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Property, plant and equipment

Leased fixed tangible assets

As at 31 December 2017 the Group used fixed tangible fixed assets under finance leases and hire purchase contracts, the initial value of which was 6 727 thousand PLN (as at 31 December 2016: 6 818 thousand PLN), of which: machinery and technical equipment 4 746 thousand PLN, vehicles 1 688 thousand PLN and other fixed tangible assets 293 thousand PLN.
The depreciation charge of the leased assets and assets under hire purchase contracts was 2 785 thousand PLN as at the reporting date (as at 31 December 2016: 1 784 thousand PLN), of which: machinery and equipment 1 745 thousand PLN, vehicles 890 thousand PLN and other fixed assets 150 thousand PLN.

Fixed assets pledged as security

As at 31 December 2017 and 31 December 2016, real property of which the parent company is an owner or a perpetual user, was subject to collateral mortgage up to the maximum amount of 299 695 thousand PLN. The carrying amount of the mortgaged developed property as at 31 December 2017 was 48 651 31 thousand PLN ( as at December 2016: 49 949 thousand PLN).
As at 31 December 2017 and 31 December 2016, owned by the parent company fixed tangible assets classified as property, plant and equipment were pledged as security up to the amount 118 500 thousand PLN. In the statement of financial position as at 31 December 2017 the movable fixed assets with registered pledge had the value of 1 781 thousand PLN (2 150 thousand PLN as at 31 December 2016).

Both collateral mortgage and registered pledges secured the contracts made with financial institutions.

Other disclosures concerning property, plant and equipment items

As at 31 December 2017 the net investment in third party’s fixed assets amounted to 1486 thousand PLN (as at 31 December 2016: 1 646 thousand PLN).

In 2017 no impairment losses were recognized for property, plant and equipment.

The Group did not have any property, plant or equipment with restricted right of use.

Other disclosures concerning property, plant and equipment items
 LandBuildings, civil engineering facilitiesMachinery and technical equipmentVehiclesOther fixed tangible assetsFixed tangible assets under constructionAdvances for fixed tangible assetsProperty, plant & equipment
Gross value of fixed tangible assets as at 1 January 2017 4 967 67 126 55 502 28 717 22 917 4 615 319 184 163
Additions (of which): - 4 947 3 918 4 649 3 225 (4 419) (289) 12 031
purchase - 130 3 769 4 649 3 166 (110) 399 12 003
internally generated - - - - - 28 - 28
takeover from investment - 4 817 149 - 59 (5 025) - -
settlement of advances - - - - - 688 (688) -
Reductions (of which): - (4) (380) (1 393) (89) - - (1 866)
selling - - (22) (1 279) (11) - - (1 312)
liquidation - (4) (358) (114) (78) - - (554)
Other changes - 128 (128) - - - - -
Changes due to currency translation differences - - (36) (9) (5) - - (50)
Gross value of fixed tangible assets as at 31 December 2017 4 967 72 197 58 876 31 964 26 048 196 30 194 278
Accumulated depreciation
as at 1 January 2017
- (19 589) (40 736) (21 942) (16 616) - - (98 883)
Current depreciation charge for the period - (2 411) (3 648) (2 402) (2 258) - - (10 719)
Reduction due to selling, liquidation of fixed tangible assets - 4 377 1 346 89 - - 1 816
Other changes - (128) 128 - - - - -
Changes due to currency translation differences - - 19 8 5 - - 32
Accumulated depreciation as at 31 December 2017 - (22 124) (43 860) (22 990) (18 780) - - (107 754)
Net tangible fixed assets as at 31 December 2017 4 967 50 073 15 016 8 974 7 268 196 30 86 524
Gross value of fixed tangible assets as at 1 January 2016 4 967 66 591 55 131 27 699 21 651 4 168 - 180 207
Additions (of which): - 681 2 107 2 818 1 672 447 319 8 044
purchase - 6 2 031 2 818 1 653 1 179 357 8 044
takeover from investment - 675 76 - 19 (770) - -
settlement of advances - - - - - 38 (38) -
Reductions (of which): - (146) (914) (1 791) (404) - - (3 255)
selling  - (44)  (1 733)  (5)  - (1 782) 
liquidation  - (146)  (870)  (58)  (399)  (1 473) 
Transfer from held for sale (812)  (6) (818) 
Changes due to currency translation differences - - (10) (3) (2) - - (15)
Gross value of fixed tangible assets as at 31 December 2016 4 967 67 126 55 502 28 717 22 917 4 615 319 184 163
Accumulated depreciation as at 1 January 2016 - (17 330) (38 263) (21 387) (15 149) - - (92 129)
Current depreciation charge for the period - (2 393) (3 624) (2 215) (1 868) - - (10 100)
Reduction due to selling, liquidation of fixed tangible assets - 134 910 1 657 399 - - 3 100
Other reductions - - (375) (4) - - - (379)
Transfer from held for sale - - 612 5 - - - 617
Changes due to currency translation differences - - 4 2 2 - - 8
Accumulated depreciation as at 31 December 2016 - (19 589) (40 736) (21 942) (16 616) - - (98 883)
Net tangible fixed assets as at 31 December 2016 4 967 47 537 14 766 6 775 6 301 4 615 319 85 280

File in XLSX format 
Other disclosures concerning property, plant and equipment items file .xlsx8 kB


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