Unilever 2005 Annual Report Download - page 104

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Financial Statements
Unilever Annual Report and Accounts 2005 101
11 Property, plant and equipment (continued)
€ million € million € million
Land and Plant and
Movements during 2004 buildings equipment Total
Gross
1 January 2004 3 274 10 418 13 692
Acquisitions of group companies 224
Disposals of group companies (25) (109) (134)
Additions 151 852 1 003
Disposals (244) (754) (998)
Currency retranslation (74) (212) (286)
Other adjustments (16) 16 –
31 December 2004 3 068 10 213 13 281
Depreciation and impairment
1 January 2004 (1 094) (6 041) (7 135)
Disposals of group companies 13 70 83
Depreciation charge for the year(c) (80) (675) (755)
Disposals 139 651 790
Impairment losses(b) (53) (219) (272)
Reversal of impairment losses 52833
Currency retranslation 26 130 156
Other adjustments (32) 32 –
31 December 2004 (1 076) (6 024) (7 100)
Net book value 31 December 2004 1 992 4 189 6 181
Includes payments on account and assets in course of construction 51 435 486
(b) As defined on page 100.
(c) Includes €(5) million relating to discontinued operations.
Included in the above is property, plant and equipment under a number of finance lease agreements, for which the book values are as follows:
€ million € million € million
Plant and
Net book value Buildings equipment Total
Gross book value 68 354 422
Depreciation and impairment (18) (202) (220)
31 December 2005 50 152 202
Gross book value 63 327 390
Depreciation and impairment (24) (166) (190)
31 December 2004 39 161 200
At 31 December 2004, property, plant and equipment with a book value of €108 million was pledged as security for certain of the Group’s
borrowings. No such arrangements existed at 31 December 2005.
Notes to the consolidated accounts
Unilever Group