Annual Report 2009
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Property, plant and equipment

Auditor's report
Auditor's report on internal control
Previous - Group financial statements: Significant accounting policies Next - Auditor's report - Group
 
 
land and buildings
machinery and installations
other equipment
prepayments and construction in progress
total
 
 
 
 
 
 
Balance as of January 1, 2009:
 
 
 
 
 
Cost
2,396
3,576
1,746
347
8,065
Accumulated depreciation
(916)
(2,354)
(1,299)
−
(4,569)
Book value
1,480
1,222
447
347
3,496
Change in book value:
 
 
 
 
 
Capital expenditures
21
120
87
296
524
Assets available for use
32
285
117
(434)
−
Acquisitions
17
12
12
5
46
Disposals and sales
(15)
(23)
(11)
(5)
(54)
Depreciation
(89)
(344)
(192)
−
(625)
Impairments
(9)
(84)
(23)
(5)
(121)
Translation differences
(3)
(14)
−
3
(14)
Total changes
(46)
(48)
(10)
(140)
(244)
Balance as of December 31, 2009:
 
 
 
 
 
Cost
2,447
3,692
1,708
207
8,054
Accumulated depreciation
(1,013)
(2,518)
(1,271)
−
(4,802)
Book value
1,434
1,174
437
207
3,252

 
 
land and buildings
machinery and installations
other equipment
prepayments and construction in progress
total
 
 
 
 
 
 
Balance as of January 1, 2008:
 
 
 
 
 
Cost
2,309
3,499
1,746
343
7,897
Accumulated depreciation
(937)
(2,378)
(1,388)
−
(4,703)
Book value
1,372
1,121
358
343
3,194
Change in book value:
 
 
 
 
 
Capital expenditures
16
98
126
530
770
Assets available for use
92
279
150
(521)
−
Acquisitions
146
127
64
−
337
Disposals and sales
(62)
(28)
(20)
(5)
(115)
Depreciation
(90)
(345)
(197)
−
(632)
Impairments
(3)
(51)
(40)
(3)
(97)
Translation differences
9
21
6
3
39
Total changes
108
101
89
4
302
Balance as of December 31, 2008:
 
 
 
 
 
Cost
2,396
3,576
1,746
347
8,065
Accumulated depreciation
(916)
(2,354)
(1,299)
−
(4,569)
Book value
1,480
1,222
447
347
3,496

Land with a book value of EUR 186 million at December 31, 2009 (2008: EUR 185 million) is not depreciated.

Machinery and installations include lease assets with a book value of EUR 107 million at December 31, 2009 (2008: EUR 98 million). The total book value of assets no longer productively employed, mainly included in land and buildings, amounted to EUR 11 million at December 31, 2009 (2008: EUR 12 million).

The expected useful lives of property, plant and equipment are as follows:

 
Buildings
from 5 to 50 years
Machinery and installations
from 3 to 10 years
Lease assets
from 1 to 15 years
Other equipment
from 1 to 10 years

Capital expenditures include capitalized interest related to construction in progress amounting to EUR 1 million (2008: EUR 3 million).

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This is an interactive electronic version of the Philips Annual Report 2009 and also contains certain information in summarized form. The contents of this version are qualified in their entirety by reference to the printed version of the Philips Annual Report 2009. The printed version is available as a PDF file on this website. Information about: forward-looking statements, third-party market share data, fair value information, IFRS basis of presentation, use of non-GAAP information, statutory financial statements and management report, reclassifications and analysis of 2008 compared to 2007.
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