Deutsche Post Annual Report 2007 - Property, plant and equipment

23.1 Overview
23.2 Finance leases

23.1 Overview

Cost

€m	Land and buildings	Technical equipment and machinery	Other equipment, operating and office equipment	Aircraft	Vehicle fleet and transport equipment	Advance payments, assets under development	Total

Balance at 1 January 2006	7,889	4,249	3,182	1,211	1,916	112	18,559
Additions to consolidated group	227	36	143	0	25	4	435
Additions	319	119	285	41	306	187	1,257
Reclassifications	–109	–195	174	67	50	–60	–73
Disposals	–672	–215	–423	–13	–284	–59	–1,666
Reclassification to current assets	–8	0	0	0	0	0	–8
Currency translation differences	–67	–93	–55	–24	–7	–2	–248
Balance at 31 December 2006/ 1 January 2007	7,579	3,901	3,306	1,282	2,006	182	18,256
Additions to consolidated group	42	31	38	56	9	2	178
Additions	358	346	412	117	277	349	1,859
Reclassifications	–75	60	34	–7	14	–137	–111
Disposals	–521	–170	–291	–55	–219	–84	–1,340
Reclassification to current assets	0	0	0	0	0	0	0
Currency translation differences	–115	–92	–68	–26	–41	–7	–349
Balance at 31 December 2007	7,268	4,076	3,431	1,367	2,046	305	18,493

Depreciation and impairment losses
Balance at 1 January 2006	2,215	2,756	2,341	292	1,047	0	8,651
Additions to consolidated group	21	22	37	0	28	1	109
Depreciation	268	343	365	106	193	0	1,275
Impairment losses	17	0	0	0	0	0	17
Reversal of impairment losses	0	0	0	0	0	0	0
Reclassifications	175	–297	93	0	36	–9	–2
Disposals	–320	–191	–318	–11	–233	0	–1,073
Reclassification to current assets	–1	0	0	0	0	0	–1
Currency translation differences	–19	–41	–40	–3	–5	0	–108
Balance at 31 December 2006/ 1 January 2007	2,356	2,592	2,478	384	1,066	–8	8,868
Additions to consolidated group	19	22	26	15	4	0	86
Depreciation	255	309	362	126	201	0	1,253
Impairment losses	253	190	47	0	19	6	515
Reversal of impairment losses	0	0	0	0	0	0	0
Reclassifications	–57	33	–5	–7	–2	–1	–39
Disposals	–206	–126	–254	–25	–167	0	–778
Reclassification to current assets	0	0	0	0	0	0	0
Currency translation differences	–37	–47	–50	–10	–22	0	–166
Balance at 31 December 2007	2,583	2,973	2,604	483	1,099	–3	9,739
Carrying amount at 31 December 2007	4,685	1,103	827	884	947	308	8,754
Carrying amount at 31 December 2006	5,223	1,309	828	898	940	190	9,388

Advance payments relate only to advance payments on items of property, plant and equipment where Deutsche Post World Net has paid advances in connection with uncompleted transactions. Assets under development relate to items of property, plant and equipment in progress at the balance sheet date for whose production internal or third-party costs have already been incurred. Items of property, plant and equipment pledged as collateral amount to less than €1 million (previous year: €5 million).

23.2 Finance leases

The following assets are carried as non-current assets resulting from finance leases:


€m	2006	2007
Intangible assets	4	2
Land and buildings	52	52
Technical equipment and machinery	45	35
Other equipment, operating and office equipment	61	122
Aircraft	633	491
Vehicle fleet and transport equipment	13	7
Finance leases	808	709

The corresponding liabilities from finance leases are included under financial liabilities (see Note 42).

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23. Property, plant, and equipment

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23.1 Overview

23.2 Finance leases