23. Property, Plant and Equipment

Development of Property, Plant and Equipment

in € thousand

 

Land and buildings

 

Technical equipment and machinery

 

Other plant, operating and office equipment

 

Payments on account and plants under construction

 

Total

Carrying amount as of 1 January 2016

 

424,419

 

250,169

 

196,298

 

76,177

 

947,063

Acquisition or production cost

 

 

 

 

 

 

 

 

 

 

1 January 2016

 

764,731

 

753,841

 

485,251

 

76,177

 

2,080,000

Additions

 

18,417

 

5,552

 

23,490

 

87,856

 

135,315

Disposals

 

- 30,416

 

- 4,418

 

- 11,519

 

- 24,881

 

- 71,234

Reclassifications

 

15,932

 

4,544

 

1,534

 

- 22,010

 

0

Changes in scope of consolidation/consolidation method

 

1,026

 

680

 

99

 

 

 

1,805

Effects of changes in exchange rates

 

- 2,052

 

- 1,913

 

- 154

 

- 6

 

- 4,125

31 December 2016

 

767,638

 

758,286

 

498,701

 

117,135

 

2,141,760

Accumulated depreciation, amortisation and impairment

 

 

 

 

 

 

 

 

 

 

1 January 2016

 

340,312

 

503,672

 

288,953

 

0

 

1,132,937

Additions

 

33,933

 

38,896

 

29,365

 

 

 

102,194

Disposals

 

- 29,977

 

- 3,054

 

- 11,023

 

 

 

- 44,054

Reclassifications

 

- 6

 

- 1

 

7

 

 

 

0

Changes to scope of consolidation/consolidation method

 

576

 

343

 

94

 

 

 

1,013

Effects of changes in exchange rates

 

- 246

 

- 912

 

- 108

 

 

 

- 1,266

31 December 2016

 

344,592

 

538,944

 

307,288

 

0

 

1,190,824

Carrying amount as of 31 December 2016

 

423,046

 

219,342

 

191,413

 

117,135

 

950,936

 

 

 

 

 

 

 

 

 

 

 

Carrying amount as of 1 January 2017

 

423,046

 

219,342

 

191,413

 

117,135

 

950,936

Acquisition or production cost

 

 

 

 

 

 

 

 

 

 

1 January 2017

 

767,638

 

758,286

 

498,701

 

117,135

 

2,141,760

Additions

 

9,600

 

71,694

 

23,376

 

26,912

 

131,582

Disposals

 

- 11,546

 

- 8,409

 

- 10,895

 

- 1,102

 

- 31,952

Reclassifications

 

31,788

 

57,506

 

1,838

 

- 90,917

 

215

Changes in scope of consolidation/consolidation method

 

 

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

- 2,597

 

- 2,020

 

- 284

 

5

 

- 4,896

31 December 2017

 

794,883

 

877,057

 

512,736

 

52,033

 

2,236,709

Accumulated depreciation, amortisation and impairment

 

 

 

 

 

 

 

 

 

 

1 January 2017

 

344,592

 

538,944

 

307,288

 

0

 

1,190,824

Additions

 

30,892

 

39,866

 

31,197

 

 

 

101,955

Disposals

 

- 11,223

 

- 7,953

 

- 10,132

 

 

 

- 29,308

Reclassifications

 

- 50

 

50

 

 

 

 

 

0

Changes to scope of consolidation/consolidation method

 

 

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

- 280

 

- 888

 

- 145

 

 

 

- 1,313

31 December 2017

 

363,931

 

570,019

 

328,208

 

0

 

1,262,158

Carrying amount as of 31 December 2017

 

430,952

 

307,038

 

184,528

 

52,033

 

974,551

The additions are largely the result of the expansion of container terminals in Hamburg and the acquisition of locomotives by METRANS a.s.

Disposals in the financial year under review mainly relate to the return of an Übersee-Zentrum office building to the Hamburg Port Authority (HPA) and to the sale/scrapping of technical equipment and machinery.

Changes to the consolidated group in the 2016 financial year relate solely to the METRANS Group subsidiaries which were included in the Consolidated Financial Statements for the first time.

The negative effects of changes in exchange rates arose chiefly in connection with the depreciation of the Ukrainian currency.

No write-downs were made on property, plant and equipment in the year under review. In the previous year, write-downs in the amount of € 1,125 thousand were made for a building at a container terminal in Hamburg which was no longer used.

Buildings, surfacing and movable non-current assets with a carrying amount of € 1,997 thousand (previous year: € 3,112 thousand) have been pledged as collateral in connection with loans taken up by the Group.

Regarding existing restrictions on the disposal and use of buildings in connection with the letting of the associated properties from the Free and Hanseatic City of Hamburg, see the explanatory remarks on the lease agreements in Note 45.

As of the balance sheet date, the Group had obligations of € 77,299 thousand (previous year: € 34,199 thousand) from purchase commitments attributable to investments in property, plant and equipment.

Development of Assets which are Classified as Finance Lease and are included in Property, Plant and Equipment

in € thousand

 

Land and buildings

 

Technical equipment and machinery

 

Other plant, operating and office equipment

 

Total

Carrying amount as of 1 January 2016

 

97,901

 

1,818

 

38,628

 

138,347

Acquisition or production cost

 

 

 

 

 

 

 

 

1 January 2016

 

108,281

 

8,171

 

46,962

 

163,414

Additions

 

 

 

102

 

3,988

 

4,090

Disposals

 

 

 

- 13

 

- 5,644

 

- 5,657

Reclassifications

 

 

 

- 1,708

 

13

 

- 1,695

Changes in scope of consolidation

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

- 37

 

- 214

 

 

 

- 251

31 December 2016

 

108,244

 

6,338

 

45,319

 

159,901

Accumulated depreciation, amortisation and impairment

 

 

 

 

 

 

 

 

1 January 2016

 

10,380

 

6,354

 

8,334

 

25,067

Additions

 

2,183

 

408

 

3,905

 

6,496

Disposals

 

 

 

- 13

 

- 5,559

 

- 5,572

Reclassifications

 

 

 

- 402

 

 

 

- 402

Changes in scope of consolidation/consolidation method

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

- 5

 

- 202

 

 

 

- 207

31 December 2016

 

12,558

 

6,145

 

6,680

 

25,383

Carrying amount as of 31 December 2016

 

95,686

 

193

 

38,639

 

134,518

 

 

 

 

 

 

 

 

 

Carrying amount as of 1 January 2017

 

95,686

 

193

 

38,639

 

134,518

Acquisition or production cost

 

 

 

 

 

 

 

 

1 January 2017

 

108,244

 

6,338

 

45,319

 

159,901

Additions

 

 

 

1,603

 

2,646

 

4,249

Disposals

 

 

 

 

 

- 2,026

 

- 2,026

Reclassifications

 

 

 

- 156

 

 

 

- 156

Changes in scope of consolidation

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

- 68

 

225

 

30

 

187

31 December 2017

 

108,176

 

8,010

 

45,969

 

162,155

Accumulated depreciation, amortisation and impairment

 

 

 

 

 

 

 

 

1 January 2017

 

12,558

 

6,145

 

6,680

 

25,383

Additions

 

2,182

 

692

 

4,208

 

7,082

Disposals

 

 

 

 

 

- 1,349

 

- 1,349

Reclassifications

 

 

 

- 6,391

 

 

 

- 6,391

Changes in scope of consolidation/consolidation method

 

 

 

 

 

 

 

0

Effects of changes in exchange rates

 

- 14

 

221

 

14

 

221

31 December 2017

 

14,726

 

667

 

9,553

 

24,946

Carrying amount as of 31 December 2017

 

93,450

 

7,343

 

36,416

 

137,209