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Note 12 • Property, plant and equipment

€’000

Freehold Land & buildings

Improvements to leasehold property

Plant & machinery

Furniture & equipment

Computer equipment

Motor vehicles

Under construction

Total


Cost

At 31 December 2008

92,574

23,794

59,887

18,790

27,887

5,847

228,779

Additions

4,643

3,499

5,639

2,823

4,487

547

21,638

Disposals

(87)

(452)

(723)

(550)

(4,713)

(611)

(7,136)

Re-classification

37

(42)

5

(1,879)

8

(1,871)

Translation

(2,314)

(178)

506

(460)

(121)

(54)

(2,621)

At 31 December 2009

94,853

26,663

65,267

20,608

25,661

5,737

238,789

Additions

18,349

5,841

14,510

2,790

4,195

1,045

15,941

62,671

Disposals

(10)

(2,120)

(599)

(786)

(883)

(942)

(5,340)

Re-classification

(262)

270

32

(49)

194

(55)

130

Translation

4,847

1,656

3,637

1,506

1,898

308

1,207

15,059

At 31 December 2010

117,777

32,310

82,847

24,069

31,065

6,093

17,148

311,309


Depreciation

At 31 December 2008

12,701

10,815

31,735

10,814

21,983

3,762

91,810

Charge for the year

2,451

3,182

6,291

2,539

3,501

788

18,752

Disposals

(95)

(332)

(455)

(476)

(4,871)

(518)

(6,747)

Re-classification

5

(55)

(4)

(808)

7

(855)

Translation

(154)

(57)

1,982

(57)

(7)

(15)

1,692

At 31 December 2009

14,903

13,613

39,498

12,816

19,798

4,024

104,652

Charge for the year

3,016

3,518

6,481

3,295

4,186

783

21,279

Impairment Iran

64

211

118

59

452

Disposals

(10)

(2,011)

(510)

(773)

(810)

(880)

(4,994)

Re-classification

48

(47)

(4)

(4)

(81)

(11)

(99)

Translation

841

906

1,612

900

1,383

226

5,868

At 31 December 2010

18,798

16,043

47,077

16,445

24,594

4,201

127,158


Net Book Value

At 31 December 2008

79,873

12,979

28,152

7,976

5,904

2,085

136,969

At 31 December 2009

79,950

13,050

25,769

7,792

5,863

1,713

134,137

At 31 December 2010

98,979

16,267

35,770

7,624

6,471

1,892

17,148

184,151

Property, plant and equipment under construction

These assets are related to the construction of the new manufacturing facility in Russia.

Finance leases €’000

Included in property, plant and equipment at 31 December 2010 is the net book value of assets under finance leases totalling €141 (€214), of which computer equipment €6 (€23), motor vehicles €135 (€150), plant and machinery €0 (€41).

Contractual commitment

Due to the construction of the new manufacturing facility in Russia the Group entered into several purchase contracts. At December 2010, the remaining contractual commitment was €9 million (0 million).

The impact of the Impairment Iran on the respective consolidated financial statements position is disclosed in note 29.



Financial Note 12 • Property, plant and equipment | Oriflame Annual Report 2010
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