Accounting policies
Property, plant and equipment – are measured at the cost of purchase or manufacture, less accumulated depreciation and impairment losses.
Investment properties – are measured according to the accounting policies applied to property, plant and equipment.
Capital expenditure – The carrying amount of property, plant and equipment items is increased by additional capital expenditure incurred during their use, provided that they satisfy the criteria for classification to fixed assets.
Right-of-use assets are presented in the same items in which the underlying assets would be presented, if they were owned by the Group (note “Leases”).
- Useful lives – note “Administrative expenses”;
- Impairment losses – note “Net impairment losses on non-financial assets”
Financial information
Property, plant and equipment
| PROPERTY, PLANT AND EQUIPMENT | Land and buildings | Machinery and equipment, including computer hardware | Fixed assets under construction | Other, including vehicles | Total |
|---|---|---|---|---|---|
| 2023 | |||||
| Gross carrying amount at the beginning of the period | 4,121 | 1,832 | 154 | 903 | 7,010 |
| Purchase, including modifications | 467 | 26 | 343 | 36 | 872 |
| Transfers from capital expenditure | 39 | 138 | (207) | 31 | 1 |
| Scrapping and sale | (80) | (65) | – | (15) | (160) |
| Other | (61) | (23) | (5) | 3 | (86) |
| Gross carrying amount at the end of the period | 4,486 | 1,908 | 285 | 958 | 7,637 |
| Accumulated amortization as at the beginning of the period | (2,056) | (1,398) | – | (537) | (3,991) |
| Amortization charge for the period | (318) | (157) | – | (57) | (532) |
| Scrapping and sale | 69 | 64 | – | 35 | 168 |
| Other | 34 | 17 | – | 5 | 56 |
| Accumulated amortization as at the end of the period | (2,271) | (1,474) | – | (554) | (4,299) |
| Impairment losses as at the beginning of the period | (97) | (1) | (3) | (1) | (102) |
| Recognized during the period | (38) | (4) | – | – | (42) |
| Reversed during the period | 1 | – | – | – | 1 |
| Other | 7 | 1 | – | – | 8 |
| Impairment losses as at the end of the period | (127) | (4) | (3) | (1) | (135) |
| Carrying amount as at the beginning of the period, net | 1,968 | 433 | 151 | 365 | 2,917 |
| Carrying amount as at the end of the period, net | 2,088 | 430 | 282 | 403 | 3,203 |
| PROPERTY, PLANT AND EQUIPMENT | Land and buildings | Machinery and equipment, including computer hardware | Fixed assets under construction | Other, including vehicles | Total |
|---|---|---|---|---|---|
| 2022 | |||||
| Gross carrying amount at the beginning of the period | 3,977 | 1,768 | 217 | 909 | 6,871 |
| Purchase, including modifications | 165 | 37 | 175 | 28 | 405 |
| Transfers from capital expenditure | 50 | 142 | (234) | 42 | – |
| Scrapping and sale | (46) | (92) | – | (58) | (196) |
| Other | (25) | (23) | (4) | (18) | (70) |
| Gross carrying amount at the end of the period | 4,121 | 1,832 | 154 | 903 | 7,010 |
| Accumulated amortization as at the beginning of the period | (1,789) | (1,352) | – | (522) | (3,663) |
| Amortization charge for the period | (314) | (153) | – | (60) | (527) |
| Scrapping and sale | 29 | 91 | – | 31 | 151 |
| Other | 18 | 16 | – | 14 | 48 |
| Accumulated amortization as at the end of the period | (2,056) | (1,398) | – | (537) | (3,991) |
| Impairment losses as at the beginning of the period | (95) | (1) | (4) | – | (100) |
| Recognized during the period | (3) | – | – | – | (3) |
| Other | 1 | – | 1 | (1) | 1 |
| Impairment losses as at the end of the period | (97) | (1) | (3) | (1) | (102) |
| Carrying amount as at the beginning of the period, net | 2,093 | 415 | 213 | 387 | 3,108 |
| Carrying amount as at the end of the period, net | 1,968 | 433 | 151 | 365 | 2,917 |
| Investment properties | 31.12.2023 | 31.12.2022 |
|---|---|---|
| Gross carrying amount | 89 | 62 |
| Accumulated depreciation | (16) | (23) |
| Impairment losses | (3) | (3) |
| Net carrying amount | 70 | 36 |