27
Total property, plant
and equipment
Balance at
01/01/12
Balance at
31/12/12
Cost
194,595
197,239
Accumulated depreciation
(143,790)
(149,699)
Total, net
50,805
47,540
The Company owns buildings, the value of which, net of depreciation, and that of the land, at the
end of 2013 and 2012were as follows (in thousands of euros):
Property
2013
2012
Land
11,517
11,517
Buildings
13,350
14,922
Total
24,867
26,439
In 2013 the Company derecognised items of property, plant and equipment, giving rise to a net
gain of EUR 8 thousand (2012: EUR 37 thousand).
At the end of 2013 and 2012 the Company had fully depreciated items of property, plant and
equipment still in use, the detail being as follows (in thousands of euros):
Gross carrying amount
2013
2012
Buildings
7,804
5,696
Other assets
104,592
101,619
Total
112,396
107,315
The Company takes out insurance policies to cover the possible risks to which its property, plant
and equipment are subject. At the end of 2013 and 2012 the property, plant and equipment were
fully insured against these risks.
8.- Leases
At the end of 2013 and 2012 the Company, as a lessor under operating leases, had annual lease
arrangements with certain Group companies for facilities and other scantly material lease
arrangements with a term of more than one year with non-Group companies. Since the leased
facilities are in the same building as the Company, they are not considered to be investment
property included in the Company’s assets.
Income from operating leases in 2013 amounted to EUR 7,531 thousand (2012: EUR 3,023
thousand).
