Note 37 Property, plant, equipment and right-of-use assets

Property, plant and equipment

€ million

Land and buildings

Other plant and equipment

Assets under construction

Total

As at 1 January 2023

       

Historical cost

166

524

69

759

Accumulated depreciation and impairments

-55

-469

-

-524

         

Carrying amount as at 1 January 2023

111

55

69

235

         

Movements 2023

       

Investments

-

7

42

49

Depreciation

-6

-29

-

-35

Reclassifications and other movements

78

17

-96

-1

Total

72

-5

-54

13

         

As at 31 December 2023

       

Historical cost

244

316

15

575

Accumulated depreciation and impairments

-61

-266

-

-327

         

Carrying amount as at 31 December 2023

183

50

15

248

         

Movements 2024

       

Investments

-

8

45

53

Depreciation

-7

-23

-

-30

Reclassifications and other movements

12

24

-36

-

Divestments

-2

-1

-

-3

Total

3

8

9

20

         

As at 31 December 2024

       

Historical cost

254

331

24

609

Accumulated depreciation and impairments

-68

-273

-

-341

         

Carrying amount as at 31 December 2024

186

58

24

268

Investments

Investments in property, plant and equipment during the financial year totalled €53 million (2023: €49 million). They related to investments in hardware, software and accommodation.

Right-of-use assets

€ million

Land and buildings

Other plant and equipment

Total

As at 1 January 2023

     

Historical cost

85

71

156

Accumulated depreciation and impairments

-10

-42

-52

       

Carrying amount as at 1 January 2023

75

29

104

       

Movements 2023

     

Investments

2

23

25

Depreciation

-7

-14

-21

Reclassifications and other movements

5

-2

3

Total

-

7

7

       

As at 31 December 2023

     

Historical cost

92

90

182

Accumulated depreciation and impairments

-17

-54

-71

       

Carrying amount as at 31 December 2023

75

36

111

       

Movements 2024

     

Investments

5

28

33

Divestments

-

-3

-3

Depreciation

-8

-14

-22

Reclassifications and other movements

3

-

3

Total

-

11

11

       

As at 31 December 2024

     

Historical cost

101

114

215

Accumulated depreciation and impairments

-26

-67

-93

       

Carrying amount as at 31 December 2024

75

47

122

These assets relate to business premises and lease vehicles. The lease adjustments relate, for example, to expansions and indexations.