15 Tangible assets

CHF thousand

Power plants

Grids

Assets under construction

Land and buildings

Other

Total

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Gross values at 1 January 2020

984,813

775,316

33,358

71,087

56,193

1,920,767

Own costs capitalised

-

207

9,026

-

-

9,233

Additions

1,530

5,428

30,818

594

1,369

39,739

Additions from changes in consolidation

71,496

-

-

622

31

72,149

Subsidies received

-

-

–2,053

-

-

–2,053

Disposals

–1,652

–8,935

–17

–128

–318

–11,050

Reclassifications between asset classes

3,351

23,048

–26,698

837

337

875

Effect of currency translation

–1,425

-

6

–56

–105

–1,580

Gross values at 31 December 2020

1,058,113

795,064

44,440

72,956

57,507

2,028,080

 

 

 

 

 

 

 

Accumulated depreciation and value adjustments at 1 January 2020

–573,520

–457,992

–9,491

–33,783

–36,942

–1,111,728

Depreciation

–27,079

–17,431

-

–729

–3,706

–48,945

Disposals

1,502

7,901

-

29

120

9,552

Reclassifications between asset classes

–25

-

-

–305

-

–330

Effect of currency translation

1,082

-

22

65

50

1,219

Accumulated depreciation and value adjustments at 31 December 2020

–598,040

–467,522

–9,469

–34,723

–40,478

–1,150,232

Net values at 31 December 2020

460,073

327,542

34,971

38,233

17,029

877,848

of which security pledged for debts

 

 

 

 

 

99,843

Land and buildings connected with power generation and grid facilities are stated under power plants and grids.

The increase in the net values of tangible assets pledged as security for debts relates in particular to bank loan taken up in connection with the early redemption of financial leases.

The subsidies received stated are subsidies received in connection with the total renovation of Robbia power plant.

The impairment charge recognised in 2019 related to a payment to a supplier that was unable to meet its obligation. In this context use was made of a contract bond amounting to CHF 967 thousand. The income was recognised as other operating income (see Note 4).

Leased power plants

The net carrying amount of the generation assets held as part of the finance leasing agreement totalled CHF 22,938 thousand (previous year: CHF 41,057 thousand) at the closing date.

Total lease liabilities come to CHF 16,363 thousand (prior year: CHF 27,431 thousand).

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