Unilever 2011 Annual Report Download - page 89

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86
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS UNILEVER GROUP continued
10. Property, plant and equipment
Property, plant and equipment is measured at cost including eligible borrowing costs less depreciation and accumulated
impairment losses.
Depreciation is provided on a straight-line basis over the expected average useful lives of the assets. Residual values are reviewed
at least annually. Estimated useful lives by major class of assets are as follows:
• Freehold buildings (no depreciation on freehold land) 40 years
Leasehold land and buildings 40 years*
Plant and equipment 2-20 years
or life of lease if less
•
•
*
Property, plant and equipment is subject to review for impairment if triggering events or circumstances indicate that this is
necessary. If an indication of impairment exists, the asset or cash generating unit recoverable amount is estimated and any
impairment loss is charged to the income statement as it arises.
Movements during 2011
€ million
Land and
buildings
€ million
Plant and
equipment
€ million
Total
Cost
1 January 2011 3,582 11,836 15,418
Acquisitions 76 107 183
Disposals of group companies (36) (86) (122)
Additions 346 1,502 1,848
Disposals (88) (603) (691)
Currency retranslation (51) (177) (228)
Reclassification as held for sale 26 51 77
Other adjustments 20 (38) (18)
31 December 2011 3,875 12,592 16,467
Depreciation
1 January 2011 (1,209) (6,355) (7,564)
Disposals of group companies 12 38 50
Depreciation charge for the year (96) (742) (838)
Disposals 69 515 584
Currency retranslation 1 82 83
Reclassification as held for sale (13) (6) (19)
Other adjustments (1) 12 11
31 December 2011 (1,237) (6,456) (7,693)
Net book value 31 December 2011 2,638 6,136 8,774(a)
Includes payments on account and assets in course of construction 242 1,169 1,411
Movements during 2010
Cost
1 January 2010 3,237 10,408 13,645
Acquisitions 46 28 74
Disposals of group companies (18) (142) (160)
Additions 215 1,486 1,701
Disposals (65) (496) (561)
Currency retranslation 224 671 895
Reclassification as held for sale (40) (105) (145)
Other adjustments (17) (14) (31)
31 December 2010 3,582 11,836 15,418
Depreciation
1 January 2010 (1,089) (5,912) (7,001)
Disposals of group companies 7 85 92
Depreciation charge for the year (119) (700) (819)
Disposals 51 436 487
Currency retranslation (65) (358) (423)
Reclassification as held for sale 14 56 70
Other adjustments (8) 38 30
31 December 2010 (1,209) (6,355) (7,564)
Net book value 31 December 2010 2,373 5,481 7,854(a)
Includes payments on account and assets in course of construction 153 997 1,150
(a) Includes €272 million (2010: €211 million) of freehold land.
Unilever Annual Report and Accounts 2011
Financial statements