17. Fixed assets

  Download XLS (20 kB)

€ million

Goodwill

Other intan-
gible assets

Tangible assets

Invest-ment properties

Financial invest-ments1, 2

Total

1

Revised terminology (see chapter “Notes to the Group accounting principles and methods”)

2

Including investments accounted for using the equity method

3

Including results of the revaluation of put options

4

Including asset transfers to “assets held for sale”

5

Including asset transfers from “assets held for sale” to “tangible assets”

Acquisition or production costs

 

 

 

 

 

 

As of 1/1/2011

4,064

1,535

21,882

499

259

28,239

Currency translation

–24

–7

–199

0

0

–230

Additions to consolidation group

0

40

4

0

0

44

Additions

843

155

1,812

0

6

2,057

Disposals4

–793

–23

–909

–26

–61

–1,098

Transfers

0

3

–24

21

–112

–112

As of 31/12/2011 / 1/1/2012

4,045

1,703

22,566

494

92

28,900

Currency translation

17

5

134

–1

–2

152

Additions to consolidation group

0

4

46

7

0

57

Additions

9

137

1,2335

8

300

1,687

Disposals4

–2213

–108

–3,163

–8

–12

–3,512

Transfers

0

1

7

1

–25

–17

As of 31/12/2012

3,850

1,741

20,822

500

353

27,266

Depreciation/amortisation

 

 

 

 

 

 

As of 1/1/2011

0

1,099

9,400

261

11

10,771

Currency translation

0

–6

–77

0

0

–83

Additions, scheduled

0

155

1,078

13

0

1,246

Impairment losses

0

19

81

4

1

105

Disposals4

0

–18

–521

–15

0

–554

Reversals of impairment losses

0

0

–31

–3

0

–34

Transfers

0

0

–25

25

1

1

As of 31/12/2011 / 1/1/2012

0

1,249

9,905

285

13

11,452

Currency translation

0

4

64

0

0

68

Additions, scheduled

0

164

1,049

13

0

1,226

Impairment losses

70

18

149

0

1

239

Disposals4

0

–95

–1,638

–7

0

–1,740

Reversals of impairment losses

0

–6

–8

0

–1

–15

Transfers

0

0

–21

10

0

–11

As of 31/12/2012

70

1,334

9,498

301

14

11,216

Carrying amount at 1/1/2011

4,064

436

12,482

238

248

17,468

Carrying amount at 31/12/2011

4,045

454

12,661

209

79

17,448

Carrying amount at 31/12/2012

3,780

407

11,324

199

339

16,049

In the financial year 2012, disposals of assets amounted to €1,772 million (previous year: €544 million). Reclassifications of assets to “assets held for sale” contributed €1,372 million (previous year: €291 million) to this total. Of these, goodwill accounted for €200 million (previous year: €0 million), other intangible assets for €1 million (previous year: €0 million), tangible assets for €1,170 million (previous year: €289 million) and investment properties for €1 million (previous year: €2 million). These stemmed primarily from Real’s Eastern European business held for sale (€870 million), the divestment of the cash & carry business in the United Kingdom (€329 million) and the reclassification of the assets of OPCI FRENCH WHOLESALE STORES – FWS (€114 million).

In addition, the current financial year includes impairment losses of €239 million (previous year: €105 million). These mainly concern impairments of business and office equipment as well as goodwill impairments.