Property, plant and equipment

Philips Group
Property, plant and equipment in millions of EUR
2014
 
land and buildings
machinery and installations
other equipment
prepayments and construction in progress
total
Balance as of January 1, 2014:
 
 
 
 
 
Cost
1,899
3,948
1,586
259
7,692
Accumulated depreciation
(872)
(2,885)
(1,155)
(4,912)
Book value
1,027
1,063
431
259
2,780
Change in book value:
 
 
 
 
 
Capital expenditures
6
86
68
368
528
Assets available for use
79
220
132
(431)
Acquisitions
7
6
4
2
19
Disposals and sales
(5)
(7)
(12)
Depreciation
(91)
(295)
(178)
(564)
Impairments
(26)
(74)
(21)
(1)
(122)
Transfer to assets classified as held for sale
(190)
(451)
(10)
(37)
(688)
Translation differences
60
57
28
9
154
Total changes
(155)
(456)
16
(90)
(685)
Balance as of December 31, 2014:
 
 
 
 
 
Cost
1,803
3,127
1,745
169
6,844
Accumulated depreciation
(931)
(2,520)
(1,298)
(4,749)
Book value
872
607
447
169
2,095

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Philips Group
Property, plant and equipment in millions of EUR
2013
 
land and buildings
machinery and installations
other equipment
prepayments and construction in progress
total
Balance as of January 1, 2013:
 
 
 
 
 
Cost
1,924
4,004
1,658
294
7,880
Accumulated depreciation
(835)
(2,851)
(1,235)
(4,921)
Book value
1,089
1,153
423
294
2,959
Change in book value:
 
 
 
 
 
Capital expenditures
8
88
61
461
618
Assets available for use
79
244
160
(483)
Acquisitions
Disposals and sales
(1)
(14)
(7)
(4)
(26)
Depreciation
(87)
(321)
(163)
(571)
Impairments
(15)
(26)
(22)
(63)
Transfer to assets classified as held for sale
(17)
(4)
(4)
(25)
Translation differences
(29)
(57)
(17)
(9)
(112)
Total changes
(62)
(90)
8
(35)
(179)
Balance as of December 31, 2013:
 
 
 
 
 
Cost
1,899
3,948
1,586
259
7,692
Accumulated depreciation
(872)
(2,885)
(1,155)
(4,912)
Book value
1,027
1,063
431
259
2,780

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Land with a book value of EUR 89 million at December 31, 2014 (2013: EUR 133 million) is not depreciated. Impairment charges of EUR 49 million are related to industrial assets in Lighting in 2014. Transfer to assets classified as held for sale in 2014 mainly relate to combined businesses of Lumileds and Automotive.

Property, plant and equipment includes financial lease assets with a book value of EUR 192 million at December 31, 2014 (2013: EUR 187 million).

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

Philips Group
Useful lives of property, plant and equipment in years
Buildings
from 5 to 50
Machinery and installations
from 3 to 20
Other equipment
from 1 to 10

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