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 2024 |
||||
|
Historical cost |
244 |
316 |
15 |
575 |
|
Accumulated depreciation and impairments |
-61 |
-266 |
- |
-327 |
|
Carrying amount as at 1 January 2024 |
183 |
50 |
15 |
248 |
|
Movements 2024 |
||||
|
Investments |
- |
8 |
45 |
53 |
|
Divestments |
-2 |
-1 |
- |
-3 |
|
Depreciation |
-7 |
-23 |
- |
-30 |
|
Reclassifications and other movements |
12 |
24 |
-36 |
- |
|
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 |
|
Movements 2025 |
||||
|
Investments |
11 |
5 |
15 |
31 |
|
Divestments |
-1 |
- |
- |
-1 |
|
Depreciation |
-7 |
-15 |
- |
-22 |
|
Reclassifications and other movements |
4 |
-12 |
-14 |
-22 |
|
Total |
7 |
-22 |
1 |
-14 |
|
As at 31 December 2025 |
||||
|
Historical cost |
269 |
113 |
25 |
407 |
|
Accumulated depreciation and impairments |
-76 |
-77 |
- |
-153 |
|
Carrying amount as at 31 December 2025 |
193 |
36 |
25 |
254 |
Investments
Investments in property, plant and equipment during the financial year totalled €32 million (2024: €53 million). They related to investments in hardware, software and accommodation.
Reclassification
As of 1 January 2025, €25 million was reclassified from property, plant and equipment to intangible assets in respect of software development. The reclassification was made due to the nature and the increasing amount of software.
Right-of-use assets
|
€ million |
Land and buildings |
Other plant and equipment |
Total |
|
As at 1 January 2024 |
|||
|
Historical cost |
92 |
90 |
182 |
|
Accumulated depreciation and impairments |
-17 |
-54 |
-71 |
|
Carrying amount as at 1 January 2024 |
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 |
|
Movements 2025 |
|||
|
Investments |
5 |
30 |
35 |
|
Divestments |
- |
- |
- |
|
Depreciation |
-8 |
-18 |
-26 |
|
Reclassifications and other movements |
-17 |
- |
-17 |
|
Total |
-20 |
12 |
-8 |
|
As at 31 December 2025 |
|||
|
Historical cost |
89 |
142 |
231 |
|
Accumulated depreciation and impairments |
-34 |
-83 |
-117 |
|
Carrying amount as at 31 December 2025 |
55 |
59 |
114 |
These assets relate to business premises and lease vehicles. Reclassifications and other movements include the (partial) surrender of a lease, extensions and indexation.