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Notes to the Consolidated Financial Statements (continued)
8.2 Property, plant and equipment
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O Q,
Report of the Executive Board
Report of the Supervisory Board
Heineken N.V. Annual Report 2018 8
Financial Statements
Sustainability Review
Other Information
Property, plant and equipment (P,P&E) are fixed assets that are owned by HEINEKEN, as well as the leased assets under a finance lease agreement. These assets are held for use in HEINEKEN's operating activities.
The assets are split into the asset classes of land buildings, plant machinery, other fixed assets and assets under constructions. The table below shows the historical cost per asset class and the movements during
the year.
2018 2017
In millions of Note
Land and
buildings
Plant and
equipment
Other
fixed assets
Under
construction
Total
Land and
buildings
Plant and
equipment
Other
fixed assets
Under
construction
Total
Cost
Balance as at 1 January
6,911
8,393
5,166
902
21,372
5,435
8,394
5,043
666
19,538
Changes in consolidation and other transfers
5
74
12
2
93
1,611
257
150
92
2,110
Purchases
36
74
396
1,330
1,836
73
119
372
1,132
1,696
Transfer of completed projects under construction
314
615
315
(1,244)
197
425
284
(906)
Transfer (to)/from assets classified as held for sale
(89)
(108)
(31)
(228)
(17)
(9)
(6)
(32)
Disposals
(132)
(105)
(517)
(1)
(755)
(145)
(185)
(386)
(16)
(732)
Effect of movements in exchange rates
(67)
(71)
3
9
(126)
(243)
(608)
(291)
(66)
(1,208)
Balance as at 31 December
6,978
8,872
5,344
998
22,192
6,911
8,393
5,166
902
21,372
Depreciation and impairment losses
Balance as at 1 January
(2,089)
(4,706)
(3,460)
(10,255)
(2,170)
(4,733)
(3,403)
- (10,306)
Changes in consolidation and other transfers
(64)
(6)
(70)
33
(15)
(28)
(10)
Depreciation charge for the year
6.6
(161)
(416)
(578)
(1,155)
(163)
(438)
(571)
- (1,172)
Impairment losses
6.6
(29)
(89)
(15)
(133)
Reversal impairment losses
6.6
11
6
2
- 19
Transfer to/(from) assets classified as held for sale
10
33
24
67
6
4
2
- 12
Disposals
82
100
505
687
112
197
362
- 671
Effect of movements in exchange rates
9
26
(9)
26
82
273
176
- 531
Balance as at 31 December
(2,178)
(5,116)
(3,539)
(10,833)
(2,089)
(4,706)
(3,460)
- (10,255)
Carrying amount
As at 1 January
4,822
3,687
1,706
902
11,117
3,265
3,661
1,640 i
566 9,232
As at 31 December
4,800
3,756
1,805
998
11,359
4,822
3,687
1,706 1
902 11,117
