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1 Property, plant and equipment

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EUR million Land, buildings and
similar assets
Technical
equipment and
machinery
Operating and
office equipment
Prepayments
and assets under
construction
Total
Cost
As at 1 Jan. 2015 461 317 404 7 1,189
Foreign exchange rate adjustments 13 12 4 29
Additions to scope of consolidation 36 31 2 1 70
Additions 3 16 108 6 133
Reclassifications 2 3 2 -7 0
Disposals 4 15 95 114
As at 31 Dec. 2015 511 364 425 7 1,307
 
Accumulated depreciation
As at 1 Jan. 2015 218 222 270 0 710
Foreign exchange rate adjustments 5 9 3 17
Additions 0
Depreciation 17 24 102 143
Impairments 1 1
Reversals of impairment losses 0
Reclassifications 0
Disposals 3 14 94 111
As at 31 Dec. 2015 238 241 281 0 760
 
Net carrying amounts
As at 31 Dec. 2015 273 123 144 7 547
As at 1 Jan. 2015 243 95 134 7 479

Property, plant and equipment includes assets totalling EUR 33 million (previous year: EUR 35 million) recognised based on finance leases. Of this amount, EUR 31 million (previous year: EUR 33 million) relates to land, buildings and similar assets and EUR 2 million (previous year: EUR 2 million) to operating and office equipment. As in the previous year, no non-cash investments were made in property, plant and equipment (finance leases).

The additions to the scope of consolidation during the financial year result primarily from the acquisition of Bekaert Textiles. Business combinations in the financial year are explained under note 29. As in the previous year, additions and disposals during the financial year relate primarily to textiles and hand towel dispensers to be rented out by the CWS-boco division.

The impairments in the financial year amounting to EUR 1 million are recognised in connection with the optimisation of locations in the CWS-boco division. The EUR 8 million in impairments in the previous year essentially related to write-downs of real estate no longer required for operations in the Holding and other companies segment. The recoverable amount of assets written down was EUR 10 million; this amount was calculated using the discounted cash flow method (DCF method) as the fair value less costs of disposal (Level 2).

Enlarge table
EUR million Land, buildings and
similar assets
Technical
equipment and
machinery
Operating and
office equipment
Prepayments
and assets under
construction
Total
Cost
As at 1 Jan. 2014 470 307 396 5 1,178
Foreign exchange rate adjustments 8 6 2 16
Additions to scope of consolidation 0
Additions 12 22 98 6 138
Reclassifications 1 1 2 -4 0
Disposals 30 19 94 143
As at 31 Dec. 2014 461 317 404 7 1,189
 
Accumulated depreciation
As at 1 Jan. 2014 215 215 266 0 696
Foreign exchange rate adjustments 4 4 2 10
Additions 0
Depreciation 17 20 95 132
Impairments 6 2 8
Reversals of impairment losses 1 1
Reclassifications 0
Disposals 24 18 93 135
As at 31 Dec. 2014 218 222 270 0 710
 
Net carrying amounts
As at 31 Dec. 2014 243 95 134 7 479
As at 1 Jan. 2014 255 92 130 5 482

As in the previous year, legally and economically owned property, plant and equipment are not subject to any restrictions on title. Property, plant and equipment of EUR 3 million (previous year: EUR 0 million) are pledged as security for own liabilities. Purchase commitments for property, plant and equipment amounted to EUR 1 million (previous year: EUR 3 million).