Balance sheet disclosures

10 Intangible assets and property, plant and equipment

Investments in intangible assets and property, plant and equipment in the period up to 31 March 2011 amounted to €252 million (previous year: €195 million), of which €30 million was attributable to intangible assets (previous year: €30 million). Investments in property, plant and equipment are shown in the following table:

Investments in property, plant and equipment
€m
  31 March 2010 31 March 2011

Property, plant and equipment		    
Land and buildings (incl. leasehold improvements) 7 7
Technical equipment and machinery 47 28
Transport equipment 12 41
Aircraft 11 16
IT equipment 15 16
Other operating and office equipment 10 11
Advance payments and assets under development 63 103
  165 222

Of the advance payments, €35 million relates to the renewal of the aircraft fleet.

 

Goodwill changed as follows in the reporting period:

Change in goodwill
€m
  2010 2011

Cost		    
Balance at 1 January 11,291 11,759
Additions to consolidated group 20 0
Additions 4 0
Disposals –11 –29
Currency translation differences 455 –259
Balance at 31 December/31 March 11,759 11,471

Impairment losses		    
Balance at 1 January 1,048 1,093
Disposals 0 –6
Currency translation differences 45 –21
Balance at 31 December/31 March 1,093 1,066

Carrying amount at 31 December/31 March		 10,666 10,405

The net disposals of €23 million relate to the goodwill of Exel Transportation Services Inc., USA, which was reclassified as held for sale in accordance with IFRS 5.

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