15 Tangible assets

 

Power plants

Grids

Assets under construction

Land and buildings

Other

Total

CHF thousand

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross values at 1 January 2018

900,382

758,671

80,864

72,293

53,565

1,865,775

Own costs capitalised

-

345

6,601

-

-

6,946

Additions

77

389

18,493

151

2,015

21,125

Additions from changes in consolidation

110,117

-

4,937

8

6

115,068

Disposals

-

–6,089

–9,522

–14

–125

–15,750

Reclassifications between asset classes

320

18,165

–19,542

–68

1,125

-

Effect of currency translation

–16,039

-

–309

–639

–848

–17,835

Gross values at 31 December 2018

994,857

771,481

81,522

71,731

55,738

1,975,329

 

 

 

 

 

 

 

Accumulated depreciation and value adjustments at 1 January 2018

–546,331

–439,179

–69,485

–33,627

–31,987

–1,120,609

Depreciation

–21,340

–17,226

-

–670

–4,223

–43,459

Disposals

-

4,941

9,517

14

118

14,590

Reclassifications between asset classes

-

–12

-

12

-

-

Effect of currency translation

9,627

-

188

574

437

10,826

Accumulated depreciation and value adjustments at 31 December 2018

–558,044

–451,476

–59,780

–33,697

–35,655

–1,138,652

Net values at 31 December 2018

436,813

320,005

21,742

38,034

20,083

836,677

of which security pledged for debts

 

 

 

 

 

53,565

 

 

 

 

 

 

 

Gross values at 1 January 2019

994,857

771,481

81,522

71,731

55,738

1,975,329

Own costs capitalised

-

330

6,082

-

-

6,412

Additions

189

262

27,331

22

2,438

30,242

Disposals

-

–14,791

–52,897

–73

–445

–68,206

Disposals from changes in consolidation

-

-

-

-

–2,394

–2,394

Reclassifications between asset classes

8,630

18,034

–28,181

10

1,728

221

Effect of currency translation

–18,863

-

–499

–603

–872

–20,837

Gross values at 31 December 2019

984,813

775,316

33,358

71,087

56,193

1,920,767

 

 

 

 

 

 

 

Accumulated depreciation and value adjustments at 1 January 2019

–558,044

–451,476

–59,780

–33,697

–35,655

–1,138,652

Depreciation

–25,283

–17,229

-

–679

–4,129

–47,320

Impairments

-

-

–1,983

-

-

–1,983

Disposals

-

10,713

52,094

43

343

63,193

Disposals from changes in consolidation

-

-

-

-

2,019

2,019

Effect of currency translation

9,807

-

178

550

480

11,015

Accumulated depreciation and value adjustments at 31 December 2019

–573,520

–457,992

–9,491

–33,783

–36,942

–1,111,728

Net values at 31 December 2019

411,293

317,324

23,867

37,304

19,251

809,039

of which security pledged for debts

 

 

 

 

 

77,953

Land and buildings connected with power generation and grid facilities are accounted for under power plants and grid assets.

The increase in the net values of tangible assets pledged as security for debts relates essentially to a bank loan taken up in the 2019 financial year.

The impairment charge recognised in 2019 related to a payment to a supplier that was unable to meet its obligation. In this context a good performance guarantee was collected for an amount of CHF 967 thousand. The income is recognised as other operating income (see Note 4).

LEASED POWER PLANTS

CHF 47,469 thousand of the addition in scope of consolidation the prior year relates to leased power plants (see the “Additions to the scope of consolidation“ section).

The net carrying amount of the generation assets held as part of the finance leasing agreement totalled CHF 41,057 thousand (previous year: CHF 46,721 thousand) at the closing date.

Total lease liabilities come to CHF 27,431 thousand (prior year: CHF 31,375 thousand).