,156.1 770.4 -370.2 -0.2 9556.1
Investments 302.7 298.2 24.2 -7.8 - 314.6
Loans and other receivables 29.8 38.3 - -2.0 - 36.3
Other 4.7 4.7 - - - 4.7
Provision for impairment 337.2 341.2 24.2 -9.8 - 355.6
Net book value 8,872.8 8,814.9 746.2 -360.4 -0.2 9,200.5
The table detailing subsidiaries and affiliates is presented at the end of the notes to the financial statements.