| Power plants | Grids | Assets under construction | Land and buildings | Other tangible assets | Total | ||
|---|---|---|---|---|---|---|---|
| CHF thousands | |||||||
| Gross values at 1 January 2011 | 758,490 | 807,396 | 115,368 | 114,135 | 42,139 | 1,837,528 | |
| Own costs capitalised | 2,069 | 3,103 | 8,465 | 4 | 436 | 14,077 | |
| Additions | 19,098 | 9,011 | 44,581 | 1,680 | 11,403 | 85,773 | |
| Additions from change in consolidation | - | - | - | - | - | - | |
| Disposals | -4,479 | -5,726 | -7,865 | -2,064 | -3,961 | -24,095 | |
| Disposals from change in consolidation | - | - | - | - | - | - | |
| Reclassifications between asset classes | 60,427 | 5,815 | -69,375 | 137 | 2,996 | - | |
| IFRS 5 reclassifications | - | -86,189 | - | - | - | -86,189 | |
| Translation differences | -9,955 | - | -638 | -1,156 | -503 | -12,252 | |
| Gross values at 31 December 2011 | 825,650 | 733,410 | 90,536 | 112,736 | 52,510 | 1,814,842 | |
| Accumulated depreciation and impairments at 1 January 2011 | -296,336 | -381,583 | -19,078 | -32,570 | -16,871 | -746,438 | |
| Depreciation | -24,627 | -18,610 | - | -2,010 | -3,887 | -49,134 | |
| Impairments | - | - | -9,350 | - | - | -9,350 | |
| Disposals | 1,215 | 4,990 | 7,642 | 575 | 1,109 | 15,531 | |
| Disposals from change in consolidation | - | - | - | - | - | - | |
| Reclassifications between asset classes | -989 | - | - | -199 | 1,188 | ||
| IFRS 5 reclassifications | 13,577 | - | - | - | 13,577 | ||
| Translation differences | 1,788 | - | 74 | 85 | 170 | 2,117 | |
| Accumulated depreciation at 31 December 2011 | -318,949 | -381,626 | -20,712 | -34,119 | -18,291 | -773,697 | |
| Net values at 31 December 2011 | 506,701 | 351,784 | 69,824 | 78,617 | 34,219 | 1,041,145 | |
| Of which pledges as collateral for debts | 4,050 | ||||||
| Gross values at 1 January 2012 | 825,650 | 733,410 | 90,536 | 112,736 | 52,510 | 1,814,842 | |
| Reclassifications | -333 | -14 | -3,164 | 4,709 | 1,423 | 2,621 | |
| Own costs capitalised | 442 | 390 | 15,238 | - | - | 16,070 | |
| Additions | 51,331 | 516 | 50,239 | 4,105 | 2,705 | 108,896 | |
| Additions from change in consolidation | - | - | - | - | - | - | |
| Disposals | -915 | -7,846 | -90 | -433 | -7,010 | -16,294 | |
| Disposals from change in consolidation | - | - | - | - | -31 | -31 | |
| IFRS 5 reclassifications | - | -21,115 | -19,732 | - | -33 | -40,880 | |
| Reclassifications between asset classes | 19,077 | 22,089 | -52,574 | 7,896 | 3,512 | - | |
| Translation differences | -2,134 | - | -62 | -248 | -109 | -2,553 | |
| Gross values at 31 December 2012 | 893,118 | 727,430 | 80,391 | 128,765 | 52,967 | 1,882,671 | |
| Accumulated depreciation and impairments at 1 January 2012 | -318,949 | -381,626 | -20,712 | -34,119 | -18,291 | -773,697 | |
| Reclassifications | 309 | -346 | 8,164 | -4,706 | -9,595 | -6,174 | |
| Depreciation and amortisation | -25,012 | -17,717 | - | -2,017 | -4,005 | -48,751 | |
| Impairments | -9,150 | -1,000 | -500 | -1,971 | -550 | -13,171 | |
| Disposals | 127 | 6,744 | - | 407 | 4,969 | 12,247 | |
| Disposals from change in consolidation | - | - | - | - | 23 | 23 | |
| IFRS 5 reclassifications | - | 5,253 | 10,384 | - | 31 | 15,668 | |
| Reclassifications between asset classes | 25 | -1 | - | -5 | -19 | - | |
| Translation differences | 414 | - | -23 | 19 | 23 | 433 | |
| Accumulated depreciation at 31 December 2012 | -352,236 | -388,693 | -2,687 | -42,392 | -27,414 | -813,422 | |
| Net values at 31 December 2012 | 540,882 | 338,737 | 77,704 | 86,373 | 25,553 | 1,069,249 | |
| Of which pledges as collateral for debts | 2,816 |
In the year under review, the allocation of fixed assets to their respective asset class was reviewed. It was determined that part of the property, plant and equipment and intangible assets were not allocated to the correct asset classes. This resulted in the reclassifications between property, plant and equipment and intangible assets shown in the year under review.
The pledged fixed assets were put up as collateral for the investment loans and mortgages as listed in Notes 18 and 23. Insured value of property, plant and equipment: MCHF 1,447 (previous year: MCHF 1,380). In the year under review, TCHF 558 in interest on borrowings (previous year: TCHF 1,231) was capitalised for assets under construction. A financing cost rate of 3.03 per cent was used (previous year: 3.14%).
Impairment of property, plant and equipment
The impairment of TCHF 13,171 in the year under review mainly concerns an impairment relating to a small hydropower plant, including land, in the amount of MCHF 10.8 (Note 29). The impairment in the previous year mainly related to an impairment for a trading system of around MCHF 7.2. In addition, a value adjustment was carried out for recognised costs relating to a power plant project totalling MCHF 1.7.
Leased property, plant and equipment
The net carrying amount of the motor vehicles held as part of the finance leasing agreement is a total of MCHF 1.1 (previous year: 0) at the closing date. More information about the finance leasing can be found in Note 32.